The Opening Africa Needs

Over the years Africa has found itself lagging in various aspects of advancement anyone can think of, including economically, healthcare infrastructure, and developments with unending lists of stagnancy.

A problem faced by the continent that sees its youth leave the shores of the continent in search of greener pastures, yet the same continent is rich in abundance.

When a discussion over Africa's problems arises we are quick to blame the western world for our lack of progress, refusing to admit the problem lies within us.

Hope for Africa is something I don't enjoy toying with, the continent is so behind my hope for the continent is so thin. Fortunately, for those of us involved in cryptocurrency, we have reason to be hopeful for a better future for Africa provided we utilize the opportunities cryptocurrency offers.

A Receptive Africa For Crypto Opportunities

With the US suddenly ramping up its hostility towards cryptocurrency, the outcome of that is expected to be crypto firms seeking elsewhere for business where they are welcome without unreasonable regulations that are bent on stifling the smooth run of the crypto business.

I listened to WendyO's talk about the RESTRICT Act recently and she mentioned people could get in trouble for owning a ring light. That is going extreme in people's life and it is completely unacceptable.

Imagine being arrested for a ring light, and by the way, I bought a ring light recently to enhance my video production, perhaps I should be on the lookout should Africa follow suit on these crazy laws.

For Africa's benefit, it needs to be receptive to cryptocurrency and blockchain innovations, the space does call for regulation but a regulation that is put in place by experts on the matter.

And when it comes to the right person for the right department, Africa fails tremendously in that regard so expecting a crypto regulation to be drafted by a team with the knowledge might be asking too much.

Anti-Crypto In Africa

We can't rule out the possibility of Africa following suit on the US's Anti-crypto stance to adopting some of its regulations. I hope that doesn't happen for Africa's sake.

Africa is a continent with ineffective systems in place so crypto clamp down on a magnitude like the US is bound to fail in Africa unless the proper infrastructures are in place to monitor who is using a crypto wallet or a VPN.

Nigeria placed restrictions on cryptocurrency transactions yet the country tops as the most crypto adoption in Africa. Perhaps the ineffective systems in Africa will play to crypto's advantage as Africa's adoption rate rises.

Africa's Opening

Africans have been governed by leaders whose goals are to embezzle as much as they can with little or no development for their nations. Hope is lost in the voting system as corruption prevails.

It is everyone for themselves with graduates roaming the streets of the continent in search of jobs. Through cryptocurrency and blockchain, youths are becoming entrepreneur-minded and building sources of livelihood for themselves while saving local currencies in stablecoins or cryptocurrencies of better-performing value.

Anyone can tap into decentralized blockchains to take advantage of what it has to offer, never has such an opportunity been available to the ordinary person, with crypto being a little over a decade old it is becoming evident by the day cryptocurrency is here to stay and Africa needs to place itself at the core of it.

What Is Hive

We owe it to ourselves to make Hive great

Image by @doze

Posted Using LeoFinance ^Beta