Hey Steemians
I live in Uganda-EastAfrica and have been involved with Bitcoins and a few other cryptocurrencies for now about 2 years. Statistically Nigeria, Kenya and SouthAfrica have the largest Bitcoin trading volumes in Africa now and not so much activity in the rest of the countries.
For so many reasons;
1) Largest percentage of the African population has little or no access to the Internet which keeps them away from a lot of technological advancements happening in the rest of the world.
2) High levels of illiteracy rates in most African countries with most people having little or no access to Banking facilities or even still Banks lack presence in most rural areas.
3) Freedom suppression in most African countries by dictatorial regimes and hence limits people from exploring new ventures or ideas for fear of condemnation.
4) Neo colonialism still being exercised in a number of African countries who therefore wait for policy guidelines from their colonial masters before any policy implementation. Mostly due to those that still benefit from donor funding to capitalize their deficit budgets.
Africa though has the biggest potential for this technological advancement in comparison to having been the most successful in mobile phone digital transfers with countries like Kenya with the use of their Safaricom mpesa product that moves transactions catering for about 40% of the Kenyas GDP.
Countries like Zimbabwe can also greatly benefit from the Blockchain technology to curb one of the highest currency inflations in the world so far. With people in Zimbabwe carrying money on wheel barrows just to buy a loaf of bread.
I agree with the title of this article. Now what you have to say about Zimbabwe is dated. They no longer have inflation or their own currency. They use the dollar. I spent a lot of time there in November and I spoke at a Bitcoin conference there. One thing people are worried about on the ground in that part of Africa is scams. Sadly MMM is scam that scares many away from Bitcoin. Also you need to be VERY careful of Bitclub. I advise no person to join it. It is much better just to hold Bitcoin. My Bitcoin Africa videos can be watched on my channel: https://www.youtube.com/user/BaltimoreHourly/videos scroll down on that page for a while and you will see the one from when I was in Zim, Mozambique, Namibia, and South Africa. We are trying to have a large Bitcoin conference in that region in June or July so please get in touch with me over email. My email address is in the notes sections of all of my videos. Bitcoin Africa vids:
You might want to reach out to @bitcoinmeister. He is a Bitcoin and Steem advocate and he recently spent a few weeks in Africa promoting the use of cryptocurrencies.
Sure thing @cognoscere..thanks
what crypto does african use ?
Mainly bitcoin for now