Post
Topic
Board Bitcoin Discussion
Topic OP
Would Bitcoin not have been a better option for Zimbabwe?
by
Kakmakr
on 06/05/2016, 11:21:32 UTC
http://www.bbc.com/news/world-africa-36210680

I quote "bank customers are not always able to withdraw the amount of US dollars they want because of a shortage of dollar notes in Zimbabwe."

This is one of the countries in Africa with the poorest population and the greatest need for micro transactions. I think this decision will push more people to use alternative methods of payment and also alternative investment currencies to protect their wealth. We have already seen M-pesa making in-roads into Kenia and other African countries as a alternative to their reserve currency.

The political instability in that country will not help in making sound financial decisions and they hate western influences, but they accept the dollar? ^hmmmmm^