2. Trade in cryptocurrencies was banned by the Reserve Bank of Zimbabwe but people are relying on bitcoin to make foreign payments and to receive remittances easily as services like Western Union are usually overwhelmed and it can take more than 2 weeks for one to get their money.
I was aware of delays up to a few days, but delays of more than two weeks is completely and utterly retarded. What are usually the fees that apply to sending money through WU?
There is the need for Zimbabwean entrepreneurs to come up with more innovative ideas to move money quickly and easily using the blockchain like in the case of SPENN in Rwanda as well as ways by which people can make real and secure investments in Bitcoin and crypto.
How much more quicker and convenient can moving money be than to do it through Lightning? It's not ready for mass use, but at current stage it's usable enough for a fair number of users in need of instant and near free transactions. Another option is that if you don't mind using a custodial Lightning client, you can start receiving Bitcoin through Lightning by just installing an app.
Tether is planning to start issuing USDT on Lightning. This will trigger a wave of innovation and applications built on top of the Lightning layer.