RE: Cryptocurrency Impact & Adoption In Africa
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Peace,
I love your point about the adoption struggle Africans are facing in their respective countries.
The regulations are not all implemented in the countries so the effect varies a lot from one Nation to the next Nation.
The adoption is occurring underground as the rules change in each country. The informal aspect of these transactions can generate terrible loss or even incarceration. However, well-spirited young entrepreneurs are actively teaching and creating collaboration to ease the onboarding process into the blockchain world and cryptocurrencies.
I can't wait to watch your next episode. Your brother from Benin Republic.
Regards
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We are still dealing with unclear regulations or respective government stance on cryptocurrency and with cryptocurrency still being a its early stages we regulation issues might remain the way they are now for a while.
Preventing the loss of money as much as possible should be our goal collectively as we get involve in cryptocurrency both old and new users with one of the ways being to stop seeing cryptocurrency as the opportunity to make quick money.
I get blown away seeing some young African entrepreneur like a Ghanian teenager that interviewed Jack Dorsey some time last year about Bitcoin. We need the young and the youth of our continent to take advantage of the cryptocurrency opportunity.
The challenge lies in onboarding, sharing crypto with our friends and family which is going to be the focus of our next talk and am glad you are looking forward to it.
Many thanks for watching brother, it is appreciated.
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