"ANALYSIS SHOWS: Bitcoin acceptance and educational ventures in Africa show promise, but the majority fail to translate into genuine adoption"
In the rapidly evolving world of Bitcoin and cryptocurrency, Africa is making significant strides, but the journey is far from over. As the African Bitcoin and crypto space continues to grow, the need for honest, hardworking educators and builders who truly understand their communities and can deliver on Bitcoin's promise of financial freedom, inclusion, and empowerment becomes increasingly important.
One such advocate is Anita Posch, a Bitcoin educator who has been actively involved in the African Bitcoin scene. She emphasizes the importance of demonstrating commitment through sustained, unpaid work to gain the respect and trust of others in taking Bitcoin initiatives in Africa seriously.
Posch provides examples of Proof of Work in Bitcoin initiatives. Currently, there are over 150 Bitcoin adoption and education initiatives across Africa. However, she notes that while adoption is increasing, few initiatives lead to actual adoption. Social media often paints a picture of Bitcoin success in Africa that is far removed from reality, with many initiatives intended to attract funding from abroad.
Merchants, too, are quick to abandon Bitcoin when customers do not spend it due to app updates, key security, and volatility. Successful Bitcoin initiatives in Africa should demonstrate proof of work, such as showing a minimum viable version, prototype, and clear answers to questions about issues being solved, sustainability, and budget.
Posch also highlights the need for critical thinkers and builders who understand Bitcoin deeply to defend its features. She encourages creators to focus on real user needs, building solutions for local problems, and adopting innovative approaches. Initiatives such as 'orange-pilling' taxi drivers and taking photos with merchants who accept Bitcoin are not considered education or adoption.
The choice, as Posch sees it, is between being a copycat or creating real change. Grant applications for Bitcoin projects are closely reviewed by funding organizations, making it crucial for initiatives to demonstrate their value and potential for impact.
Recent Bitcoin initiatives in Africa, particularly in Nigeria and South Africa, have led to significant crypto adoption, mainly through the use of stablecoins rather than Bitcoin itself. Stablecoins accounted for 43% of crypto transactions in sub-Saharan Africa in 2024, driving business payments, cross-border settlements, and protection against currency volatility. These countries lead in trading volumes and peer-to-peer transactions due to progressive regulations and active engagement, though Bitcoin remains less widely used than stablecoins in many business and remittance contexts.
To stay updated on the latest developments in the African Bitcoin and crypto space, Posch encourages everyone to join the WhatsApp channel, follow X for the latest posts and updates, and interact with the Telegram community. Her advice is meant to spark conversation, challenge assumptions, and encourage creators to focus on real user needs. The future of Bitcoin in Africa is bright, but it requires hard work, innovation, and a commitment to making a real difference.
