The high rate of poverty is the cause of their slow movement I think. I hope cryptoindustries will develop and progress in Africa in time.

From my point of view it happen because Africans has no proper knowledge about this market. So it very hard to convince anyone about this new technology. It’s the reason I think. I also believe that bitcoin take proper step to solve this.

I think it's a nice place to become Africa for crypto currency. They have to guarantee their financial security. There are many African countries that are still struggling. They need infrastructure development. Need stable economic system Then I think that's good.

I agree. In fact, cryptocurrencies will be most beneficial to developing countries such as Africa. Most parts of Africa may be overpowered by the influence of the traditional financial sector, but for this same reason, they are very much ready to adopt new currencies, particularly cryptocurrencies.
Cryptocurrency as a completely virtual currency traded online, offers plenty of opportunity for African economies due to its unregulated nature, as well as its economic flexibility. Cryptocurrencies will support cross-border and international trade. They will also be given access to a larger customer base, boosting sales and growth. In summary, the huge potential of crypto will be a game changer for Africa.

seriously why would you want to pay somewhere in africa with bitcoin, africa is still very rural, you can expect that there will be african icos, that will demand stuff like this. and they will sooner or later compete against each other.

regards

I think the reason is that they have still an undeveloped technological system, with slow internet connection, lack of information or knowledge to be shared with the community and maybe because it has many rural places that needs progress and improvement. There's nothing impossible so they might be late but will definitely progressive and productive with cryptocurrency, they need a good governance to do the process.

We all know African country is not economically stable that’s why i think cryptocurrencies progress is not satisfiable in those areas. For this reason we have no option to help them.

I guess the problem lies in African goverments. As far as I know there is not much free market in those african countries. But more and more Africans are aware of cryptocurrencies wich may help them in the future to adopt them.

In Africa, crypto acquisition comes with a premium, similarly to a decade ago when voice calls to Africa from Europe and North America were more expensive than other places.

There is a high arbitrage phenomenon that is prevalent with limited choice of  high-liquidity bitcoin exchanges, stricter exchange controls or where access to international bank accounts is limited.

Another reason could be lack of education and awareness.

It will definitely  move slowly in Africa because information  is power and the source of information which is internet had not gain up-to 10% of cyber power which has been an obstacle.  We need the power of internet to get external information.