I wonder if BTC is intentionally introduced first so they think it’s actually useless.
coinfeeds-bot on
tldr; Bitcoin has been introduced in Soweto West, a neighborhood in Kibera, Kenya, Africa’s largest urban slum, through AfriBit Africa’s initiative to improve financial inclusion. Around 200 residents, including garbage collectors and merchants, use bitcoin for transactions, citing lower fees and faster processing compared to traditional platforms like M-PESA. While some see it as a path to financial freedom, experts warn of risks like volatility and overexposure in a vulnerable community. AfriBit Africa emphasizes education to mitigate risks.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
kissthesky303 on
„Hey poor guys, why don’t you start using Bitcoin now that it is at it’s all time high“
Dash775 on
We saw this in el Salvador already. Stablecoins need to be introduced first. Then let the market decide if they want speculative assets like BTC.
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I wonder if BTC is intentionally introduced first so they think it’s actually useless.
tldr; Bitcoin has been introduced in Soweto West, a neighborhood in Kibera, Kenya, Africa’s largest urban slum, through AfriBit Africa’s initiative to improve financial inclusion. Around 200 residents, including garbage collectors and merchants, use bitcoin for transactions, citing lower fees and faster processing compared to traditional platforms like M-PESA. While some see it as a path to financial freedom, experts warn of risks like volatility and overexposure in a vulnerable community. AfriBit Africa emphasizes education to mitigate risks.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
„Hey poor guys, why don’t you start using Bitcoin now that it is at it’s all time high“
We saw this in el Salvador already. Stablecoins need to be introduced first. Then let the market decide if they want speculative assets like BTC.