Awesome! You're doing amazing work. Please keep us posted on how this goes. Bitcoin is hope for all of Africa. I'm so incredibly bullish on #Bitcoin adoption for Africa.
Discussion
Thank you Derek. Will do :) The spark the country needs for grassroots adoption to spread feels real. I’m working with a couple of highly respected community members who are inspired to take the mission forward. This is the beginning of something special 🧡
Africa will become the breeding ground for #Bitcoin for several reasons:
Many countries in Africa lack a developed banking infrastructure, making it difficult for people to access financial services. #Bitcoin, being a decentralized and digital currency, can help overcome this barrier by providing an alternative way to store, transfer and receive money.
Africa has a very high mobile phone penetration rate, making it easier for people to use #Bitcoin as a payment method, as they can download a wallet app on their phone and transact with Bitcoin. And there are even options for #Bitcoin remittances without the use of a smartphone
Most African countries have experienced currency instability. #Bitcoin, being a decentralized currency with a limited supply, could provide a more stable alternative to national currencies.
Africa is a major source of remittances. #Bitcoin could provide a cheaper and faster way to send and receive money, without the need for intermediaries such as banks. The unique challenges and opportunities present in Africa could make it an ideal environment for the adoption and growth of #Bitcoin.