Post
Topic
Board Bitcoin Discussion
Re: Bitcoin adoption in Africa: Bitcoin solving problems in the country
by
clickerz
on 28/02/2017, 01:56:19 UTC
I think bitcoin is ideal for developing countries. It offers alternative forms of payment at much lower costs and for any amount. Micro loans are rapidly growing across the African continent, helping small businesses get up and running. I think bitcoin is a tool that can be utilized to make these businesses keep their costs down. If adopted and used properly, it can certainly propel many countries forward.


Bitcoin would be great for countries in Africa. There's a huge amount of government corruption in those countries, as well as exploitation of the population by people who are in high levels in the government. Using Bitcoin would be a great way for the people to protect their money.

Bitcoin would be good in industrializing countries or they say Third Word countries and not only in Africa. There are families who are living less than a dollar a day and bitcoin is a good catalyst for the alleviation of poverty. With bitcoin as a tool currency to earn, those talented people has access to wide services which they can offer their talents and earn a substantial amount (bitcoin) in world standard if converted to their local currency.It has a big value to them,Bitcoin can create an equal opportunity to all worldwide. Africa can harnessed this technology to create more opportunity to its people.