In Africa, we are very limited with what you can do with the money in your bank account because banks are restricting and limiting the use of debit/credit cards online and they are having trouble keeping their accounts liquid enough to allow customers to do international transfers. In fact, in most Africa countires, even the government has trouble sending money outside the country sometimes. Nigeria is almost in a similar situation where capital controls imposed by the Central Bank are making it difficult for locals to do business across the border.
Bitcoin was the first cryptocurrency and it was designed to solve a specific problem: allowing online payments to be sent directly from person to person without going through a financial institution. Bitcoin has become one the major cryptocurrency use to buy goods and service many MLM companies coming are using crytocurency for their product and services.
However, bitcoin is not the only player in the game. There are hundreds of other cryptocurrencies that work in a way that is similar to or was inspired by bitcoin and each of these cryptocurrencies solve a very specific problem for either a specific market or a multi-sided market.
One of them is STEEMIT, steemit has proven to be the next Bitcoin Altcoin in Africa, and Africa can take the lead and makes it one of the acceptable cryptocurreny in Africa.
