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M-Pesa and Bitcoin are completely different things. It says right in that wiki article that "M-Pesa is a branchless banking service". It's used in conjunction w
by hanniabu 7y ago
M-Pesa and Bitcoin are completely different things. It says right in that wiki article that "M-Pesa is a branchless banking service". It's used in conjunction with existing fiat currency from what I understand.
- commandersaki 7y agoUsing already existing fiat currency is probably why it is successful.
- wpietri 7y agoBitcoin's original goal was "electronic cash". As was M-Pesa's. They solve the same main user problem: payment. It's true that they're implemented in completely different ways, and with different philosophies. But my point with M-Pesa is that there are no inherent barriers to digital money. If Bitcoin had been useful to a broad audience, it could have had adoption similar to M-Pesa's. It hasn't, and at the rate it's going, it never will.