This is a well articulated post, I have been thinking of writing about this for a few days now. Let me just add on.

Nigeria is by far the leading country in terms of crypto adoption in Africa. Everywhere else, scams, propaganda and decampaigning from governments have made people take it wit a pinch of salt.

I am from Zimbabwe and I am very disappointed with the rate of adoption. While there is a group of tech savy youngsters and even older guy, who have adopted crypto, the number is still small as compared to the overall population.

I have been looking at other subsaharan Africa countries and realised that only in Nigeria is crypto adoption very high in Africa. Everywhere else, the spark is there and it has been ignited but due to many reasons the flame is still too small.

What most countries need to convert the small spark into a real flame is government support. But the level of decentralisation in crypto looks like a threat to governments. Why? Because use of crypto would cut bank charges by almost half if not more. This is because in many countries using a bank looks like a punishment already, so obvious many would run to the blockchain. So, few governments are willing to give up the level of control they have ove their countries financial doldrums.

The next issue would be the need for strong blockchain education. The rate that newbies are being scammed in crypto in Africa is worrying. The most worrying thing is that most of the scams are basic and still people are losing money. Scams that can be prevented or reduced by proper education like, pyramid schemes, fake investment portals, honeypot coins, fake airdrops and you can name it are becoming a problem to those who lack knowledge.

All these scams make crypto look like an enemy to the general public while it might be their saviour. All this skepticism that is built on the hatred from losing money through scams can be done away by proper crypto education.

As you said, in web 3, Africa as a whole has great potential. We should make use of blockchain technology to get rid of the negatives that come from unstable currencies, economic sanctions and high costs of banking. The general public should be educated to see blockchain technology as a saviour not an evil. But are governments ready to lose some control? Are they ready to step up?