how would it help alleviate financial problems in Africa when most of them really don't understand it. Don't get me wrong but many African countries are already labelling cryptocurrencies as scams so how on earth would it help them. You tell me.
Yes they labelled cryptocurrency as scam becasue they never understand the terms been use in cryptocurrency. Education is the problem of the Africans and when they overcome illiteracy then they can believe the world of cryptocurrency and move toward it adoption. Also, remember that in Africa, we have population that the world need and also, the world of cryptocurrency.
In addition to the fact that some Africans labelled bitcoin as a scam is that having experienced the fraud perpetuated by the moribund MMM ponzi scheme that resulted to many of them losing a lot of money to that fraudulent schemes hence some of them had become caution on any thing that is online thus it requires a lot of efforts and public enlightenment to remove such a negative perceptions about bitcoin and bring some trust, however with time more Africans will see why bitcoin is a better alternative to the so called centralized system of banking.