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❕NEWS Cryptocurrency is necessary in Africa

AudraMiller

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There are many people that are raking in the profits when it comes to their cryptocurrency investments, however we have never really focused on what these profits are being used for. In fact there are many articles about how much people are making but never on what they are doing with these profits. In a recent news article it seems that cryptocurrency in Africa Is very important for the children of the continent as more than half of the profits that are being made by cryptocurrency investments are being used in order fund the educational costs for children, in terms of school fees and so forth. What do you think about this development?
 
Honestly, African is in top of the chart despite that the continent is not seeing the potentials in cryptocurrencies, the jobless Africans has found jobs and continiously exploring the books and crannies of cryptocurrency market and lots of projects arround the ecosystem.
Lots of projects and potential earnings around cryptocurrency. That's the reason why it has created avenue for everyone to earn money while making use of their time online. Ever since I came into crypto, I never regretted it, because profit is bigger than loss. Africans are top of the pile due to joblessness. And it has helped alot in bringing financial values to Africans.
 
The basic truth is that are we prepared to make cryptocurrency a legal tender in Africa? Do we have the necessary resources to launch campaigns on cryptocurrency project. We could see the commitment involved from what El Salvador as to go through before the project becomes successful. Africa could also toe the line.
Here in my country, youths have done incredibly well to puts for cryptocurrency full acceptance, but the government is still reluctant to do that, instead they want to close down crypto trading here in the country, due to greed. I believe in crypto future, and it's potentials, it has curved unemployment at least with it's numerous projects.
 
Let's take it from someone like me. I live in Africa. And poverty looms in the country. Imagine if there was no cryptocurrency, things would have been worse. Africa needs cryptocurrency. And I'm glad to know that we're a accepting cryptocurrency little by little. That's a very good one
I think that one of the concerns when it comes to the adoption of cryptocurrency in teh continent of africa also has to do with the infrastructure that they have available to them because if they do not have the technology that can be used to make the payments or a stable internet connection in some countries then it goes against cryptocurrency.
 
Honestly, African is in top of the chart despite that the continent is not seeing the potentials in cryptocurrencies, the jobless Africans has found jobs and continiously exploring the books and crannies of cryptocurrency market and lots of projects arround the ecosystem.
The rate of unemployment as made many young university graduate in Africa resort to self employment. One of such is exploring cryptocurrency . Despite the ban in the country the trader choose to use the p2p trading platform as an alternative and Africa recorded the highest volume of p2p transactions on binary.
 
The rate of unemployment as made many young university graduate in Africa resort to self employment. One of such is exploring cryptocurrency . Despite the ban in the country the trader choose to use the p2p trading platform as an alternative and Africa recorded the highest volume of p2p transactions on binary.
I can't but agree with you the only thing the government should have done was to provide the enabling environment for the cryptocurrency enthusiast to be able to trade or investor activity in cryptocurrencies why they also watch on how best they can call be legalities that could unfold because no doubt a lot of people are making leaving from cryptocurrency investment of trading which makes them to be you stay away from illegal activities.
 
I think Africa is one of the continent that's one of the lowest amount of people who are actively involved in cryptocurrency. I also believe that this issue can be traced directly to the lack of education and awareness. This is why ftx is trying to expand its campaign on the continent by doing just that. With time it might be the biggest cryptocurrency exchange are on the planet.
 
I think Africa is one of the continent that's one of the lowest amount of people who are actively involved in cryptocurrency. I also believe that this issue can be traced directly to the lack of education and awareness. This is why ftx is trying to expand its campaign on the continent by doing just that. With time it might be the biggest cryptocurrency exchange are on the planet.
You are totally wrong about that. Africa , specifically Nigeria was ranked number 1 on the p2p transaction in the world some months back. The major reason behind this is the rate of unemployment ravaging the continent of Africa and this made people to resort to getting involved in cryptocurrencies despite the ban by major countries in the continent.
 
The African continents is growing at a faster pace, and you can see the development stages at which they are partaking from sports,tourism and industrialization.
Cryptocurrency is even moving at a more faster pace as all the exchangers are in full operation and despite the ban in some african countries transaction are still going smoothly.
 
There are many people that are raking in the profits when it comes to their cryptocurrency investments, however we have never really focused on what these profits are being used for. In fact there are many articles about how much people are making but never on what they are doing with these profits. In a recent news article it seems that cryptocurrency in Africa Is very important for the children of the continent as more than half of the profits that are being made by cryptocurrency investments are being used in order fund the educational costs for children, in terms of school fees and so forth. What do you think about this development?
Out of all the continent, Africa is one of the poorest continent although might not be the poorest! Meanwhile crypto currency can be the requirement to the elevation of Africa from this level.
 
Due to Africa being the most undeveloped continent with an increasing number of poor people. Most profits generated from crypto are channelled towards charity program in the continent. However, it'll be better if the funds are channelled to empowerment programs than charity.
 

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