Hyperinflation and the rise of cryptocurrencies

I decided to write this as there seems to be a general lack of knowledge of the structure of African economics and what happens to the local fiats when regions are unstable.

Most are hopefully familiar with the hyperinflation in Zimbabwe that was peaking at almost 100% a day. This situation lead to currency losing it's value instantly. I will lot go in to the details of the reasons behind it, but suggest that people interested in the potential of electroneum read up on it. When paper currency loses it's value trade stops between individuals and companies unless there is an option and that option generally has an local increase in value if there is not enough liquidity. So when the zimbabwen dollar lost it's value the US dollar or some other asset could act as currency, but because of the scarcity of said asset their value skyrocket on a local level as it is the only means of trade. This also requires mass adoption from etn to work, otherwise there is no liquidity. Another situation is when assets are being moved from war zones. It is easier to move crypto than gold, diamonds or wads of dollars, which can be stolen.

This is the real place for cryptocurrencies and growing the awareness of electroneum in Africa should be a top priority. I am hapy to help, but I doubt Ells is reading this.