Quote from: stompix on August 15, 2017, 08:22:37 AM

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.

Interesting reads, thanks for sharing. It's good to see that at least BitPesa still appears to be going, but although sobering it's important to point out that we're not quite there yet. Bitcoiners tend to have a love affair with what could be, while often ignoring what is.

To me one take-away from Kipochi's story however was that it's not just about growing a userbase. You need to keep an eye out for the established players as well, as they won't hand you over the market all that easily. It's especially hard to disrupt an industry if you depend on the ones that you're trying to replace in the first place.

Quote from: ekoice on August 15, 2017, 09:30:23 AM

I don't know where you got news that economy is transitioned to bitcoins in bangladesh.Using bitcoins is banned in bangladesh.Even people are imprisoned if caught using bitcoins.

Got any more details on that?