Post
Topic
Board Legal
Re: BITCOIN IN AFRICA
by
audaciousbeing
on 01/12/2017, 12:39:23 UTC
Africa has a long way to go because of the basic infrastructure that needs to be put in place in other to use bitcoin in terms of internet, electricity and basic education but at the same time, that does not remove the fact that for the few population that are involved, Africa has put itself in the scheme of things where you get to enjoy your earnings with little or no interference at least in the short while.

Today, we talk about projects and sites relating to bitcoin excluding some citizens of some certain countries but not in Africa. Yesterday I read about court ordered Coinbase to release information of those who have made transactions on their platform and this is not happening in Africa which shows how receptive Africa is to bitcoin at this time.

A great portion of Africa people do not have access to banking services. Because of the wild landscape and many remote villages, it is not easy for someone to go to the Bank. Bitcoin, does not need bank infrastructure, so it can be easily used wherever there is internet connectivity. More over bitcoin make payments and wallets available, wherever there is an internet connection.
Lol. Do you think that in remote villages have Internet? I am sure that there is not even electricity. Bitcoin is a digital technology and it is not available in countries with underdeveloped infrastructure. I do not believe that bitcoin will ever be used by people who do not know how to read and write. It's impossible.