Post
Topic
Board Bitcoin Discussion
Re: Would Bitcoin not have been a better option for Zimbabwe?
by
Boosterious
on 06/05/2016, 17:50:59 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^
same thread about poor country because inflation,later i read post about venezuela,and now zimbabwe,that two countries have same problem,American Country and African,two different continent. but ithink not simply they can use bitcoin as answer for their problem,too much risk if they use bitcoin,and their goverment already know about this risk.