Abstract

The African continent faces a myriad of economic challenges, including limited access to financial services, currency instability, and barriers to cross-border trade. Cryptocurrencies, with their innovative features and decentralized nature, have emerged as a potential solution to these problems. However, their applicability and effectiveness in the African context need to be scrutinized through the lens of Occam's razor. This article delves into the exploration of the potential of cryptocurrencies in addressing African economic challenges by applying the principle of Occam's razor. Occam's razor, a fundamental tenet of modern science, advocates for simplicity and economy of assumptions in problem-solving. By analyzing the complex landscape of African economies, marked by diverse challenges and opportunities, this article aims to uncover the role of cryptocurrencies in addressing these issues.

Keywords: Financial inclusivity, Cryptocurrencies, African Countries, Financial development