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.
It's already a big thing, it's not just an idea that it could be big. There've been successful crypto projects implemented in Africa, and I believe there was a whole documentary about Bitcoin in Africa. With many people not used to banks there, it indeed seems a natural place for Bitcoin growth (especially since they barely have civilization at some places but seem to have smartphones and Internet connection). However, some may be reluctant to use Bitcoin due to the lack of trust in any financial system, low level of acceptance from retailers and high volatility. So while there are many bullish articles and some success stories, it seems to me that the level of adoption is still way beyond what could be expected from this region.