Post
Topic
Board Bitcoin Discussion
Re: Bitcoin may be the solution to Africa's broken financial system.
by
Jating
on 29/05/2020, 08:09:37 UTC
I think Africa is beyond help. I am an Egyptian and I live in Egypt and I can tell that few countries here can use a help. Most of Africa's countries want something more sophisticated than just help. We Africans must help ourselves first. It is a very rich continent but all of its treasures are wasted away. Leonardo DiCaprio's Blood Diamond was a good example. So early for blockchain here.

Except for South Africa

Why very negative though, yes that continent has been taken advantage by a lot of Western countries ever since but I think it still have the chance to recover. If government will really turn and will make a big effort to transform their country. It might take time though, but at least if will be a good start.

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 will really be a big push for the continent if bitcoin will prosper and grow. Not just bitcoin but blockchain technology itself. Maybe there could be some entity from the outside like Jack or exchange such as Luno who will lead the way.