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RE: CHALLENGE #4 : THE FUTURE OF CRYPTO CURRENCY : STARTING FROM THE GENESIS OF E-CURRENCY
Nigeria's story is just about the same. Even till today, a lot of people still prefer cash, to them, cash is the ultimate. Next to cash is mobile bank transfers. The problem with mobile bank transfers however, is that network sometimes is poor and this can lead to some very serious confusion. Some time the buyer has been debited but the seller hasn't been credited. This can take days to be rectified and this is a major challenge with mobile bank transfer. Then there is POS but due to costs, it is mostly used by big merchants. Crypto is not inclusive. I hope in the future, it will.
Mobile banking is good but has a lot of hiccups due to our network conditions. This is exactly why africa as a whole should largely adopt the cryptocurrency mobile payment system.
#affable