Africa Is A Rising Crypto StarBitcoin Will Crush Fiat

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Bitcoin is seeing increasing interest and adoption around Africa, a continent which is seriously in need of good money and a bit of currency competition.


Africa Needs Open Currency Competition. It Needs Cryptocurrency

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Africa Is A Rising Crypto StarBitcoin Will Crush Fiat

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  1. I still have nightmares when trying to move Bitcoin when it was actually being used though (Dec 2017)… slow and expensive!! It better get its sh)% together…, XRP, XLM even LTC much more valuable than dinosaur BTC….TO ME.

  2. It will be heartbreaking if most Bitcoins end up in the hands of Bakkt, CBOE and all these rich institutions when they don’t really need them. Hopefully the regular people in Africa and South America don’t miss this golden opportunity while the rich in America are waiting forregulatory clarity.What’s unclear?! BTC goes up exponentially and isn’t waiting for anybody. The cat is out of the bag and it’s not going back!

  3. I was thinking the same thing, and especially in Africa. Even today’s current prices are like a few years wages in many countries. Imagine what you could do with investments if you were given a few years of your wages right now. Wouldn’t have to be that lucky to never have to work again.

    Noch, I get lark’s point. 🙂

  4. My only concern is the chicken to Bitcoin ratio. How does free trade non fiat communities embrace Bitcoin unless someone gives it to them or they agree to exchange services for it. Looking forward to what projects are doing to help make that happen.

  5. It’s high time to meet the banking needs of the under-served and un-banked. Unfortunately the GUI associated with the tech is not nearly simple enough ; we need the equivalent of wallet interfaces similar to what you’d give to your most inept grandparent or your five year old and then adoption will be a possibility. After this tech gap is bridged the most needy will be served with a bit of fairness and opportunity, at last. 🙏

  6. When was the last time u actually used BTC or any other Crypto…. I wish BTC could compete NOW, but like ETH, it still has a value for what it could become, not what it is now.

    I’m not shilling, it’s just fact, are u able to transact faster/cheaper with XLM, XRP, EOS or not?

    All about utility and as it is now, BTC cannot handle real demand….fact.

  7. +samiraifis im sure xrp is faster but i have only made purchases online with bitcoin and tell me how fast does it need to be when you order something from amazon? it only needs to be fast if you are standing in line at the register

  8. Richard Busby I lost thousands USD trying to sell/buy/move BTC to/from exchanges back in late 2017, over $50 for a transfer that took over 4 hours if lucky to completeBTC is slightly usable now, cause there is no demand for it. I still have a few coins, but it’s not the promise it promised, ie., being used peer to peer, fast and cheap. I hope it succeeds, but it won’t in its current state.

  9. +samiraifisreal demand
    Bitcoin does everything that’s needed in todays crypto market. Just yesterday I moved 10 bitcoin with 6 confirmations in less than 10 minutes and $1.25 fee.
    Bitcoin has NO competition!

  10. +samiraifis its being improved all the time but bitcoin didnt promise anything to you because it has no ceo and i dont understand how you lost so much, i guess you were moving it around at the hight of the cost of doing so. now the price has come WAY down and like i said i have bought things with minute costs and the costs will continue to go down. if you are saying BTC wont succeed i think thats not true. btw i have invested about 50k yet its still worth only 12k but i am still buying because i think it will grow to massive heights. i hope you hodled and will recoup what you spent

  11. Kin't skele? There are so many digits in bitcoin that we will never be short of them. Worrying about that is like worrying that you will run out of numbers to do math with.

  12. That’s a nice review.
    I still think it is important to let people on the ground do their own problem-solving. Wherever cryptos are needed, they will be adopted. Lots of central and West African countries are still in political shambles/turmoil and trying to just get life going with stable institutions for at least 5 jier. France/the EU meddling left and right in their internal affairs certainly doesn’t help settling down the unrest.

    The biggest slowdown in most African countries is that new entrepreneurs still rely on Chinese goods and merchandises to run their boutiques/shops. Since China has REFUSED to recognise cryptos (and actively fights them), there is little chance for these countries to make the switch to cryptos anytime soon. Once their businesses are established, there is a chance that they will start looking for better financial/transactional tools.

    dat sei, there are lots of African countries where TAXES don’t exist for 75+% of the population (they simply have no regular earnings/revenues). Once these people (i.e local artists, craftswo/men, tourist guides, Youtubers, etc) understand that they can transact in cryptos across the world AND launch their own local/street businesses without being tax-trackable (i.e under the government radar), they will catch up on the tech.

    yn prinsipe, Africa = lots of exciting fintech perspectives ahead. 🙂

  13. Hi Lark! Noticed some of the books you have on your shelf in the background and I think you should add one called Factfulness by Hans Rosling. It’s a great book, give it read if you haven’t already.

  14. Crypto would loosen and/or remove the remaining chains of hundreds of years of colonization on the continent. Fingers crossed! come on Africa, you can do it!

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