Cryptocurrencies |Report

A cryptocurrency community is growing in Sudan

During the last years cryptocurrencies have become a news topic in many western countries and started “moving to be part of our day-to-day conversation.” While it makes sense to see this growth in such advanced countries where technology such as the internet is an everyday part of society, it might be a bit of surprise to find a growing community in an African country such as Sudan.

A quick search on Google about Bitcoin and Sudan will retrieve some interesting results. One result is a Reddit discussion explaining the details of the first workshop conducted by bitcoin enthusiasts in Sudan. Of course, this was more than three years ago and things have changed a great deal ever since.

Today, Sudan’s bitcoin meet-up group on Facebook is very active. Many are selling and buying bitcoin and other cryptocurrencies on a daily basis.

Omer Mohammed – one of the administrators of the meetup group – told WikiTribune that the growing interest in cryptocurrencies has resulted in some individuals or groups mining Ethereum, another popular cryptocurrency. He also added that bitcoin’s popularity is because money transfer to and from Sudan is much easier than other methods. 

“Sudanese youth find cryptocurrencies as a source of income through buying and selling it,” Mohammed said via email exchanges. 

The first company that adopted bitcoin in Sudan was SoftwexMohammed Mahgoub, Sotfwex’s co-founder and manager, told WikiTribune that he was fascinated by its potential use case in a sanctioned country.

Mahgoub said that Softwex’s account was almost shut down by an online exchange which converts funds into fiat. Now Softwex relies on blockchain.info as an alternative. 

Any new technology needs ambitious early adopters, and cryptocurrencies have found it in the unlikeliest of places in Sudan. 

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Talk (10)

Linh Nguyen

"As I mentioned to Daniel above, we're..."

Linh Nguyen

"Hi, we're working to get some backup ..."

Daniel Pass

"I definitely require some numbers to ..."

Krzysztof Strug

"I would be happy to see some numbers ..."

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History for Story "A cryptocurrency community is growing in Sudan"

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Talk for Story "A cryptocurrency community is growing in Sudan"

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  1. Flagged as bias

    I definitely require some numbers to back up this story. Based on the average wage and utility costs of Sudan (numbeo.com), a single bitcoin transaction costs around the same as an entire month’s utilities, and that is unlikely to result in widespread usage. Perhaps other cryptocurrencies are being utilised but there is nothing which supports that assertion other than mentioning Ethereum in the post.

    Fevered interest in a meetup group appears to be the main source and having attended such meetings in the past, I have not found them to be reliable sources of wider interest.

    1. Rewrite

      Hi, we’re working to get some backup numbers for this piece, thanks.

  2. Rewrite

    I would be happy to see some numbers in this piece.
    How much these people are able to earn, is it significant part of their income, are there any local markets or exchange points??

    1. Rewrite

      As I mentioned to Daniel above, we’re working to get some backup numbers for this piece, thanks.

  3. Rewrite

    9/10

    More of where Bitcoin is used and where it is much much better than local currency options (Bitcoin vs. Euro isn’t a clear winner, but elsewhere in the world it might be).

    1. Rewrite

      Also other cryptocurrencies, Bitcoin is just one of them ^^

  4. Hi Mohamed, I’ve given your piece a first look. Are you able to email me transcripts of the interviews you conducted so I can verify the quotes? Email is: [email protected]. I feel like the piece needs more of a human focus: what are the use cases of cryptocurrencies being used in Sudan? Can you provide some more examples of why people got into crypto, how they’re using it, what they use it for, etc. Thanks, Linh.

    1. Rewrite

      Thanks a lot for your invaluable feedback, I did three interviews two of them in Arabic, will forward the English one to your email now.

      1. Rewrite

        I’m trying to reach out to some ordinary people who are adopting Bitcoin to interview them. is it possible to CC you? I will use the questions you suggested.

        1. Rewrite

          This conversation here makes me believe you deserve my money to develop WikiTribune.

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