Bitcoin will resolve Africa's Broken Financial System



  • 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.

    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.

    Source: https://cointelegraph.com/news/bitcoin-may-be-the-solution-to-africas-broken-financial-system/amp


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