Post
Topic
Board Bitcoin Discussion
Re: Would Bitcoin not have been a better option for Zimbabwe?
by
LCSociety
on 06/05/2016, 16:41:39 UTC
The internet access requirement is BS.... I travelled to most of these countries and they are using mobile phones. We have seen people linking Sms's to Bitcoin and sending Bitcoin via emails.


Yeah Zimbabwe is very technologically up to date. Actually, there are parts of the US that are potentially more derelict and poverty stricken than the roughest towns in Zimbabwe.

Have look at this video https://www.youtube.com/watch?v=EeiGk3I3WIE

The traffic may be an issue, but you get the sense that their economy is quite mature and developed - perhaps more so than the bankrupt state of Detroit if you were to be a little pedantic

Would bitcoin be a good "option" for Zimbabwe? I don't know... The governments of Canada, Australia, United Kingdom, China, Russia, the United States have all 'publicly' denounced the use of bitcoin in one way or another for their own populations. Despite this, members of their economies still use bitcoin quite heavily.

Rest assured there is already a bustling bitcoin market in Zimbabwe, just like there is in potentially every country in the world.

If you'd click onto the Zimbabwean localbitcoins website: https://localbitcoins.com/country/ZW there are hundreds of OTC bitcoin traders there, that have surpassed 150 BTC in trading volume, which is roughly $68,000 USD. More than the average US citizen earns per annum.

So yes, Bitcoin is a good option... which is probably why they are already using it.

Don't fall for the media spin... As it pertains to natural resources, africa is - bar none - the wealthiest continent on the planet.