Re: Bitcoin Craze in Africa

Quote from: Troysen on March 02, 2018, 07:13:47 AM

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

I don't those places/cities constitute or represent Africa.They might have started adopting a bit due to availability of technical advancements but the whole bunch of villages in other parts of the continent are yet to receive electricity.Money transfers is least of their problems if you look at it.Mass adoption is only accountable when the proportion of people having resources is more than the people not having them.Anyway,it's good thing to know cities have started to know about cryptos.

Huh

Quote from: dado7 on March 02, 2018, 07:29:06 AM

Since money distribution problem is nowhere that evident as in Africa (you know that there is enough food for everybody in each of the countries infamous for mass starvation?), I think that blockchain can really help them, and we, the community, must really work on the adoption there, it could mean literally saving lives.
The problem is not fast solvable though - not just because cryptos are still far from being able to solve anything (scalability, whales (centralization), fees, security.....), but because lots of people in Africa don't have the access to modern technologies.

However, back to the news, we are still talking about rich parts of Africa - they don't need it that much, but it has to start somewhere.

I concur.