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and only 14% of the people have electricity even though things may rapidly improve in near future, this society is far from ready to accept digital currency.
by sremani 4y ago
and only 14% of the people have electricity even though things may rapidly improve in near future, this society is far from ready to accept digital currency.
- eldaisfish 4y agothings may improve but in a country that is not just poor, but piss poor and with a declining GDP, things are unlikely to improve. Besides, there is one hydro power station in the country. Other than the hydro, there is one diesel plant. That's it. This article is nothing but clickbait.
- nkuttler 4y ago> and only 14% of the people have electricity That number is probably for electricity at home, considering that 33% of the people have mobile phone subscriptions. Mobile payment solutions are very successful in Africa, in part because the infrastructure is lacking. One house/shop with electricity can easily power many phones.
- mdaniel 4y agoI recall One Laptop Per Child didn't shake out, but I'd *gladly* move my Kiva dollars over to buying solar panels and OLPC-ish setups, if(?) it wouldn't get eaten by the corruption quagmire OT1H, it's entirely possible the Kiva dollars are doing more material good, what with the "you spend on what you need" mental model. OTOH, investing in infrastructure sure does feel more productive
- robonerd 4y agoLess than 1% of the people there even have a bank account.