Post
Topic
Board Bitcoin Discussion
Re: How to transition local economy into bitcoin?
by
stompix
on 15/08/2017, 08:22:37 UTC
How to transition local economy into bitcoin?

I have been reading news about how people have transitioned to bitcoin in Africa or Bangladesh


Well I have read a lot of news about how bitcoin will impact in Africa and Asia and a few months and years after I learned only how nearly all the projects failed.

And it is the same story over and over

How Kipochi is Taking Bitcoin into Africa
https://www.coindesk.com/kipochi-taking-bitcoin-africa/
then
https://blog.stakeventures.com/articles/what-actually-happened-at-kipochi


Beam Launches Cheap 'Rebittance' Solution for Ghana
https://www.coindesk.com/beam-launches-cheap-rebittance-solution-ghana/
then
African Remittance Firm Beam Stops Bitcoin Service in Pivot
https://www.coindesk.com/african-remittance-beam-drops-bitcoin-pivot/

Face the truth
Most of Africa is too poor to even think of a way to get rid of poverty.
Bitcoin is not a magic wand that will turn a disaster in a flourishing economy with a simple spell.