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...which is an interesting use case as bitcoin as an alternative currency. Africa is full of migrant workers in less stable economies who need to send money hom
by mmaunder 13y ago
...which is an interesting use case as bitcoin as an alternative currency. Africa is full of migrant workers in less stable economies who need to send money home at low cost and with no delay. e.g In South Africa you can buy a code at a grocery store that you can SMS to your family back home, they go to their local branch of the store and get the funds by giving the code. But it costs and it's slower than BTC. Also banking in Africa is notoriously expensive due to the low per-account balances depositors keep. You pay to put money in, you pay to take it out.
A fertile environment for a currency ruled by the laws of nature and math rather than assholes and exploiters.