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Title: [2015-04-13] TheNextWeb: How Bitcoin could revolutionize remittance in Africa Post by: pawel7777 on April 13, 2015, 12:56:32 PM How Bitcoin could revolutionize remittance in Africa http://thenextweb.com/africa/2015/04/13/how-bitcoin-could-revolutionize-remittance-in-africa/ Quote A host of local companies are looking to disrupt the remittance market in Africa by undercutting traditional money transfer operators while also offering businesses new ways of accepting payments on a continent with low credit card penetration and an over-reliance on cash. The likes of Igot, Beam, BitPesa and BitX have spotted an opportunity to build Bitcoin businesses in Africa. Though stolen bitcoins, the collapse of the Mt.Gox exchange and drastic digital currency value fluctuations have made Bitcoin a byword for controversy in much of the Western world, they feel it can find a true home in Africa, the land of mobile money. ... Title: Re: [2015-04-13] TheNextWeb: How Bitcoin could revolutionize remittance in Africa Post by: ashour on April 13, 2015, 01:19:14 PM Bitcoin will play an important role in Africa since many people there don't have any bank account let alone credit cards. Bitcoin and crypto currencies like Stellar will try to solve the problems with online payment. It's just a matter of time.
Title: Re: [2015-04-13] TheNextWeb: How Bitcoin could revolutionize remittance in Africa Post by: indiemax on April 13, 2015, 06:28:20 PM For this to be workable, the banks need to play ball to cut the difficulty/cost to changing to local currency
same old problem that holds Bitcoin back as usual ;D Title: Re: [2015-04-13] TheNextWeb: How Bitcoin could revolutionize remittance in Africa Post by: b!z on April 13, 2015, 07:31:49 PM For this to be workable, the banks need to play ball to cut the difficulty/cost to changing to local currency same old problem that holds Bitcoin back as usual ;D The solution is to cut out bitcoin and deal entirely in fiat currency. It's faster and easier to setup. |