So as you soon giving up on cryptocurrencies altogether, another exciting thing happens.
The cryptocurrency craze still continues to sweep the land of africa. Many companies and individuals have made money out of selling and buying these virtual currencies.
So like in africa at large, Uganda stands at par, with young professionals embracing and squeezing out each opportunity from what the blockchain world can offer.
Here is Bagorogo Richard, a proffessional young teacher in uganda.
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So at one of the conferences, Bagorogo opens up.
What I have earned in one-and-a-half years from bitcoin is more than I earned in 10 years as a teacher. I am living on bitcoin because getting a job in this country is not easy.
So Bagorogo after being unable to enroll his kids to learning institutions bitcoin became one of the sources of income for him to make it happen.
Suprisingly he was able to pull it off with.
Literally as he said, it wouldn't have been possible by just holding bitcoins.
His all situation changed when he started to to trade on P2P finance exchanges. Closing up to Paxful what most people use.
Interesting enough, he hadn't alot going on for him before, until being a part of paxful.
Owning a smartphone, buying internet was all he ever needed.
His was able to take his children to school and help his father medical wise.
Inflation, when we hold worthless papers in Africa
I believe we have all witnessed this happen.
What most young professionals are noticing is the change in the economic situation by getting a far more promosing route than the worthless papers that we do hold in banks.
Every time most Uganda steemians withdraw some cash from steemit they realize how the Uganda shillings lost value from a long time ago.
Holding some is so a nice a idea to, some countries like Zimbabwe before the ban due to some corrupt systems, many youths had given up on the Zimbabwean currency due to the ridiculously annoying inflation that happened over the years till now, the pull up wasn't even that dramatic to cause a real change in the currency of this country.
So before we all know it.
Most of us would have already decided to drop the cheap ways of handling our money.
It may not be easy for the start.
Hearing that someone traded Bitcoin for a living can be an inspiration but may be your calling is different in the cryptocurrency world.
Nevertheless, i guess this is the right time for any of us to learn more about these virtual currencies.
It's another step of civilization in the human kind.
