99% of them can't afford a smartphone. But it will not prevent them from using BTC services for sending / receiving remittances.
How successful is the new BTC remittance service?
Topic: Africa - promised land of Bitcoin? - page 3. (Read 3165 times)
How successful is the new BTC remittance service?
First you should check whether the people living in those nations can afford a Bitcoin storage device (such as PCs, Smartphones.etc).
99% of them can't afford a smartphone. But it will not prevent them from using BTC services for sending / receiving remittances.
Exactly and just one of the ways in which Bitcoin can be brought to Africa.
Do not deny the continent.
Africa is The Mother and Father of Humankind.
My $.02.
First you should check whether the people living in those nations can afford a Bitcoin storage device (such as PCs, Smartphones.etc).
99% of them can't afford a smartphone. But it will not prevent them from using BTC services for sending / receiving remittances.
Big adoption in Vietnam, Cambodia, Laos wouldn't surprise me.
They use a non-fiat currency already, the $US for most of their transactions. By non-fiat I mean it is not fiat to that country.
So they could move over to any currency, including BTC.
I also noticed travelling through these countries how well connected they are. Wifi is everywhere and it is free. So someone with a cheap smart phone can get free access fast enough to send/receive transactions from their phone.
They use a non-fiat currency already, the $US for most of their transactions. By non-fiat I mean it is not fiat to that country.
So they could move over to any currency, including BTC.
I also noticed travelling through these countries how well connected they are. Wifi is everywhere and it is free. So someone with a cheap smart phone can get free access fast enough to send/receive transactions from their phone.
I was in Vietnam recently. Maybe street merchants use USD bills but not the established shops that accept credit cards
I find it interesting and very telling that those in the First World countries are so quick to discount those in the Third.
I hope that my brothers and sisters in Africa will keep a close watch on my posts as I suspect we may have a great future together.
Although the wolf is my totem animal I wish to become possessed of the Spirit of The Lion as well.
My $.02.
I hope that my brothers and sisters in Africa will keep a close watch on my posts as I suspect we may have a great future together.
Although the wolf is my totem animal I wish to become possessed of the Spirit of The Lion as well.
My $.02.
Check this:
https://bitcointalksearch.org/topic/2014-04-01-smh-the-next-currency-killer-african-e-money-m-pesa-553693
Some nice progress made in Africa!!
https://bitcointalksearch.org/topic/2014-04-01-smh-the-next-currency-killer-african-e-money-m-pesa-553693
Some nice progress made in Africa!!
Introducing Bitcoins to the people of Central African Republic, and to Mozambique people, would start to take the funding away from the militaries that are trying to enslave the people.
First you should check whether the people living in those nations can afford a Bitcoin storage device (such as PCs, Smartphones.etc).
Introducing Bitcoins to the people of Central African Republic, and to Mozambique people, would start to take the funding away from the militaries that are trying to enslave the people.
So you have nothing more than wishful thinking? Yeah, it would be great if these places started using bitcoin. That doesn't mean that they will.
Africa is coming out of the dark ages in some areas. Let's start them off right. Bitcoin rather than fiat.
"in some areas" That is somewhat more believable. Could you list some of these places? I am genuinely curious, and also a bit sceptical. It seems like a lot of people genuinely think that Africa as a whole is someday (soon!) going to be something other than.... Africa.
Introducing Bitcoins to the people of Central African Republic, and to Mozambique people, would start to take the funding away from the militaries that are trying to enslave the people.
Africa is coming out of the dark ages in some areas. Let's start them off right. Bitcoin rather than fiat.
"in some areas" That is somewhat more believable. Could you list some of these places? I am genuinely curious, and also a bit sceptical. It seems like a lot of people genuinely think that Africa as a whole is someday (soon!) going to be something other than.... Africa.
Quote
Africa? no.
Africa? Yes.
There are already 3 companies working to replace the service used by 40 million people to send money via SMS.
Instead it will be sent by Bitcion.
Instant adoption by 40 million people.
Africa? Yes.
-B-
Africa is coming out of the dark ages in some areas. Let's start them off right. Bitcoin rather than fiat.
Big adoption in Vietnam, Cambodia, Laos wouldn't surprise me.
They use a non-fiat currency already, the $US for most of their transactions. By non-fiat I mean it is not fiat to that country.
So they could move over to any currency, including BTC.
I also noticed travelling through these countries how well connected they are. Wifi is everywhere and it is free. So someone with a cheap smart phone can get free access fast enough to send/receive transactions from their phone.
They use a non-fiat currency already, the $US for most of their transactions. By non-fiat I mean it is not fiat to that country.
So they could move over to any currency, including BTC.
