An African Revolution Being Borne of the Back of Bitcoin and Blockchain

in africa •  7 years ago 

The stereotypical thought of an African revolution, one that breaks the chains of oppression and domination, sparks images of bloody battles of liberation. But now, with a new tool that does not discriminate or exclude, Bitcoin is helping African millennials free himself from financial repression.

Armed with only a smartphone everyday African citizens are able to tap into a growing ecosystem and profit from it. But it is more than that; businesses are looking to use Blockchain technology as a cheaper alternative in order to build a better business.

Everyday freedom
In order for an individual to enter the stock market or to invest in a company or idea, it requires more than just know how. The traditional money market has been for so long an elitist environment that subtle excludes those who are not of its ilk.

A thirty-something woman from the outskirts of Kampala, Uganda, does not exactly fit the bill of a savvy investor. However, Bitcoin is opening up that world to everyone and all.

The stereotypical thought of an African revolution, one that breaks the chains of oppression and domination, sparks images of bloody battles of liberation. But now, with a new tool that does not discriminate or exclude, Bitcoin is helping African millennials free himself from financial repression.

Armed with only a smartphone everyday African citizens are able to tap into a growing ecosystem and profit from it. But it is more than that; businesses are looking to use Blockchain technology as a cheaper alternative in order to build a better business.

Everyday freedom
In order for an individual to enter the stock market or to invest in a company or idea, it requires more than just know how. The traditional money market has been for so long an elitist environment that subtle excludes those who are not of its ilk.

A thirty-something woman from the outskirts of Kampala, Uganda, does not exactly fit the bill of a savvy investor. However, Bitcoin is opening up that world to everyone and all.

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