Post
Topic
Board Bitcoin Discussion
Re: Bitcoin adoption in Africa: Bitcoin solving problems in the country
by
el kaka22
on 03/03/2017, 22:45:59 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.
Yeah I think bitcoin is a good idea for the people of all developing countries. They can also use it for the investment and trading purpose. As we all know that the economy of the developing countries and their currency is very low as compare to dollar or bitcoin so, it is the good platform for them to make money with their skill set.

When those people are planning up bitcoin based business for their local people, the success rate would be relatively high and I believe this forum will help them on setting up business too.