Low level of crypto and blockchain adoption in Africa forced me to write a book – Interview Bitcoin News

Blockchain and crypto enthusiasts have for years preached about the much-anticipated mass adoption of this fintech and why this is an important goal that must be achieved sooner rather than later. However, many factors such as ignorance, lack of information and poor telecommunications infrastructure have made it difficult to achieve this goal.

A book of “immeasurable” significance

In Africa, where supporters of cryptocurrencies believe the technology has a greater chance of success, the task of convincing the continent’s inhabitants is made even more difficult by fraudsters. The number of people losing money on crypto fraud is still very high, and this counteracts adoption efforts.

To overcome this challenge, a Namibian teacher and author, Gurvy Kavei, decided to publish a book that shares what he has learned. Kavei, who is also a supervisor at the University of Namibia, told Bitcoin.com News that he expects the book to help practitioners, decision makers, as well as teachers like himself, become familiar with the basics of technology.

In addition to sharing his reasons for publishing the book, Kavei explained to Bitcoin.com News in written answers why he believes education is the key. Below, Kavei’s answers to questions are sent to him via Whatsapp.

Bitcoin.com News (BCN): What made you decide to write this book?

Gurvy Kavei (GK): I’m an educator. With the low level of crypto- and blockchain adoptions in Africa and Namibia in particular, it becomes a duty of care to create and share knowledge with future generations of many hopeful digital economies. So this is to help those who want to help themselves in the crypto / blockchain area. New economy is no longer about monopoly accumulation of wealth, but about shared prosperity. So I decided to write this book to share the wealth of both wealth and knowledge.

BCN: How important is this book or another book that seeks to raise public awareness of bitcoin and the blockchain?

GK: The significance of this book is immense. It covers almost 360 degrees of the entire cryptoecology. It outlines the scope of the fourth industrial revolution and how it connects to blockchain technology. The book also takes a deep dive into crypto mining and crypto trading. The third and most important aspects the book covers are the geographical footprints, regulatory permutations and fintech enablers that enable practitioners and entrepreneurs to lay a solid hand on the new digital economy. So this book is useful for practitioners, decision makers as well as teachers.

BCN: What is your assessment of the interest in cryptocurrencies in Namibia?

GK: Interest is growing gradually and almost everywhere. Five years ago, the crypto area could only be characterized by isolated pockets of multi-level marketing Bitcoin mining networks now and then. Although most of these such as Bitclub Network, Mining City or Crowd1 have had their inherent structural flaws, crypto-entrepreneurship is still alive with new players entering cryptoecology in different ways and for different reasons.

With a large number of young entrepreneurs entering this area, cryptocurrency trading is a special niche where young people find answers to the uncontrolled (30%) unemployment and a solution to improve their own livelihood. Others such as the Digital Wealth Economy of Namibia now run Crypto Automated Machine (ATMs) where you can buy or sell crypto in Windhoek.

This trend grows in size and space over time. With increased training in the use of Web3, AI and other coding practices, young people are now hatching new solutions in the fintech area. Other Blockchain derivative solutions are emerging. I and other Blockchain enthusiasts have designed blockchain solutions for public and private businesses to solve many problems, including land and property registrations, Identity Management. On the academic and research front, my new book and others planned for the future are indications of how Namibia’s interest in crypto is changing.

Finally, the Bank of Namibia has officially expressed interest in having intentions to explore the possibilities of launching a central bank digital currency (CBDC) anytime soon. All of these things have enticed the University of Namibia to be the first high school institution to consider introducing academic programs in blockchain technology.

BCN: Are you able to give us any preliminary results or feedback about your book since it was launched?

GK: Since its launch, some new opportunities have begun to emerge. First, the number of orders from individuals has begun to pick up. Three higher education institutions have also considered using the book in training on the blockchain. These include the University of Namibia and the Digital Wealth Academy, while others are on the horizon.

While the number of book sales at international distributors such as Grin Verlag, Lehmanns Media, Barnes and Noble Store and Amazon Books is increasing, efforts are being made to secure local distribution rights in Namibia and a few other African countries where there is a need for crypto / blockchain education. Two projects on the development of blockchain solutions in insurance and property registration have started in full in Namibia since the book launch. It is believed that this is not the end. There will be many more to follow.

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and author. He has written extensively on the economic problems in some African countries, as well as how digital currencies can give Africans an escape route.