Africa is Ripe for Bitcoin and Cryptocurrencies

in #bitcoin7 years ago

Cryptographic forms of money are bit by bit being discovered in Africa. In countries like South Africa, Ghana, Kenya, Botswana, Zimbabwe and Nigeria, there is a similarity of advanced monetary standards, principally bitcoin, taking roots. 

These countries have Exchanges and new companies in the crypto space, and their organizations are perceiving the essentialness of Cryptocurrencies in encouraging cross-border exchange and payment. As an issue of reality, there are more than 1000 merchants accepting Bitcoin in South Africa.

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It seems that every altcoin has its difficulties to scaling up, mostly the solution is POS.But it is hard to control the speed of the inflation in POS, so lastly a new altcoin will come to the market for alleviating the problem. It is just a vicious cycle....

Interesting, anyways you just got an upvote and a follow :)

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