Africans who embrace blockchain and cryptocurrency find stability while hoping for future economic growth
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#outreach #threadstorm #cryptocurrency #blockchain #WEB3 #economicgrowth #africans
Africans who embrace blockchain and cryptocurrency find stability while hoping for future economic growth
(0/6)
#outreach #threadstorm #cryptocurrency #blockchain #WEB3 #economicgrowth #africans
🧵1/ By now you already know that sending and receiving money in Africa is really challenging due to exchange rates and limited foreign currency job options.
🧵2/ We are seeing a spike in Professionals, including healthcare and banking, leave Africa and seeking better opportunities abroad.
🧵3/ So when I read about the Layoffs happening at Chipper Cash in the morning, it raised concerns about a typical fintech' struggles in addressing African financial challenges.
🧵4/ Many payment platforms avoid Africa due to fraud stereotypes, which hinders financial solutions for the continent. But cryptocurrency came as a lifeline, and enabled Africans to overcome payment obstacles and earn in foreign currencies.
🧵5/ Despite the various challenges that we are facing, those who embrace blockchain and cryptocurrency find stability and hope for economic growth. Although the hope rests on governments embracing cryptocurrency to combat poverty and economic struggles in Africa.
🧵6/ As of now, cryptocurrency not only provides financial stability but also has the potential to transform economies and alleviate poverty globally.
Read More Africans who embrace blockchain and cryptocurrency find stability while hoping for future economic growth
it brings stability and economic development
Definitely!!!
you are our role model
Oh, Thank you very much, Sir 🙏🏿
This is interesting. And we can see that Hive is a great example of this. Community of African countries has grown a lot here at Hive. It's cool to know that people from underdeveloped countries can find something income here.