Africa and its banking sector have always had its issues. Infrastructure for brick and mortar banks struggle due to the remote nature of the continent, but mass adoption of cryptocurrency could see many marginalized people empowered through digital currency.
Cryptocurrency is being hailed in the developed world as the next step in money, but it is locked in a fight with a well established and powerful financial sector. In the developing world, however, that sector is broken and ripe for mutiny.
Traditional banking sectors have been implemented across the African continent in the same mould as in the developed European banks due to colonization. However, Africa’s infrastructure and inner workings do not make this system efficient in any way.
Thus, banks have been forced upon Africans as a necessity; however, they are difficult to use and unsuited to the continent.
Full story at http://bit.ly/2hYBPUR
Source: CoinTelegraph
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