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Originally Posted by karl262
This is all great for functioning G7 banks. Talk to someone about basically any other banking system and then tell me crypto doesn't have a purpose in the world today. I've spoken to Nigerians and heard some stories...
Africa will be where we first see mass adoption of blockchain for day to day life. It's not just money, it's so much more. Lex Friedman did a podcast with Charles Hoskinson recently, if you find yourself questioning why this tech is so revolutionary and want to challenge your beliefs give it a listen.
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But it is just money, and you dont need blockchain to provide banking for Africa, what you are likely to see is a multi national digital banking system using US dollars, my guess is some form of 1st National Bank of Africa, I would agree Bitcoin will no doubt point the way to both the need and the market but standard safe regulated digital banking with some form of loan facility is where the market will develop and it will use US or Euro or Yuan