Que factores impulsan a Bitcoin Revolución das remesas en África? Estes

Por NewsBTC - hai 2 anos - Tempo de lectura: 5 minutos
Xov, 10 de febreiro de 2022 ás 5:56 h

Que factores impulsan a Bitcoin Revolución das remesas en África? Estes

o Bitcoin remittance business is blowing up all over the world. South African financial website moneyweb brings us the report directly from the oldest continent. The conditions that led to El Salvador making Bitcoin legal tender are present all over Africa. The people are unbanked but everybody has mobile phones. Plus, the diaspora is huge and sends money home constantly while big companies rob them blind with high fees. 

Related Reading | Is Largely Unbanked Africa Primed for Bitcoin ¿Adopción?

“The African continent has many opportunities for widespread Bitcoin adoption. One of those opportunities is remittance fueled by Africa’s growing ~mobile~ population. There are over 30 million Africans living outside their countries of origin. Since 2012, the African Union considers the African diaspora the sixth Africa’s region.”

On one hand, “countries such as South Africa, Nigeria, and Kenya” want to regulate bitcoin and other cryptocurrencies. On the other, “According to the World Bank Global Findex, 60% of the population” in the continent are unbanked. The recipe is there. And Bitcoin remittances might be the use case to bring mass adoption to Africa.

Non só crece a poboación móbil, senón que todo o continente tamén ten unha ampla experiencia con outras formas de "diñeiro móbil". É un concepto xa arraigado na cultura:

"África é o líder mundial no uso de diñeiro móbil. A África subsahariana ten a industria de diñeiro móbil de máis rápido crecemento do mundo. A rexión seguirá experimentando un crecemento substancial no número de persoas que posúen teléfonos móbiles. Espérase que os subscritores móbiles en África subsahariana alcancen os 623 millóns en 2025, a metade da poboación do continente. A cifra será aínda maior debido á cultura de compartir teléfonos móbiles”.

From there to using Bitcoin, the most efficient money network in the world, it’s just a step. The road is clear.

Inadvertently, governments all over the African continent are pushing Bitcoin adoption with their restrictive policies. For example

“In 2020, the Central Bank of Nigeria suspended international mobile money transfers to Nigeria. The suspension came after the banking regulator allowed US dollar payouts for international remittances in the country.” And that “means that only Nigerians with a bank account will be able to receive money from abroad. Not all international money transfer services to Nigeria support cash payout.”

Everyone underestimates the rate of #Bitcoin adopción en Nixeria, pronto será unha relixión importante.

— Bernard ‘berlin’ Parah (@bernard_parah) February 5, 2022

What have the Nigerians done? Turn to Bitcoin remittances, of course.

Outro exemplo:

“In Zimbabwe, several restrictive monetary policies have led to the growing interest and use of bitcoin for remittances. First, the government banned all foreign currencies such as the US dollar, Euro, South Africa rand, and others. The government also placed restrictions on mobile money services, as well as daily withdrawal limits because of severe fiat currency shortages. To bypass these restrictive policies by the central bank, a growing number of Zimbabweans prefer bitcoin remittances to fiat money.”

Este factor non estaba presente no Salvador, que é un país dolarizado. Non obstante, en África, hai varios "países que experimentan inflación de dous díxitos como Zambia, Zimbabue, Nixeria, Sudán, Sudán do Sur, Etiopía, Liberia e Serra Leoa". Por exemplo:

"O franco guineano é unha das moedas máis débiles do mundo cando lanzamos en 2022. En 2020/21, o kwacha zambiano e o dólar de Zimbabue foron unha das moedas con peor rendemento do mundo. A naira de Nixeria perdeu máis do 50% do seu valor desde 2015. O Banco Central de Nixeria devaluou a naira tres veces en 2019. En maio de 2021, o banco central devaluou a naira nun 7.6%.

What have the Nigerians done? Adopt Bitcoin remittances. What will the other countries do? Adopt Bitcoin remittances, also.

Who said Kenyans don't own #Bitcoin..

Kenya Ranks 2nd in Africa in P2P settlement, overtaking South Africa .#cryptocurrencyKE #africarising pic.twitter.com/fg8Ivj3mQA

— CRYPTOCURRENCY KENYA (@CryptoHubKE) February 8, 2022

As taxas de envío foron un factor destacado na historia do Salvador. E en África, a historia repítese:

“A study by the World Bank shows that transfer fees to Sub-Saharan Africa, the poorest region in the world, are the highest in the entire world. The cost of sending $200 to Sub-Saharan Africa towards the end of 2020 was 8.2% on average. Sending money within Africa is even more expensive.”

Que fará toda a África subsahariana?

I could wait another 25 years for the ANC to do good on their promises to fix some of historical injustice in South Africa, or I can take control of my own life and buy #bitcoin agora.

— Tensai Bankai (@tensaibankai) February 8, 2022

This is a positive one, for a change. According to BTrust’s Abubakar Nur Khalil, in a recent article for Bitcoin Revista:

“Africa is home a máis de mil linguas indíxenas, con países de fala non inglesa. A maioría de Bitcoin o material dispoñible está en inglés, o que significa que tamén debemos comprometernos nos esforzos de tradución para desbloquear o coñecemento de millóns de persoas que non falan inglés no continente, tanto nos desenvolvedores como nos usuarios.

Actualmente, hai esforzos en toda África para traducir Bitcoin material into different languages such as Amharic, Arabic and Wolof by Kal Kassa, Arabic_HODL and Fodé Diop, respectively, with ongoing work on others.”

Lecturas relacionadas | Un home surafricano perde un valor de 900,000 dólares Bitcoin Despois de eliminar as chaves accidentalmente

And we also have to mention Exonumia, who is “creating open source African language translations for Bitcoin literature through community.” And, of course, the BTrust. The organization created and financed by Jay-Z and Jack Dorsey is on a mission to promote Bitcoin development in Africa and India. One of its board of directors members, Abubakar Nur Khalil, recently spoke to Bloomberg Technology about the initiative.

Meet one of the board members of Jay-Z’s and Jack Dorsey’s blind Bitcoin trust: Recursive Capital CEO Abubakar Nur Khalil in Nigeria. He tells @sonalibasak how he envisions web3 in Africa https://t.co/IdyBB7wTvb pic.twitter.com/eFKEga4Nbg

— Bloomberg Technology (@technology) February 4, 2022

There are negative factors that affect Bitcoin positively, like high fees, weak currencies, and worse government policies.  And there are positive ones, like high mobile adoption and available education. The mix might form a perfect storm for Bitcoin adoption in Africa. And the Bitcoin remittances revolution is leading the way.

After a recent surge of sorts, Bitcoin has been trading horizontally for the last few days.

Orixe orixinal: NewsBTC