The cryptocurrency industry continues to grow, yet approaches to implementing technology in Africa often prove ineffective. Many projects promise financial inclusion but often fail to meet their goals.
The Illusion of Inclusion
Many crypto projects view Africa as a single user group, ignoring unique needs and contexts. They launch ready-made products without acknowledging the deeper issues that need to be addressed.
The Infrastructure Blind Spot
The main issue isn't a lack of intent, but a lack of understanding. Crypto firms often overlook factors like smartphone access, electricity stability, and high communication costs. Africa needs to support local developers who contribute to solving these problems.
What Africa Actually Needs
Africa needs not more wallets or protocols, but capital that accounts for cultural aspects and needs. Working with local talent and existing projects is essential for effective solutions.
Rather than imposing their solutions, the crypto industry must respect and support local solutions in Africa. Only then can sustainable technological development be achieved.
