Skip to content

Review of the documentary Banking in Africa: The Bitcoin Revolution

May 23, 2020

Another week, another crypto documentation … Even though Bet on Africa: The Bitcoin Revolution, released on May 22nd, promises something different.

For starters, between the usual crypto-101 and industry fees, a focus on how Bitcoin and cryptocurrencies are changing the African continent feels like a breath of fresh air. Wasn’t Banking the Unbanked one of the finest Bitcoin use case applications before it came to price?

Furthermore, Most documentaries don’t have a 37-page report, so viewers can dive deeper into “The State of Africa’s Cryptocurrency.” and follow the topics covered in the film.

Review of the documentary Banking in Africa: The Bitcoin RevolutionReview of the documentary Banking in Africa: The Bitcoin Revolution

Both the report and the documentary are supported by the cryptocurrency platform Luno, which has a strong presence in Africa and was originally based in Cape Town.

I wondered if I would see a promotional item too longwhen I attended the virtual premiere earlier this week. However, they shipped pizza to go. So who’s going to complain?

Stories about how life-changing crypto space in Africa

The film begins with Lorien Gamaroff, the founder of the blockchain-based social outreach project Uzisostanding in the dark in front of a Soweto school.

It is about to launch a project that enables donors around the world to support such schools by sending funds to cryptocurrency smart meters.

It also contains the story of Alakanani Itireleng, Africa’s original Bitcoin Lady, who discovered Bitcoin when she tried to help her son with an incurable disease., and founded the SatoshiCentre of Botswana spread the word of bitcoin in Africa after he sadly passed away.

The strong topic made me want more

So far so promising. It is an important topic to examine how Bitcoin and cryptocurrency can represent real social change in African communities that are desperately looking for a way to improve their living conditions.

Unfortunately for me personally, The film does not deal with this topic deep enough. The threads with Gamaroff and Itireleng span the 47-minute length of the film. However, they are linked to more general comments that explain Bitcoin and cryptocurrency compared to traditional financial systems and the benefits associated with it.

For sure, This is delivered by personalities from the South African crypto region and offers an African perspective on the subject, examining why the continent is well adapted to better exploit the potential of the technology.… but in general, it’s not that different from other parts of the world.

Don’t blame the player …

This is not the fault of the film, but of the niche nature of the cryptocurrency world.

While those who follow the industry (including our readers) often have a passion for it, this is still only a small part of the population.. Certainly, not enough to create a sizeable audience For example for your last film.

For most people, the crypto space remains an often impenetrable and confusing topic.Therefore, such explanations are still necessary for beginners to attract a large audience.

To be fair The film creates this balance well, but I want to discover more of the individual projects that are changing Africa for the better.. Yes, the report does contain such information, but most viewers will probably not even notice that the report is there.

I have no hesitation in recommending this film, which is now available to rent or buy on Amazon Prime videos (and is free for Prime subscribers).

But where many documentaries about cryptocurrencies felt too long, I really wish there was still half an hour or so to give some more practical examples of how crypto can change the African continent and the world.

NB: For your honor, Despite the film’s funding, Luno has completely stayed out of the shooting process.n. The film promotes cryptocurrency, it promotes Africa, but it never promotes Luno … which I lose.

The views, thoughts and opinions expressed here are only those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Do not stop reading: