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. 
Topic: Africa - promised land of Bitcoin? - page 4. (Read 3170 times)
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
The entire continent of africa only has a 2.5% of the world nominal GDP, less than that of italy.
Whether africa adapts bitcoin or not, is a non-factor.
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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-
...
I know a guy (from whom I bought BTC), who went to a BTC conference in Argentina a few months ago. He told me that among the people he talked to (granted, likely to be all tekkies) the interest was huge... Argentina has LOTS of problems, it is governed terribly by an incompetent blowhard Socialist (Cristina Kirchner). So, BTC would enable many locals to avoid the currency restriction and other roadblocks their .gov lays in to block their citizens from financial protection...
I know a guy (from whom I bought BTC), who went to a BTC conference in Argentina a few months ago. He told me that among the people he talked to (granted, likely to be all tekkies) the interest was huge... Argentina has LOTS of problems, it is governed terribly by an incompetent blowhard Socialist (Cristina Kirchner). So, BTC would enable many locals to avoid the currency restriction and other roadblocks their .gov lays in to block their citizens from financial protection...
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.
My great uncle passed away in Nigeria. Before he passed, he deposited $10,000,000.00 in a bank account there. For a nominal fee of 1%, I will require your assistance in retrieving this balance. Please send me your bank account information if interested in helping me recover this money.
(Isn't this about right?)
(Isn't this about right?)
...
Other than the USA, my beat is Peru. Hardly anyone there accepts BTC, nor even knows what they are... Yet, all the young ones I saw (albeit in better parts of Lima, in general a big poor city) are running around poking on the smartphones just like here...
I agree that in countries that inefficient and corrupt, BTC has great potential, but IMO it will take a BUNCH of time. Who in Africa will take your BTC for gold?
No one (among jewelers, etc.) I could find in Peru (in March) would take BTC.
Other than the USA, my beat is Peru. Hardly anyone there accepts BTC, nor even knows what they are... Yet, all the young ones I saw (albeit in better parts of Lima, in general a big poor city) are running around poking on the smartphones just like here...
I agree that in countries that inefficient and corrupt, BTC has great potential, but IMO it will take a BUNCH of time. Who in Africa will take your BTC for gold?
No one (among jewelers, etc.) I could find in Peru (in March) would take BTC.
Micropayments and microloans have arguably their biggest impact in Africa. Any countries that deal with outrageous remittance fees can be greatly helped by bitcoin, lots of African countries would fit this profile, especially as internet and smart phones continue to become more available there.
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
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