Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Craze in Africa
by
jjacob
on 02/03/2018, 07:46:49 UTC

Bitcoin seems to be taking over Africa in a slow but steady manner, major economic hubs in Africa such as Nairobi, Lagos and Johannesburg are adopting BTC as a number of people are finding out that crypto offers a cheaper option to extensive problems. well they maybe late adopters but still have joined the course to spread BTC awareness and usage

http://www.bbc.co.uk/news/world-africa-42582343

The article is dated (a couple of months old) but it makes a few good points. In Africa, because of the underdeveloped banking network, people can leap-frog the traditional financial system and get into crypto. Mobile penetration is also increasing rapidly and the infrastructure is also improving. So the traditional bottlenecks are slowly disappearing.