Take me as an example
When i was 10 years old ( 1996 ) my mother gave me 100 SP ( Sudanese Pound ) , I got good marks at school so that was my reward , i lived that summer holiday as a king buying daily and most time giving as same as what I purchase to my friends , in daily bases , i can't tell you accurately how match that worth now , but am sure it is above 100$ , back then roughly 1 SP = 1 USD .
Today after 20 years 1 $ = 15000 SP , WWWTF , Yes that number is totally correct .
in spite of that Sudanese government change the name of currency to Dinar witch worth 1000 SP , then they get back to SP recently ( making 1SD = 1SP ) but people still use the old price of SP . imagine how much fiat money you should take to eat in a fancy restaurant or buy a fancy phone , sure you cant carry it a lone .
Inflation is killing Africa
Obviously from the example i mentioned upove you can take a good grasp and sense about current situation in Africa , fiat money loosing value every day and people cant do anything about it .
I think the inflation cause in most Africa :
1 - No strong economy or solid source to give a real value to the fiat money .
2 – people lost the faith in money , although it is forbidden to hold hard currency ( USD – EUR - GBP) in some African country , many people do it to protect their saving .
3 – Greedy government always print new money witch automatically take a big bite of value from distributed money ( unfair ) .
Take a look at List of countries by inflation rate according to wikipedia , this is the bottom of the list most African country ( with red dot )
So tell me if you in Africa with this situation would you hold your saving in local centrally controlled currency or decentralized cryptocurrency ?
you don't need to be super smart to go crypto