Topic: Forthcoming Bitcoin article in Emirates Airlines in-flight magazine - page 2. (Read 3431 times)
January 29, 2013, 06:42:50 PM
Cool, thank you for that link.
January 03, 2013, 01:27:15 PM
a few of them seeing its potential for moving their own money internationally cheaply, to integrate into their international trade businesses
Or help to fund ventures that will facilitate that in their region?
These nations have a lot of imported labor. These immigrants send money home, sometimes making use of hawala, other times paying the high rates for transferring cash.
If these immigrants could acquire bitcoins easily in these regions, that would help with half of the equation.
The other half is a way for the recipients to spend the bitcoins received.
Both sides are needed, and still way below the level necessary.
Try to buy bitcoins there now. Your options are a CashU prepaid card (bought with cash at a retail location, and redeemed through Bitcoin Nordic). Or LocalBitcoins, one seller -- who charges quite a premium:
- https://localbitcoins.com/country/ae
Then try to spend the bitcoins in Indonesia. Perhaps the first use will be for paying the mobile phone subscription:
- http://www.BitcoinWireless.com <-- Still in limited availability beta.
January 03, 2013, 03:44:09 AM
I've been thinking and talking about this and wondering if I'm blowing its potential impact out of proportion. What do you think?
I heard about it on the video of Tony Gallipi's talk in the Philadelphia Bitcoin Summit 2012.
With the kind of folk flying Emirates*, whether we're talking about a few of them seeing its potential for moving their own money internationally cheaply, to integrate into their international trade businesses or simply seeing it as something worth bunging a tiny proportion of their immense wealth at 'on the off chance' that it goes somewhere, I see the odds of this not bringing substantial new interest and money, and thereby having a not insubstantial impact on price, as very small.
*If you want an idea of the clientele within the first few pages of ads there's one for precious metals.
Edit: Link to article (I know dunand linked to it below but I thought I'd put one in the OP too)
And another thread discussing this article
I heard about it on the video of Tony Gallipi's talk in the Philadelphia Bitcoin Summit 2012.
With the kind of folk flying Emirates*, whether we're talking about a few of them seeing its potential for moving their own money internationally cheaply, to integrate into their international trade businesses or simply seeing it as something worth bunging a tiny proportion of their immense wealth at 'on the off chance' that it goes somewhere, I see the odds of this not bringing substantial new interest and money, and thereby having a not insubstantial impact on price, as very small.
*If you want an idea of the clientele within the first few pages of ads there's one for precious metals.
Edit: Link to article (I know dunand linked to it below but I thought I'd put one in the OP too)
And another thread discussing this article
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