The issue
Cryptocurrency and blockchain technology have not seen an even global adoption. Certain regions, such as Asia, both eastern and western Europe, and North America, have seen widespread adoption whereas the rest of the global south has not adopted blockchain or cryptocurrency to the same degree. These regions, and in particular the African continent, are missing out on the huge opportunity that cryptocurrency presents for wealth building and supporting new and better technologies.
There are multiple roadblocks to African participation in cryptocurrency. The first reason is a lack of publicity and knowledge around cryptocurrency. There is less literature written in local languages and fewer people are aware of this technology.
Sadly, even for those who are aware it is difficult to get involved. That brings us to the second issue, frequent difficulty with exchanging local fiat currencies for crypto. Many of the largest exchanges do not accept African fiat currencies and some do not even allow registration for citizens of many African nations. This lack of knowledge and lack of access combines to form an almost insurmountable barrier for many. While some small marketplaces have sprung up to attempt to increase access and allow a venue for African fiat to be traded, they do not yet provide the scale or level of security and convertibility that this market needs to be fully integrated into the cryptocurrency trading world.
This continent needs information and access, on a large scale and immediately and that is exactly what Bolenum aims to provide.
Bolenum
