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10 Reasons Why Africa Will Set the Pace for Bitcoin Adoption

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bitcoin adoption

As it stands at the moment, Africa is lagging behind the rest of the world when it comes to the adoption of Bitcoin and other cryptocurrencies.

While the term “Bitcoin” is one of Africa’s most searched terms, the continent’s interest in the currency is not translating into real-life use, and there are a variety of reasons why this is the case.

But crypto experts are noticing something that could change this current start of cryptocurrency and there are even some economists who are predicting that these currencies will be the next big economic innovation that will have a positive disruptive influence.

And the many advantages that the average African will experience are the exact reason why the widespread adoption of Bitcoin is a likely reality.

Open a Free Bitcoin Wallet here!

1. Pegged against the dollar

Even the strongest currencies in Africa struggle against the US dollar, the primary currency in which Bitcoin is traded. The Rand, in particular, is struggling more than ever, depreciating as the country tries to solve its current economic woes by simply creating more. Many Africans are looking for a way to add more value to their money and by converting cash into cryptocurrency, or by taking the extra step and mining it themselves, they can do just that. View Bitcoin Price to Rand.

2. Instant payment between people

Awaiting payment slows down businesses and often some of the biggest banks on the continent have a delayed payment protocol while they do offer instant payment at an additional cost. Instant payment benefits both the payer and the payee and with cryptocurrency, this aspect is greatly beneficial to e-commerce in particular, which in emerging economies can go a long way towards encouraging entrepreneurship.

3. Secure encrypted wallets

More than 2 million people already have a secure Bitcoin wallet, which means there are already 2 million people ready to trade. Unlike the risks involved with cash and card transactions, not to mention the limiting geographical distances associated with these kinds of transactions, Bitcoin and other cryptocurrencies are safe to transact with and cannot be stolen or lost.  

4. Bitcoin is fast becoming a part of many stock and wealth portfolios

Bitcoin and similar currencies are being used by all kinds of traders to diversify their portfolios and in most cases, they are enjoying a fairly good return on their investments. For many traders, Bitcoin has become an investment alternative as it generally does pretty well and despite a few bumps over the years, it generally remains profitable. Global Stocks hasn’t outperformed bitcoin in 10 years.

5. Africa already uses instant mobile payments

Africans are no strangers to mobile currencies, which are just one step away from cryptocurrencies. Zimbabweans use EcoCash for just about all of their payment needs, continuing to buy and sell even though the country’s currency has collapsed. The framework is for the most part already in place for cryptocurrency to swoop in and make its mark.  

6. Bitcoin is down 60% from its all-time high price

This means that there has possibly never been a more affordable time for Africans to invest in Bitcoin. Since past trends have shown that Bitcoin normally picks up again, and despite what the naysayers believe, the currency shows no sign of disappearing completely or becoming financially unviable, any time soon.

7. Supply and demand

Unlike other currencies that tend to supply a nearly limitless amount of notes and coins, Bitcoin is governed by a supply and demand set up. There are only 21 million Bitcoins in existence and so demand has the power to drive up the currency value, especially when those with Bitcoin hold onto their money.

8. Crypto is becoming mainstream with Bitcoin in the forefront

Although not everyone knows or understands the complexities of these currencies, if you were to ask anyone what cryptocurrency is, their answer is likely to be Bitcoin. This is because Bitcoin has become the name synonymous with cryptocurrencies of all kinds and when people hear that there is money to be made, they take an interest.

9. Bitcoin is decentralised and not governed by any government institution.

This is arguably one of the most appealing things about Bitcoin. A decentralised currency of this kind protects users from bank collapses, bank fees and various bank policies that affect the value of their currency or determine how and to whom they may make transactions. A decentralised currency is also untouched by geographical borders and will enjoy cheaper international transactions. This type of currency is also unaffected by both inflation and deflation because it doesn’t belong to one single country.

10. Bitcoin is unaffected by global recessions

The global economy is on the brink of collapse as a massive amount of debt and economic downturn characterise many economies. And numerous economists are expecting a crash bigger than that of 2008 to come sooner rather than later. Centralised currencies are certainly in the firing line when this happens, but the decentralised cryptocurrencies are at the moment the safest option for anyone wanting to protect their wealth.

Africans can open a FREE Bitcoin wallet here!

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

Press Releases

Bitpunter.io Lists Licensed Bitcoin Casino and Betting Sites

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Bitpunter

Bitpunter.io is happy to announce the launch of our brand new Bitcoin Betting and Casino guide. Bitpunter.io has more than 40 Bitcoin Casino and Betting site reviews. All the listed sites are licensed and offer provably fair casino games. Crypto and Bitcoin owners like to have a Provably Fair gaming platform. Now they can enjoy their Fair games at licensed operators as well. We aim to list only the Provably Fair casino and Bitcoin betting sites with gaming licenses. 

