The Africoin Report: Libya

[ahmadmanga]

~ salam (peace) upon you all ~

I just published another article of Libya series of articles of "The Africoin Report" at LetsTalkBitcoin.

Libya is one of the countries that aren't supported much online, we don't have paypal, and we are restricted from almost everything by US. Bitcoin is one of the few options we have left as I said in The First article "Bitcoin is perfect for Libya".

In today's article "Shopping Online with Bitcoin Gets Better" I talked about Aramex, a mail forwarding company that gives people addresses in various countries including USA. and ships the items to Libya. it's very useful service for people who needs things from outside the country especially rare things or highly discounted prices.

[yayayo]

It's always interesting to read reports from Africa from people, who really live there, because most Western assumptions of what African countries need (also regarding Bitcoin services and products) tend to be completely wrong. I'm sure that there is a great potential for Bitcoin in Libya and neighboring countries, but the best use cases are usually found by the residents themselves.

Bitcoin is perfectly suited for cross-border trade and is an efficient remedy against financial embargoes of all kinds. It's great to see it at work in Libya with creative ways of mail forwarding.

ya.ya.yo!

[RealBitcoin]

Nice to see bitcoin spread in africa. I think it has a lot of potential for africa especially for villages  and communities that are far from big cities.

Africa has alot of hidden wealth in the people living there, and once they join the global economy with bitcoin, they can be wealthy.

[The Sceptical Chymist]

It's always interesting to read reports from Africa from people, who really live there, because most Western assumptions of what African countries need (also regarding Bitcoin services and products) tend to be completely wrong. I'm sure that there is a great potential for Bitcoin in Libya and neighboring countries, but the best use cases are usually found by the residents themselves.

Bitcoin is perfectly suited for cross-border trade and is an efficient remedy against financial embargoes of all kinds. It's great to see it at work in Libya with creative ways of mail forwarding.

ya.ya.yo!

Yes, I agree with this totally.  I don't interact with people even in my own neighborhood much less Africa--it is nice to hear how it is from actual residents.

[MingLee]

It's always interesting to read reports from Africa from people, who really live there, because most Western assumptions of what African countries need (also regarding Bitcoin services and products) tend to be completely wrong. I'm sure that there is a great potential for Bitcoin in Libya and neighboring countries, but the best use cases are usually found by the residents themselves.

Bitcoin is perfectly suited for cross-border trade and is an efficient remedy against financial embargoes of all kinds. It's great to see it at work in Libya with creative ways of mail forwarding.

ya.ya.yo!

Yes, I agree with this totally.  I don't interact with people even in my own neighborhood much less Africa--it is nice to hear how it is from actual residents.

It is always better to talk with people that are somewhere rather than listen to what someone else has to say about it that isn't necessarily from the region. Especially with the news, they are always pushing a narrative of theirs, one way or the other.

[Anon_7716]

Really cruel that Libya did a prohibition for most activity conducted online, but I am glad that Bitcoin is becoming the solution to Libya and I hope libya can give approval for user bitcoin. Keep writing so that you can enjoy freedom in online.

[ahmadmanga]

Thank you for your comments, They made me happy that I wrote the article

[Boosterious]

~ salam (peace) upon you all ~

I just published another article of Libya series of articles of "The Africoin Report" at LetsTalkBitcoin.

Libya is one of the countries that aren't supported much online, we don't have paypal, and we are restricted from almost everything by US. Bitcoin is one of the few options we have left as I said in The First article "Bitcoin is perfect for Libya".

In today's article "Shopping Online with Bitcoin Gets Better" I talked about Aramex, a mail forwarding company that gives people addresses in various countries including USA. and ships the items to Libya. it's very useful service for people who needs things from outside the country especially rare things or highly discounted prices.

letstalkbitcoin is good forum,some couple years ago i active there,and its good news to hear that bitcoin in africa have good move and development,honestly i never hear about africoin,but its good publicity here.

[countryfree]

Interesting. I guess Libyans may also see BTC as a safe way to keep their savings, since the dinar isn't a stable currency, and you don't need a safe to store it like gold. But you need reliable a Internet connection. Can you get that in Tripoli, and is it affordable to the average guy?

If you want to trade altcoins, you can use Poloniex.com it works anywhere in the world.

[Snail2]

Interesting. I guess Libyans may also see BTC as a safe way to keep their savings, since the dinar isn't a stable currency, and you don't need a safe to store it like gold. But you need reliable a Internet connection. Can you get that in Tripoli, and is it affordable to the average guy?

If you want to trade altcoins, you can use Poloniex.com it works anywhere in the world.

As I read since the start of the troubles there internet prices increased a lot and the connectivity isn't good at all, but bitcoin doesn't need a high speed connection if you don't want to sync the blockchain. In addition, as someone mentioned earlier it's a lot safer than carrying cash or precious metals.

[Whosdaddy]

I never knew paypal isn't available in Libya. That's just a little unfortunate. However what's interesting is that through bitcoins, I guess Libyans are now able to join the global/online market. Let's all hope that the Libyan royalties/government doesn't make a law like in Russia.

[countryfree]

Interesting. I guess Libyans may also see BTC as a safe way to keep their savings, since the dinar isn't a stable currency, and you don't need a safe to store it like gold. But you need reliable a Internet connection. Can you get that in Tripoli, and is it affordable to the average guy?

If you want to trade altcoins, you can use Poloniex.com it works anywhere in the world.

As I read since the start of the troubles there internet prices increased a lot and the connectivity isn't good at all, but bitcoin doesn't need a high speed connection if you don't want to sync the blockchain. In addition, as someone mentioned earlier it's a lot safer than carrying cash or precious metals.

Are you in Libya? What's the price of a home ADSL connection, in dinars? I don't expect cafes with free wifi as in Europe or US, but is there any place where you can connect for free?