I have been running away form any conversation that has Bitcoin or Cryptocurrencies. Largely because in Africa, Zimbabwe to be specific they have largely been "ponzi" schemes that have left many families in poverty. The unavailability of proper information and education on crypto investments still remains a topic stirring mixed emotions within the continent.
In tough times the world finds itself in, there have been many ways that our friends and family have suggested to us in trying to cushion the economic slump. There are so many suggestions that have been thrown around but the most topical these days has been Cryptocurrency investments because they remove the hard physical work involved in the common ones like chicken rearing, owning a small Spaza shop, etc.
The risks of investing in money schemes and investments, though they remain high, have been well sort after by many Africans. Despite earning less compared to counterparts in other continents, they have been convinced that these schemes can take them out of their poverty.
In my quest to find out if indeed Cryptocurrency investments could indeed a gateway of economic recovery for Africa, I sought the help of an Affiliate Manager, Talent Chikwasha who manages his company's (Deriv) partners and oversea operations in Zimbabwe, South Africa,Zambia, Botswana Namibia and Tanzania to find out how Cryptocurrencies originated and are going.
Click the cover the below to be directed to the podcast.
