Bitcoin is Giving Africa Power

Currencies in Africa have been hyper-inflated for the last several years. Countries with hyper-inflated money tend to understand the need for Bitcoin much faster because they actively seek alternatives and have more motivation to learn. 

35% of Nigerians aged 18-60 own or have traded crypto in the last six months.

Right now, fees can be as high as 10% for sending money to Africa if you live in the US. Over 9 billion in fees is spent per year on nothing other than moving money from here to Africa.

In Nigeria, Kenya and Ghana, there is an app called Strike which allows people in the US to send Bitcoin to people in Africa for pennies in fees, no matter the amount. It also allows them to convert it to their local currency to buy things for pennies in fees, no matter the amount. This will save families billions being stolen from them for no reason.

A Bitcoin mining company has raised $2 million to power an electrical grid of a small community profitably (Jay-Z and Jack Dorsey are the investors). 

Many philanthropic projects educate people on how to store Bitcoin and help developers work for free, like Btrust, which is locating and funding African developers to work on Bitcoin. 

Block, Inc. conducted a survey in the USA and Nigeria asking about the future of Bitcoin. 29% of people in the USA are optimistic about Bitcoin vs. 60% in Nigeria. 

Bitcoin is an opportunity for Africa to escape the hyperinflated currencies they are dealing with because of the dying US dollar.