A recent report says that being a lack of traditional financial of Africa makes it good for cryptocurrency adoption.
Per the report, cryptocurrencies such as Bitcoin (BTC) can potentially solve all the aforementioned challenges
Although it is a diverse region, African nations share some key similarities and trends. Economic problems, from high inflation rates and volatile currencies to financial issues such as capital controls and a lack of banking infrastructure, create a fertile ground for an alternative to germinate.
Source: https://cointelegraph.com/news/bitcoin-may-be-the-solution-to-africas-broken-financial-system/amp
Do you agree that bitcoin would be a good idea for Africa?for me, adoption of bitcoin from Africa is a good idea, Africa has a big problem in terms of financial, they should do something to overcome those problems, one of the suggested ways is the use of bitcoin which is a really good idea, there are already many countries which are accepting the use of cryptocurrency in some of their transactions, it is way good better for fast and secured transactions compared to fiat currency.
The problem in Africa is very complicated, and it cannot be solved by using bitcoin alone. Other than that, many tribes in Africa live in a barren area with no network, mobile phones, computers and other equipment. In this case, how do they use bitcoin? I think before using bitcoin, we must first improve the infrastructure in Africa
It wasn't intent for tomorrow but of course sooner in time.
There are some thing that must be consider about this post and that is how will Bitcoin Help africa but not Bitcoin will Build Africa.
Infrastructure is Governments obligation so why need to be connected in Bitcoin?
and besides this is just the Beginning and more is yet to come.
The issue about tribes does not also include in problem because they Crypto is electronic
and internet based nothing to be in physical.
One step forward for now,and the domino effect will surely follow because Bitcoin can help each economy if they will allow this to happen.