Post
Topic
Board India
Re: How can bitcoin penetrate rural India?
by
subvolatil
on 08/01/2014, 17:47:10 UTC

Today, these farmers have bank account with a debit card and everyone holds a mobile phone (a basic one).

1. Can something be worked out of this or do you thing the additional device (be it a simple android device) is essential .

@benson Most of them do not engage in on-line banking, they use banks to get paid, ATMs to withdraw and Paper cash to spend.
And Banking regulations don't seem to affect farmers much. I think the idea of a "community center" will lead to something similar to a co-operative bank.


Well for a  more  permanent solution  would be a low power ARM power  compute may be  a pi, it would  cost  the  co-operative less than Rs 5,000/ . it would be  safer that way, or alternatively an  android device would  give the cooperative mobility while  doing  sales. a device  connected to a  network is  essential, for doing  transaction. for storing BTC they dont  need to be on the  network. 

I for one cant  see  any other  way of  doing this .