All the listed Bitcoin Casino and Betting sites are: 

  1. Licensed in Curacao 
  2. Offers Bonuses in BTC 
  3. Has BTC as an account currency 
  4. Offers games from top providers like NetEnt, Evolution, and Ezugi or offers provably fair games
  5. Available to play from all over the World

BitPunterBitpunter.io gives you the best and most secure options to bet and gamble with your beloved Bitcoins. Betting and gambling with Bitcoin gives you great advantages such as anonymity and security. Our aim is to provide the best reviews of Bitcoin Casino and Bitcoin Betting sites and make your gambling experience as smooth as possible. We only list licensed Bitcoin Casino Sites with great bonuses and customer service. You can read our Casino Reviews and check out the games and bonuses they offer.

This way you will be able to have a comprehensive look on the Bitcoin gambling sector and decide where to use your Bitcoins for casino games and sports betting.

Bitpunter does Bitcoin Casino Site ratings according to 4 different criteria:

  1. 🔒  Trust & Fairness: The most important thing about a Bitcoin Casino Site is to know if you can trust the house. The first criteria here is the existence of Provably Fair games where you can be sure about the fairness of the game outcomes. We also rank more classical Bitcoin Casino Sites highly if they offer casino games from trusted providers like NetEnt, Microgaming, Evolution Gaming, and Ezugi. The second criterion about Trust is knowing that you will be able to withdraw your winnings. This is mostly about the casino site’s license as the licensing authorities is supposed to prevent the player funds and make sure they get paid out. We mostly prefer Curacao-based casinos.
  2. 🎰  Odds & Games: When it comes to the availability of a wide range of games, we take into account the Bitcoin Casinos working with top casino game providers. They are able to provide 100s of live and slots games with their deals. If we are ranking a Provably Fair casino site we know that the games are most probably made in-house. We allow those casinos to have simpler designs and still get good ratings. A Provably Fair casino site is respected if they have more than 5 games but there are still very good casinos like Wolf.bet with only 3 games or Primedice with only 1 game of Dice. When it comes to sports betting sites we make sure that they offer decent odds and bet types.
  3. 💰  Bonuses & Promotions: Our criteria are different for classical Bitcoin Casino Sites and Provably Fair Casino Sites. When it comes to classical Bitcoin Casino Sites, we expect them to give away hefty sign-up bonuses even tough it is supposed to be wagered 40 times. 40 times wagering is considered a fair amount of wagering as these sites are casinos not charities. When it comes to Provably Fair Casino Sites we do not expect them to give away juicy bonuses as they work on very low house margins like 1%. We focus on promotions, hourly-daily-weekly-monthly tournaments and give aways. Loyalty bonuses and cashback offers become more important at Provably Fair casinos.
  4.   Customer Support: Offering customer support was almost unthinkable when the first Bitcoin Dice and Bitcoin Casino sites started. They usually came with on-site chat sections where users had to communicate with each other and hope for solutions. Thanks to the increasing demands of crypto gamblers and higher competition in the market, we are now able to get proper Customer Support with proper tools like Live Chat and Email. We take getting good customer support and showing respect to the users very seriously. We also take a look at the BitcoinTalk forum where we check how the operators respond to fellow gamblers and how likely they are to solve their problems.

Mission of Bitpunter.io

Our aim is to provide up-to-date information on all licensed Bitcoin Betting and Bitcoin Casino sites. I know that those Bitcoins are very valuable for every HODLer and we want to be sure about the safety of our funds when we bet or gamble with them. That is why I have gathered all the licensed Bitcoin Gambling sites and reviewed them for you. You can find both the Pros and Cons of every reviewed site and make your own calculated decisions. You can contact us through our website Bitpunter.io if you have any questions:

https://bitpunter.io/

You can also follow us on Twitter for the latest Bitcoin casino bonuses: https://twitter.com/Bitpunterio

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Press Releases

Keep It Regal – Enter the Royal Roulette!

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Royal Roulette

The sound of cards whirring in the hands of live dealers, bells going off at multiple slot machines, bets being whispered in hushed voices, levers being pulled in all corners of the room producing a racketing noise, and doors are constantly spinning as people enter and leave. That’s right: you’ve found your way at one of the most timeless, classic, and iconic casinos in this part of town.

You’ve come at the perfect time. We have an incredible tournament going on!

Welcome to the Royal Roulette! Where the jingling of quarters and clicking of the roulette wheel can be heard all day, all night, throughout the entire month.

