Another week, another crypto coin documentary… Although Banking on Africa: The Bitcoin Revolution, released on May 22, promises something a little different.
For starters, amidst the usual fees of crypto-101 and the industry, a focus on how Bitcoin and cryptomontages are transforming the African continent feels like a breath of fresh air. After all, wasn’t „banking the unbanked“ one of the noblest uses of Bitcoin, before it became a question of price?
P2P volume in Africa exceeds Latin America for the first time
In addition, most documentaries do not have a 37-page report, which allows viewers to delve into „The State of Cryptomonies in Africa“ and to follow up on the topics covered in the film.
Both the report and the documentary are supported by the crypto coin platform panel at consensus 2020, a rival cryptocurrency, accept bitcoin as a payment option, brazen sim swaps, initial public offering, banks to adopt, used proceeds from a huge ico, had been developing the system, securities exchange commission, late last year, Luno, which has a strong presence in Africa, having originally been based in Cape Town.
This left me wondering if I was about to see too long a promotional piece when I attended the virtual premiere earlier this week. However, they sent out pizza to go, so who’s going to complain?
Stories of how life-changing cryptospace in Africa
The film begins with Lorien Gamaroff, founder of the blockchain-based social outreach project, Uziso, standing outside a Soweto school in the dark.
He is about to introduce a project that allows donors around the world to support such schools by sending funds to cryptomone-enabled smart electricity meters.
Africa is optimistic about crypto coins despite infrastructure and regulatory hurdles
It also features the story of Alakanani Itireleng, the original Bitcoin Lady of Africa, who discovered Bitcoin while trying to help her terminally ill son, and established Botswana’s SatoshiCentre to spread Bitcoin’s word in Africa after his sad death.
The strong theme left me wanting more
So far, so promising. Exploring how Bitcoin and cryptomontage can represent real social change in African communities desperate for the opportunity to improve their lives is an important topic.
Unfortunately, for me personally, the film does not explore this topic deeply enough. The threads with Gamaroff and Itireleng run through the film’s 47 minutes. But they are interspersed with more general commentary, explaining Bitcoin and cryptomontage in relation to traditional financial systems, and the benefits it can bring.
Of course, this is delivered by crypto personalities from southern Africa, and provides an African perspective on the subject, exploring why the continent is well adapted to better harness the potential of the technology – but overall, this is no different from other parts of the world.