Bitcoin adoption implies that it will be accepted as sound money all over the world. A truly decentralized asset that can be used to securely transfer and store value. Africa is lagging behind in terms of achieving this goal due to a lack of regulation, a lack of trust, major regulatory bodies banning digital currencies, and a lack of cryptocurrency education.
GABORONE, BOTSWANA – SEPTEMBER 22: Unidentified students study in the state of the art library at … [+]
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In Africa, there is no established framework for cryptocurrency education. However, a few key players have been observed to have a significant impact in raising Bitcoin awareness and understanding. This includes everything from foundations to cryptocurrency exchanges, individuals, and private companies.
Africans primarily use social media sites such as Twitter, YouTube, Facebook, TikTok, and Instagram to learn about Bitcoin and other cryptocurrencies. They also obtain information from books, blog articles, and exchange resources provided by industry leaders such as Binance, Paxful, Luno, and Coinbase. The majority of African media companies do not promote Bitcoin and cryptocurrencies for fear of repercussions from their regulators, as well as bans and embargoes imposed by central banks.
Looking at a longer term view, some organizations are building schools while others are developing learning materials for schools. One notable leader in this is Yusuf Nessary, co-founder and director of
