Across Africa, millions of people work hard every day to make ends meet, yet they remain trapped by slow payments, high fees, and currency devaluation. At Bitwriters, we believe that Bitcoin can provide a powerful lever for financial empowerment when used with education and purpose.
Here’s why we place our bet on Bitcoin and how it puts that into action for youth, women, people living with disabilities (PWDs), and underserved communities in Africa.
Bitcoin Makes Cross-border Payments Fast and Easy
For many Africans, getting paid across borders is slow, expensive, and comes with a lot of uncertainty. Banks take days and charge large fees, which translate to missed opportunities and unmet needs for freelancers, merchants, and families who rely on cross-border support. Bitcoin and especially the Lightning Network enable near-instant, low-cost payments across the globe.
Bitcoin Protects the Value of Work
Inflation and currency instability can erode savings and make long-term planning nearly impossible. Bitcoin presents an alternative store of value that can be useful to many Africans to preserve their wealth over time. Historical data have shown that people who save a portion of their earnings in Bitcoin have increased the value of their work over multi-year periods by having more money as proof of work.
Bitcoin Offers Financial Inclusion without Permission
Banks and formal financial systems leave many people outside by design: documentation demands, branch locations, and minimum balances shut out rural communities, women in restrictive households, and PWDs face mobility or accessibility barriers. Bitcoin requires no bank account and no permission. Anyone with a phone can hold, receive, and send funds.
Bitcoin Enables Micro Payments for Small Business Growth
High payment processing fees make microtransactions impractical on legacy rails. Locking African entrepreneurs and content creators who depend on small, frequent payments to make ends meet out of the global market. The Bitcoin Lightning Network supports micro payments across the globe, making it ideal to facilitate payments for pay-per-article, micro-tipping for content creators, tiny paywalls for local services, and efficient cross-border supplier payments for small exporters.
At Bitwriters, we’re building responsible products and services with Bitcoin to improve the lives of the African youths, women, and PWDs.
