Post
Topic
Board Economics
Re: Usability of cryptocurrency in Africa
by
Mr.right85
on 08/09/2022, 22:37:43 UTC
You are right there. The op needs to be more specific with this but upon my research, I found out that there are 54 countries in africa. That's a lot. Didn't knew Africa is that huge but like the op I also mistaken Africa before as a single country. People on Nigeria is going to have a tough time now that the government in their country are now after cryptos.

There is a post here last time which said that binance is going to have a project in one of the African countries. I forgot if which specific country was that but it's a good news for them. Binance one of the largest crypto exchange also see the interest of those people towards crypto so they are helping them.
At least you know now of Africa not to be a single country but a continent but, its somehow have come under different generalised term to describe a situation that ravages most of the land.

It's been a thing in Africa for most of its government to go after crypto. This is largely due to the fact that, there are a lot of corruption in its ranks and as such, an idea of not being in control and have the citizens be in charge of there affairs is not a very patronised one.

About the news of a programme in Africa by Binance, I think that was with Nigeria. To create a crypto free zone or something of that nature. Although, its hardly an advantage for its citizens. You cant trust them not to have hidden motives.