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Ventureburn recently posted an article about startups trying to pop Africa’s remittance bubble. I applaud the efforts of these startups in trying to address the issue of the above average cost of sending money to Africa which is a real hindrance to Africa’s development as a key player in the global trade arena.
However a quick analysis of the list shows that most of the start-ups are focused on bitcoin as a more affordable currency alternative, peer to peer transfers and the uni-directional flow of money from western countries to Africa.
However a quick analysis of the list shows that most of the start-ups are focused on bitcoin as a more affordable currency alternative, peer to peer transfers and the uni-directional flow of money from western countries to Africa.
Not that there's anything wrong with that, but I also think it's not true.
