14min chapter

Crypto Voices cover image

Josef Tětek: Trezor Academy

Crypto Voices

CHAPTER

Promoting Bitcoin Adoption and Financial Literacy in Africa

The chapter explores advocating for focusing solely on Bitcoin to protect individuals from volatile alternative coins, while acknowledging stablecoins' utility in Africa. It discusses financial and digital literacy, emphasizing the importance of saving in sound money like Bitcoin due to unstable national currencies, and the accessibility of smartphones for digital payments in areas with limited access to traditional banking. The chapter also touches on projects like Machankura enabling Lightning payments on feature phones, leading to increased Bitcoin adoption in South Africa and addressing security concerns around carrying cash.

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