It is thought that the typical African revolution will take place with bloody freedom struggles in order to get rid of oppression and authority.. But now there is a tool that does not discriminate and removes the need for “bloody struggles”. Bitcoin allows the new African population to free themselves from financial pressures.
Using only smartphones as a weapon, ordinary African citizens are engaged in the growing cryptocurrency market and profiting.. But the business is not just about making a profit. Businesses are looking for new solutions in order to do better business and they find Blockchain technology.
Everyday Freedom
It is not enough for a person to know how to do these in order to enter the stock market or invest in an investment/idea.. The traditional money market has been elitist for quite some time, and it almost doesn’t accept non-upper class.. But Bitcoin still gives itself a whole new horizon.
Peace Akware, in her thirties from Kampala, told the BBC:
“I control my Bitcoin every day at every opportunity. i do. Every minute, every hour, every time, as often as I can.”
Best Alternative
Surviving in a place like Uganda, getting by somehow, Istanbul of course (in general) more difficult than life in. Speaking to the BBC, Peace Akware is a university graduate, but finding a job where he lives is very, very unlikely, even for university graduates.. That’s exactly why people are looking for an alternative.
So to speak, “additional jobs” are quite common, especially in underdeveloped countries.. People are trying to make a living by doing another job in addition to the job they have, but this is an alternative that is both very tiring, difficult and time-consuming as can be expected.. Another alternative, Bitcoin, does not waste that much time.. Although Bitcoin has its own risks, these risks are at a level that can be controlled.
Blockchain Power
Work environments that have become more difficult and ruthless due to costs and long periods are quite annoying in Africa. and businesses find the solution in Blockchain.
A company called BitPesa functions like a remittance company. The company provides cross-border money transfers, but prefers Bitcoin instead of using a tool like the US Dollar.. Because it’s so much easier.
Elizabeth Rossiello, CEO of BitPesa, explained why breaking with traditional banking has been so fruitful, especially in Africa:
“I was in Nairobi last month and I had three big things to do with banking. These three jobs were all with three different Kenyan banks. All three (of these jobs) were canceled, delayed, or needed additional information for different reasons. It took two and a half weeks per transaction to finalize transactions, and I’m an expert.”
Delays and problems can occur even at the best banks. When we look at the traditional banking system in Africa, which is already full of mistakes and needs alternatives, the situation for banking is very dire.
Education is a must
The revolution that is hoped to be achieved with Bitcoin and Blockchain in Africa has some problems. The most cited of these problems is the education of the masses about Bitcoin and Blockchain.
This problem has led some institutions to start the business of providing Bitcoin education.
Martin Serugga, a trader in Kampala, weekly started teaching Bitcoin as a private student, and these courses now appeal to about 50 people.. Serugga says that people who have no choice anymore show great interest.. Serugga:
“If you don’t have jobs to offer thousands of young graduates from universities in factories or companies, this (Bitcoin) is an alternative.”
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