Post
Topic
Board Trading Discussion
Re: Does Africa buy and sell of Crypto on the increase?
by
Mpamaegbu
on 31/03/2019, 04:05:37 UTC
I hope so. I think that it could really help the people in Africa and having internet connection towards the whole country would be beneficial for them.
Internet connectivity is still an issue here, especially in the rural areas. The cities aren't any better though.


Take Nigeria for example too, I learnt that they rate at which they adopted cryptocurrency in 2017/2018 was so high that their Central Bank started campaigning against it before they get out of hand and when it comes to investment, they also have a large part too though can never be compared to the one from America and Europe. So, he should better do his research right before querying the op and also learn from your write-up.
I think the OP's research is in order.

Yes, the CB of Nigeria did send out a warning. But that was just once. It was actually a memo and that was in late 2016 when the MMM (Ponzi scheme) crave was in vogue. A lot of us Nigerians who came into cryptocurrency did that out of the curiosity that MMM generated as it were. Now, the Nigerian government is no longer bothered about cryptocurrency after the collapse of MMM in 2017. It's a free zone for us.



We know that Africa is not that fast in terms of adaptation with the new technologies but now they are doing good and trying their best to lift up their country.
What lack of adaptation are you talking about? I guess you don't know that the Bitcoin app, Luno, is owned by a South African.