[2014-05-30] newsBTC: Bitcoin Lighting Up South Africa

[bryant.coleman]

http://newsbtc.com/2014/05/30/bitcoin-lighting-south-africa

Bitcoin may soon be responsible for lighting up the streets of South Africa. Yes, because Invirohub, a South African smart meter developer, has integrated bitcoin payments into its smart meters. These meters allow consumers to “to up” an electricity allowance. Each meter will have a specific wallet address and 3G SIM card for connectivity. Once a user puts a deposit on the address their account will be credited at the current exchange rate. Months ago South Africa’s Standard Bank, Africa’s largest bank, was said to be testing bitcoin payment systems and more recent news of Johannesburg and Cape Town first BTMs almost being ready came out just last week.

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[Chef Ramsay]

Leave it up to crypto to finally give parts of Africa a fighting chance at becoming more modern and up to speed. I'm definitely happy to be part of a movement to help the less civilized to be raised up while also freeing myself from the fiat machine. Personal secession ftw!

[bryant.coleman]

Leave it up to crypto to finally give parts of Africa a fighting chance at becoming more modern and up to speed. I'm definitely happy to be part of a movement to help the less civilized to be raised up while also freeing myself from the fiat machine. Personal secession ftw!

Hmmm... right now the possession of Bitcoins are advisable only to the tech savvy. Many in the African continent are not so. We need to make Bitcoins accessible for the non-tech savvy populations as well.

[Kluge]

"These meters allow consumers to 'to up' an electricity allowance."

What the Hell does that mean?