Spin the wheel and play the night away at the Royal Roulette

1xBitThe Royal Roulette attracts all betting players – both young and old, high-stake and low-stake, beginners and experts, as they compete against each other for the ultimate prize of 250 mBTC. They travel far through land and sea to put their money where their mouth is and join in on the thrill and good old-fashioned adrenaline rush by indulging in the games at the Royal Roulette. All players are invited to play at the following 1xBit live casino tables:

  • Pragmatic Play Live Casino
  • Vivo Gaming
  • Evolution Gaming

Think you have what it takes? Then hop on over to 1xBit and take part in the Royal Roulette!

Take a guess! Your bet is as good as ours when it comes to the Royal Roulette

1xbit

At 1xBit, it is all about skill and strategy. If you want to win big at the Royal Roulette, then you need to be patient, act like royalty, and observe other players before making your move. Remember that haste is waste! Think carefully before you can wager on the outcome and lay down the odds.

That’s all there is to the Royal Roulette! If you should find yourself lucky enough to play with the best, then a prize worthy of a king awaits you!

The prize distribution is as follows:

  • 1st place – 250 mBTC
  • 2nd place – 100 mBTC
  • 3rd place – 50 mBTC
  • 4th – 6th place – 20 mBTC
  • 7th – 10th place – 10 mBTC

All players are informed that the event starts on 26th February 2021 and goes on until 25th March 2021. You have a whole month to play and fulfill your heart’s desire.

What are you waiting for? Join the Royal Roulette and win like royalty at 1xBit!

Enter the World of Online Gambling – Why Choose 1xBit?

You get to play from 200+ live casino games:

Live Baccarat, Live Blackjack, Live Jackpot, Live Poker, Live Roulette, Live Sic Bo, Live Monopoly, Live Over/Under, Live Deal or no deal, and Live Dice transactions!

Here are the benefits you get to enjoy at 1xBit:    

  • Welcoming bonus. All newcomers can claim a 7 BTC welcome bonus for the first 4 deposits. All the more reason to join!
  • VIP cashback. Didn’t win? No problem! You can still count on the 1xBit casino cashback that can go up till 11%. Sounds exciting, doesn’t it?
  • Multi-currency account. Enjoy a multi-currency account! Whether you have Ethereum (ETH) or Bitcoin Cash, you will appreciate that we support 20+ currencies.
  • Anonymous casino. You do not have to input any private or personal information to get started on 1xBit. Enjoy 100% anonymity as you enjoy your favorite games.
  • Instant payouts. You don’t have to worry about waiting around to have your money on you. Our payouts are instantaneous.

You deserve to be treated like royalty. That is exactly what we offer at 1xBit. Join today!

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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Press Releases

Bitcoin Gambling/Gaming Guide Provides GOSU Bitcoin Casino Reviews

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BTCGOSU

February 15, 2021 – BTCGOSU, an independent guide to Bitcoin Casinos, provides detailed reviews of online casinos and gambling sites. All reviews include valuable, honest information with insights from real players, that are updated regularly.

“Our goal is to enable you to enjoy Bitcoin gaming while remaining confident that you’re dealing with casinos that operate with integrity,” said a spokesperson for the site. Those interested in gambling online with Bitcoin or other cryptocurrencies can find starred ratings, promotions, overviews, and full write-ups that explain how each reviewed online casino works. Insights into variables such as VIP programs, deposits/withdrawals, customer service, and security are analyzed and tested in detail as well.

BTCGOSUBTCGOSU includes the world’s largest third-party Provably Fair Verifier, a technology that enables players to verify bets and ensure they are not manipulated. Reviews specific to Bitcoin casino slots and games such as Dice, Crash, and Plinko are also provided. A section on the latest GOSU Bitcoin game reviews is included on the website, as is a section exploring the advantages of Bitcoin gambling.

In addition, you can also find News, promotions, and guides on the site. This provides visitors the chance to find out the latest happenings with some prominent Bitcoin gambling sites and learn more about popular games such as Poker. BTCGOSU promotes only fair and reliable gambling sites; it is designed to provide unbiased, honest reviews of online Bitcoin casinos.

On top of that, visitors can use the site’s Casino Comparer, Provably Fair Verifier, and take advantage of BTCGOSU’s unique Disputes & Mediation service and Deposit Guarantee. They can also navigate to locate reviews specifically focused on the casinos themselves, bonus types, and games. The BTCGOSU comes from a prominent user of bitcointalk.org, where a complete Announcement Thread (ANN) for this crypto gambling website can be found.

For more information about BTCGOSU, and to read complete reviews written by actual players who contribute to our listings, go to www.btcgosu.com.

Learn more:

Website: https://www.btcgosu.com/

Twitter: https://twitter.com/BTCGOSU

Facebook: https://www.facebook.com/BTCGOSU

Telegram: https://t.me/btcgosu 

Media Contact: admin@btcgosu.com 

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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