One thing about some Africans is that some of them wrongly tailor their accessibility, looking and spending internet time in the wrong place and things, thereby missing out on the opportunities that the 21st-century internet offers.
For example, Nigeria has a high rate of internet users, mostly Web2 applications.
The amount of money some people spend on internet time (in Nigeria) forms a huge part of their net worth when calculated overtime. spending meaningful income to gain access to WhatsApp, Instagram, and mainly Facebook.
A social slave?
I can't say, maybe too extreme?
Some people spend their screen time on these apps, using over 90% of their internet access to browse these applications. I must tell you that access to web2 applications means exposure to a myriad of information.
I mean, we mostly transcend from Web2 to web3, but a lot of people are not actually exploring the internet, they're vested in the social aspect, staying there for more than 50% of their lives.
I know people who could tell you all the trending issues, from celebrity news to sports and it's amazing how these people have the tools to access unlimited information but choose to be limited to web2 apps alone.
Web2 is the definition of limitation
Here's the thing
So one of the reasons why people are not really aware of crypto is because of their inability to consciously seek information that might tilt their finances differently.
This isn't to say some people aren't hustlers, they are, but crypto is a whole new wild wild west to them and therefore deemed too hard to understand.
People would prefer the simplicity of Ponzi scheme: invest $100 and get 70% ROI weekly not minding that ventures like this scream SCAM!
Almost everyone young person in Nigeria has read about crypto. Let's forget about the older generation, it's either 9-to-5 to them or nothing.
The older generation might never transcend to the change that's currently happening
So if crypto is going to saturate, the older generation has nothing to do to help because it's difficult to get them to come to terms and accept the idea that the sophistication of the internet has gotten so robust that it can now create life-changing opportunities.
In a nutshell, almost everyone between the age of 19 to 40 has heard about crypto here in Nigeria.
inasmuch as I might make the excuse that there aren't enough crypto outlets in Africa, I do believe that people are waiting to be spoon-fed, cajoled, and pampered to see the light, but sadly this wouldn't happen anytime soon.
The Difficulty Phrase Is Always Overemphasized
So the idea that crypto is too sophisticated and difficult is crazy because there are so many Nigerians who have defied the odds to master so many programming languages and go on to earn thousands of dollars while doing coding gigs.
In fact, it might surprise you to know that the influx of people going into tech in Nigeria is astonishing.
This is because five years ago, tech was touted to become of of the biggest money-making venture in Nigeria.
The industry of tech is now saturated, and we now have more programmers than actual programming gigs, but still, crypto has not gained that massive acceptance just like programming has.
Time Settles Everything
I still believe that this is because of the idea that crypto is too complex. One of the most amazing things about crypto is that expansion and more adoption means more value, the space is virtually big enough (pun intended).
while a lot of things will become saturated and lose the value that comes will further traction, crypto wouldn't. It is the 21st century and the sophistication of technology that is making it possible for people to build doors for themselves rather than wait for already-built doors that they can open.
On the flip side, I think the crypto innovation will happen massively in many industries in Nigeria, but being an early adopter comes with multiple advantages.
Interested in some more of my works?
Reviewing A $400 Samsung Galaxy A72 (photos Included)
Hive's Scalability & The Compromise Of Commitments
Money: The Consequences Of Making The Right & Wrong Decisions
The Nigerian Economy: Monopolizing Incompetence
The Experiential Process of Understanding Money
A Case Of Theft On Hive: Here's Why Some People Choose Scam.
