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You could always use the crypto currency as the store of value there, just as people did with MPesa. You don't necessarily ever have to convert it to a local cu
by Grustaf 4y ago
You could always use the crypto currency as the store of value there, just as people did with MPesa. You don't necessarily ever have to convert it to a local currency.
- dmurray 4y agoMPesa doesn't store your money in some kind of private currency with a fluctuating value. If you're thinking of it as storing "minutes" as some American cellphone providers would, that's not right. You deposit and withdraw Kenyan Shillings, or your local equivalent, just as if it were a shilling-denominated bank account.
- Grustaf 4y agoYes, and you could make this hypothetical Kenyan cryptocurrency work the same way. One KCoin is one shilling, redeemable for minutes.