|
Title: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: BTCat on May 21, 2014, 07:43:25 PM The story about Ronald from Kampala, Uganda who receives bitcoin from his family in the US to support his education
https://www.youtube.com/watch?v=BrRXP1tp6Kw#t=42 Title: Re: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: yatsey87 on May 21, 2014, 07:54:39 PM https://bitcointalk.org/index.php?topic=616845.0
I've seen this story posted several times here already, but it is a really inspiring way bitcoin can help people who need it the most. I really hope it excels in these sorts of countries and the remittance market. Title: Re: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: Bitcopia on May 22, 2014, 04:35:57 AM This is one of the larger reasons I love bitcoin. From the devaluation of fiat currencies to the borderline criminal remittance fees charged to impoverished nations, Bitcoin has the capability to dissolve much of the exploitation of the less fortunate.
Title: Re: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: Mr Tea on May 22, 2014, 09:33:25 AM Very cool use of coins. I hope it takes off.
Title: Re: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: yatsey87 on May 22, 2014, 09:34:51 AM This is one of the larger reasons I love bitcoin. From the devaluation of fiat currencies to the borderline criminal remittance fees charged to impoverished nations, Bitcoin has the capability to dissolve much of the exploitation of the less fortunate. Yeah, it's an industry where bitcoin could grow massively, but I only hope it isn't capitalized on by unscrupulous people who will start charging ridiculous fees to transfer the coins back into fiat. Title: Re: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: bryant.coleman on May 22, 2014, 09:44:40 AM These are some of the countries with very large expat population, which could make use of Bitcoins to reduce the fees and commissions.
1. Philippines (workers in Malaysia, Singapore, Hong Kong, Middle East, USA.etc) 2. India (USA, Middle East, South East Asia) 3. Pakistan (Middle East) 4. Tajikistan (Russia) 5. Mexico (USA). Title: Re: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: thezerg on May 22, 2014, 02:26:00 PM This is one of the larger reasons I love bitcoin. From the devaluation of fiat currencies to the borderline criminal remittance fees charged to impoverished nations, Bitcoin has the capability to dissolve much of the exploitation of the less fortunate. Yeah, it's an industry where bitcoin could grow massively, but I only hope it isn't capitalized on by unscrupulous people who will start charging ridiculous fees to transfer the coins back into fiat. Its ok if that happens. It will drive people to find ways to NOT convert to fiat... ;D Title: Re: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: 311 on May 22, 2014, 03:00:19 PM It's very awesome that all you need is a cheap smartphone to be your own bank.
Title: Re: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: BTCat on May 22, 2014, 03:25:05 PM It's very awesome that all you need is a cheap smartphone to be your own bank. Nothing safer than a smartphone with backdoors. Goodluck with that. Title: Re: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: erono on May 23, 2014, 06:13:11 AM Remittance payments should have less charge on fees - James Angelo is a great spokes person. *** 5stars video ***
Title: Re: [2014-05-21] Bitcoin in Uganda - Empowering People ! Post by: bryant.coleman on May 23, 2014, 07:36:01 AM Remittance payments should have less charge on fees Yes.... overall, the fee should be in the range of 1-2%, and not in the range of 8-15% which companies such as Western Union and Moneygram charge. But at the same time, fee should be same for all the transactions. We can't give special discounts to remittance payments. |