I also noticed travelling through these countries how well connected they are. Wifi is everywhere and it is free. So someone with a cheap smart phone can get free access fast enough to send/receive transactions from their phone.
Africa - promised land of Bitcoin?
Barbara Messer spoke to Tristan Winters http://africa.bitcoinwoman.com/index.php/articles/143-bitcoin-in-africa
Barbara Messer spoke to Tristan Winters http://africa.bitcoinwoman.com/index.php/articles/143-bitcoin-in-africa
More than a bit interesting.
I'll be keeping my eye on this thread.
My $.02.
Times are changing.
Oh they are, are they? So they stopped hacking each others limbs off with machetes1, raping infants2, killing and eating short people3, and commiting genocide against white farmers4?
Oh I get it.... April 1st. Ha ha you got me.
1: http://www.dailymail.co.uk/news/article-2533828/Mutilated-machete-tragic-orphans-Africas-forgotten-war-A-truly-harrowing-dispatch-worlds-new-Heart-Darkness.html
2: http://www.huffingtonpost.com/2013/04/18/africa-child-rape-crisis_n_3103558.html
3: http://news.bbc.co.uk/2/hi/africa/2933524.stm
4: http://www.genocidewatch.org/southafrica.html
I said more people there are getting internet and mobile, not that it was a fun place to go on vacation you muppet
Times are changing.
Oh they are, are they? So they stopped hacking each others limbs off with machetes1, raping infants2, killing and eating short people3, and commiting genocide against white farmers4?
Oh I get it.... April 1st. Ha ha you got me.
1: http://www.dailymail.co.uk/news/article-2533828/Mutilated-machete-tragic-orphans-Africas-forgotten-war-A-truly-harrowing-dispatch-worlds-new-Heart-Darkness.html
2: http://www.huffingtonpost.com/2013/04/18/africa-child-rape-crisis_n_3103558.html
3: http://news.bbc.co.uk/2/hi/africa/2933524.stm
4: http://www.genocidewatch.org/southafrica.html
Quote
Africa? no.
Africa? Yes.
There are already 3 companies working to replace the service used by 40 million people to send money via SMS.
Instead it will be sent by Bitcion.
Interesting, is there further info on this? My understanding is that in a lot of Africa smart phones are shared. Is there a secure solution to this?
Africa - promised land of Bitcoin?
Barbara Messer spoke to Tristan Winters http://africa.bitcoinwoman.com/index.php/articles/143-bitcoin-in-africa
Barbara Messer spoke to Tristan Winters http://africa.bitcoinwoman.com/index.php/articles/143-bitcoin-in-africa
Well this is great to read.
You know this is what Bitcoin was mentioned to do? Help economy over the world!
Africa + Bitcoin = success ?
Perhaps yes, if Bitcoin will be growing stronger, one day it will completely change the world!
♥BTC
Whether africa adapts bitcoin or not, is a non-factor.
Except possibly for the people of Africa who are currently paying outrageous transaction fees on MPesa.But I thought what I said was pretty clear too. Just because it doesn't promise riches for you doesn't mean it is a non-factor to everyone. Africa could be a very interesting market for bitcoin. Just not a very profitable one for outside interests.
Africa? No. Africa doesn't have a good track record at adopting advances in technology or culture.
Peru and other South American countries? I think that it is quite possible, but I think that a dose of pessimism is warranted.
There are three technologically and socially advanced countries that have high levels of inflation. They are: The US, the UK, and Japan. So these are the three countries where I expect Bitcoin to flourish.
Peru and other South American countries? I think that it is quite possible, but I think that a dose of pessimism is warranted.
There are three technologically and socially advanced countries that have high levels of inflation. They are: The US, the UK, and Japan. So these are the three countries where I expect Bitcoin to flourish.
Times are changing. Tons of initiatives are bringing the internet to new users everyday, and mobile adoption continues to skyrocket in poor countries. Countries that have seen huge percentages of their GDP erased every year by predatory banking and money transmitting fees will not stand for this forever. So Africa? Yes. Peru, Central, and South America as well. The Philippines could be a potentially huge market with about half of their GDP coming from remittances.
Whether africa adapts bitcoin or not, is a non-factor.
Except possibly for the people of Africa who are currently paying outrageous transaction fees on MPesa.I thought my statement was pretty clear, but to clarify - the people of africa benefits if they adapt bitcoin as a currency, but bitcoin benefits very little from adaption in africa, for the simple fact they just dont matter in the big picture of the world economy. Not to be mean, just stating the obvious.
USA, China, and EU is what matters to bitcoins. So far china is the lowest/worst in term of bitcoin friendly, usa in the lower middle with the recent irs ruling, and EU is what i believe has the best chance to allow widespread adaption/usage to occur.
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