2 ms·
From the article at the bottom: About a third of the customers queuing at La Maison du Bitcoin’s teller windows in Paris aren’t speculating on the value of the
by koonsolo 9y ago
From the article at the bottom:
About a third of the customers queuing at La Maison du Bitcoin’s teller windows in Paris aren’t speculating on the value of the cryptocurrency. They’re sending digital money home to Africa.
“In many countries in Africa, there are far more cellphones than bank accounts,” said Manuel Valente, co-founder of La Maison. “For bitcoin, all you need is a phone.”
https://www.bloomberg.com/news/articles/2017-11-17/bitcoin-emerges-as-crisis-currency-in-hotspots-such-as-zimbabwe https://www.bloomberg.com/news/articles/2017-11-17/bitcoin-e...
- coldtea 9y agoIs it true though? Or journalistic exaggeration of some insignificant (in quantity) activity?
- aiCeivi9 9y agoIt is true, check for example http://mgafrica.com/article/2015-03-03-mobile-come-first-in-africa-before-electricity-water-toilets-or-even-food http://mgafrica.com/article/2015-03-03-mobile-come-first-in-... . Paying by phone is popular and has much lower bandwidth/storage requirements than bitcoin will ever have: http://edition.cnn.com/2017/02/21/africa/mpesa-10th-anniversary/index.html http://edition.cnn.com/2017/02/21/africa/mpesa-10th-annivers...