Based on all my combined experience, pesa patterns ive observed and my current deep dive into airtime currency and africa, im 💯 convinced cryptocurrencies will take off in Africa and its only a matter of time
Example thread
Example thread
Factors that will spur adoption
Failure of government issued currencies
Failure of current fiat currency systems
Gaps in fiat infrastructure for cross border economic activity
P2p markets (informal or otherwise)
Failure of government issued currencies
Failure of current fiat currency systems
Gaps in fiat infrastructure for cross border economic activity
P2p markets (informal or otherwise)
I think the current crop of money regulators and financial inclusion "experts" are completely blind to the ability of Africans to make rational decisions in an environment of high failure like the failure of govt issued money
I think they also vastly underestimate how Africans have evolved with introduction of mobile phone, mobile airtime and digital financial services
I also think the current crop of young Africans, who've grown up with mobile phones, mobile internet, mobile airtime currency and in a vastly informal sector will surprise all of us
Cant wait!
Cant wait!
This is not a joke.
Consider this a forecast
Consider this a forecast
