I'm talking Africa now because the countries in that region are usually referred to as developing countries, instead of developed countries and we can see why because, they share the same institutional issues like; currency instability inflation pressure and weak banking trust.
Africa is a continent comprising many different countries, each with its own distinct political situation and legal framework. Therefore, one can't speak of implementing bitcoin across the entire continent as a single undertaking, since the process will unfold separately and independently in each country.
They also share high youth population, and just recently starting to experience and increased entrepreneurship culture and the need for cross border payments.
And this is a great opportunity to use bitcoin.
As a result But in in the African region may not be adopted through institutions, we could see it's adoption through measures like; informal trade, freelancing, remittances.
In any case, I believe adoption will proceed from the bottom up, starting with ordinary users and then moving to institutional clients. That is, after all, how it has played out worldwide.
Right now Bitcoins adoption is taking the underground route, but not for long, as its getting to a stage where it's unavoidable.
Because regulation is lagging behind. As for implementation, I have serious doubts. African governments are more likely to go down the path of CBDC (which they can control) than bitcoin.
