15 sats \ 1 replies \ @cozy 13 Jan

"Mass adoption of Bitcoin begins and ends with education." Nah.

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That link was excellent -- I've not seen that before. Thx!

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"In Nigeria, the Central Bank of Nigeria (CBN) placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country. In late October, it introduced the eNaira [CBDC], hoping to reduce interest for those wanting to use Bitcoin."

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"With over half of the population of Africa without a traditional bank account, Bitcoin provides a solution for the unbanked by bringing financial services to anyone regardless of social class, location or income."

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"Mass adoption of Bitcoin begins and ends with education."

"It is our responsibility to provide education on the opportunities that Bitcoin can provide for financial freedom."

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There are a number of reasons preventing mass adoption of bitcoin in Africa (and the rest of the world).

If you look at the ways bitcoin is actually being used in Africa, you'll find most of them are related to ways to earn money. Lack of significant earnings is why the poor are poor, and why even being educated about bitcoin doesn't change much of everything without also the opportunity to earn.

How Is Bitcoin Used In Africa? https://kenyacoin.medium.com/how-is-bitcoin-used-in-africa-e099903fbad9

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