Post
Topic
Board Bitcoin Discussion
Re: Africa May Leapfrog Traditional Banking
by
jjacob
on 11/04/2015, 07:28:15 UTC
I don't think they can leapfrog traditional banking. If they can't access the banking, how can they buy  or cash out bitcoin through the exchanges, which accept fiat money deposits for them to trade or transfer fiat money to your bank account for withdrawal?

You don't need exchanges. You could have remittances coming in and then bitcoin circulating through the sale of goods and services