It is true that in Africa, the growth of the crypto sector is hampered by the general distrust of new technologies. Additionally, scams and government bans prevent better adoption of digital assets. But it must be recognized that there are multiple advantages to using cryptocurrencies. Discover 3 good reasons why women in Africa should own digital assets.
Take advantage of the convenience offered by cryptos
According to a publication Twitter from Forbes Crypto, October 12, there are several reasons why women in Africa should invest in cryptos. One of them is that crypto services allow large transactions to be made with ease. Thanks to cryptocurrencies, women in Africa will be able to transfer large sums of money, with no limit on the amount. In addition, transaction fees are marginal compared to the 3% to 20% charged for conventional financial services.
In addition, the transfer of money by crypto services is very fast. No need to wait several weeks before sending funds to Africa or to send them outside. Cryptocurrencies will facilitate cross-border trade in a very significant way in Africa. They will make it possible to pay for products and services in a few clicks, without having to handle large sums of cash.
Being able to control your finances and gain financial security
Certainly, many efforts are being made for the empowerment of women around the world. But many women in Africa fail to be self-sufficient, partly because their cultures recommend men to control all finances. In this context, women in Africa sometimes have difficulty obtaining credit. In some cases, this is because they do not own land.
Several other types of guarantees are requested, which women cannot always provide. In comparison, crypto services allow make loans with very little means. Moreover, several women have managed to acquire financial security by investing in cryptocurrencies, despite the scams.
Maintaining privacy while having access to financial services
Consumers usually have to provide a plethora of personal information before accessing traditional financial services products. Yet he is very easy to access financial services via crypto platformswithout providing personal information.
Very often, all you need is an email address to be able to set up a cryptocurrency wallet. Setup takes less than five minutes. Once it is completed, the consumer has access to any crypto services of their choice.
Crypto transactions are simple, fast and secure. They are carried out in complete confidentiality, with guaranteed traceability. For all these reasons, and many more, the women in africa have every interest in getting into the crypto sector.
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