Post
Topic
Board Bitcoin Discussion
Re: cryptocurrence progressing in poor African countries full of wars?
by
poodle63
on 03/07/2019, 22:25:19 UTC
how are poor African countries with wars benefit in cryptocurrecy system or blockchain tecnology ? 

Crypto It's an easy way to carry your wealth to other countries without any complications.

Now imagine choosing gold over crypto, it's easy to spot anyone carrying gold, but it's hard to tell if you own cryptocurrencies and also, most people in Africa are unbanked, being honest there aren't too many options to protect your wealth in Africa
I agree with this point of view. Of course, in not the most favorable countries, where the banking system is not reliable or completely absent, you have not so many options. Either store everything in cash or precious metals, which is not always convenient, or use modern methods, such as cryptocurrencies.
If the country if poor and full of wars, I doubt people will have the tools and access to internet thus making cryptocurrency unavailable there. Some places in africa are still like an isolated place where there's nothing there but just nature.