Crytpo continent — an African snapshot ByAlex LielacherPRO INVESTOR Updated: 02 September 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage When the bitcoin ecosystem began to take shape, one of its first “killer apps” was supposed to be its ability to provide banking services and low-cost remittances to regions of Africa poorly served by the traditional banking sector. Due to bitcoin’s relatively high transaction fees, however, and the lack of exchange liquidity to convert bitcoin into local fiat currency, personal remittances using bitcoin have proven to be more expensive than existing services like WorldRemit — and using bitcoin for personal payments makes little sense for most Africans. Join Our Telegram channel to stay up to date on breaking news coverage