Post
Topic
Board Bitcoin Discussion
Re: How to transition local economy into bitcoin?
by
krishnapramod
on 15/08/2017, 09:16:07 UTC
How to transition local economy into bitcoin?

I have been reading news about how people have transitioned to bitcoin in Africa or Bangladesh, where fiat cash was used predominantly. I would like learn how they brought the change. How they motivated early adopters to use it? What early adopters did when they needed cash?

Can you please provide me resources to projects that have helped local economies use bitcoins. I would like to learn from their experience.


Bitcoin is banned in Bangladesh. Africa and other developing countries contribute to the majority of world's unbanked population. M-Pesa, a mobile phone based branchless banking service was a game changer in Africa simply because it was targeted at providing a smooth, convenient cashless solution to the unbanked people. Bitcoin has the potential to change African economy, the adoption rate is slow, but yeah Humaniq and Abra can speed it up, https://www.abra.com/blog/abra-tellers-available-in-over-170-cities/