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Title: Bitcoin's now the only way to send money to Somalia Post by: countryfree on February 06, 2015, 12:56:22 PM http://www.bbc.com/news/world-us-canada-31159900 (http://www.bbc.com/news/world-us-canada-31159900)
I use to think that ownership means I can do whatever I want with what I own, but if you own some cash, live in the USA, and want to send that cash to Somalia, you just can't do it. Somehow, this is fascism, and BTC may be the only solution against it. Now, what can be done with BTC in Somalia? Any exchange there? Title: Re: Bitcoin's now the only way to send money to Somalia Post by: Passprot on February 06, 2015, 01:06:13 PM if no exchange in there
sending BTC is useless Title: Re: Bitcoin's now the only way to send money to Somalia Post by: countryfree on February 06, 2015, 01:15:11 PM Well, if there's no exchange in Somalia, it's now a huge opportunity to start one.
Title: Re: Bitcoin's now the only way to send money to Somalia Post by: Beyonce on February 06, 2015, 01:20:37 PM Quote A bank which handles money transfers between US-based Somalis and their families in east Africa is to close its service over concerns the funds are being channelled to militants. That's cute. Doesn't money and arms courtesy of the US usually get funneled straight into militants? Hopefully something like this will cause bitcoin to be considered as a serious option. Title: Re: Bitcoin's now the only way to send money to Somalia Post by: fenghush on February 06, 2015, 01:25:19 PM Good job west, isolate the most poor country in the world, that will show those militants.
Title: Re: Bitcoin's now the only way to send money to Somalia Post by: Elwar on February 06, 2015, 01:25:28 PM Even with this, Somalia is better off now than when they had a government.
Title: Re: Bitcoin's now the only way to send money to Somalia Post by: thompete on February 06, 2015, 01:26:12 PM Well, if there's no exchange in Somalia, it's now a huge opportunity to start one. They probably would have one or 2 exchanges there allowing people to trade bitcoins for cash. Title: Re: Bitcoin's now the only way to send money to Somalia Post by: pereira4 on February 06, 2015, 01:43:58 PM Well, if there's no exchange in Somalia, it's now a huge opportunity to start one. They probably would have one or 2 exchanges there allowing people to trade bitcoins for cash. If we always depend on an exchange to convert to fiat then BTC as a currency is useless. Title: Re: Bitcoin's now the only way to send money to Somalia Post by: Bralex on February 06, 2015, 01:48:30 PM I can hear it already "Somalia the bitcoin capital of the world" ::)
Title: Re: Bitcoin's now the only way to send money to Somalia Post by: fenghush on February 06, 2015, 01:49:16 PM if no exchange in there Not if they can spend it there as currency.sending BTC is useless If the people from Somalia agree that bitcoin is their currency then they can, it just sucks internet access is a luxury there. Title: Re: Bitcoin's now the only way to send money to Somalia Post by: neurotypical on February 06, 2015, 01:50:02 PM if no exchange in there Not if they can spend it there as currency.sending BTC is useless If the people from Somalia agree that bitcoin is their currency then they can, it just sucks internet access is a luxury there. Title: Re: Bitcoin's now the only way to send money to Somalia Post by: EFS on February 06, 2015, 01:50:07 PM Even if they haven't exchange sites I'm sure you can find people who have internet connection in local areas to exchange Bitcoin.
Title: Re: Bitcoin's now the only way to send money to Somalia Post by: unamis76 on February 06, 2015, 02:16:25 PM They have no internet, no computers, no phones, no nothing... Bitcoin will take a long time to reach them, so no, not a viable option so far :)
Title: Re: Bitcoin's now the only way to send money to Somalia Post by: Nerazzura on February 06, 2015, 02:45:44 PM we send bitcoin there, and maybe they could swap it to paypal.
if they have the account, and whether paypal apply there? Title: Re: Bitcoin's now the only way to send money to Somalia Post by: countryfree on February 06, 2015, 07:04:10 PM we send bitcoin there, and maybe they could swap it to paypal. if they have the account, and whether paypal apply there? They do have paypal; I know local charities which accept donations via paypal. So BTC's the logical next step. More than that, this creates a totally new situation. Here, in our rich countries, we wonder how we could integrate BTC in our daily life, but to Somalis abroad, BTC may be the only option to send money home. I'm using BTC because there wasn't any other choice. Hey, that's cool. |