The BlockChain is a hope for African finance?

Recently, I was doing some research on the net to see where Africa is in terms of the blockchain. And it's really amazing that many economic analysts on the Blockchain were saying almost the same thing: the "blockchain is a hope for Africa financially speaking". So I've been thinking a little bit, because yes, sometimes I think deeply about something that I find credible in my thinking. And I said to myself: what is the blockchain a financial hope for Africa? Africa, which has always been at the bottom of the league table when it comes to new technologies!? But in my question was already the answer. It was "beyond time". Indeed, while the world has seen different technological advances in different fields, Africa was always trying to find its place, it was nowhere on the scene. But the time has come for development, and Africa has now managed to catch up. For good reason, the development of mobile telephony and Internet access has been identified as a huge challenge by many African governments. And if you ask the same question that I also asked you what you have never set foot in Africa or perhaps you set foot a long time ago. An example for my country, Madagascar, even among the poorest countries in the world, it will be the first country in Africa to deploy 5G. I don't know if this is good or bad news for my country, given the huge controversy around 5G in the world.

The other cause too, and this is the plausible cause, is that a large number of African citizens are still financially marginalized. To be more precise, Africa remains the continent with the fewest banking services available to its citizens. Nearly 80% of Africans do not have a bank account. And those who do, still find it difficult to make international payments. Digital payment on the Web, such as Paypal, still does not accept most African banks. Hence the enormous interest in the use of the blockchain by the African people, given its geographically unlimited face. With the peer-to-peer protocol, you can send cryptocurrencies to the other side of the world, it's easy and instantaneous. A huge advantage to consider is not that Facebook is targeting and trying to annex this market with its Balance encryption, given the huge potential in Africa. I'm having a bit of trouble writing this, but yes, Facebook remains the continent's leading social network. I am struggling because decentralized sharing platforms like STEEMIT are more advantageous on many levels, both in terms of data and in terms of the interests attributed to our content ... maybe this is the mission the universe has sent me, to promote Steemit for Africans given my love for this platform.

Thus, cryptocurrencies adapted as a means of e-commerce and international money transfer is a better alternative to traditional bank transfers. In fact, many start-ups based on blockchain ICOs offer these services (more about this in a future article), but there is a huge problem with the integration of encrypted currencies in the African market. Despite the great potential of what blockchain technology could do, many African laws continue to pass arbitrary laws on the use of cryptocurrencies. The cause? Probably for monetary policy reasons? We don't know for sure! But one sentence struck me while reading the articles of these analysts is that "the world is not yet really ready for a global use cryptocurrencies" . Obvious or not? Only the future can confirm it!