Farida (nprofile…2jqq) explains how Africa is leading the world in Bitcoin adoption:
"Currencies have depreciated by even more than 200%... People end up losing their savings because the value of their currency keeps going down. So they use Bitcoin as an alternative to protect their money from the continuous depreciation of their national currency."
"More than $17 billion are lost in remittance fees in Africa every year... In Africa, it can go as high as 16%. So Bitcoin allows people to keep more value for their money when they are trading across countries because our banking systems are built on a colonial model, and it's a very opaque model and a very costly one."
