Debunking Kipochi, Mpesa & Bitcoin in East Africa

How To Buy Bitcoins Online With M-PESA & Exchange For Profit

submitted by techruzz to u/techruzz [link] [comments]

Bitcoin Exchange Igot Launches in Kenya via M-Pesa Integration

Bitcoin Exchange Igot Launches in Kenya via M-Pesa Integration submitted by bubbasparse to Bitcoin [link] [comments]

Bitcoin exchange expands to Kenya, sees potential in using M-Pesa

Bitcoin exchange expands to Kenya, sees potential in using M-Pesa submitted by AliBongo88 to Bitcoin [link] [comments]

Bitcoin exchange gains access to M-Pesa through acquisition

Bitcoin exchange gains access to M-Pesa through acquisition submitted by knight222 to Bitcoin [link] [comments]

Bitcoin Exchange Igot Launches in Kenya via M-Pesa Integration

Bitcoin Exchange Igot Launches in Kenya via M-Pesa Integration submitted by moon_drone to BetterBitcoin [link] [comments]

Does CBDC hinder or help bitcoin purchases

Your thoughts go here
submitted by BitcoinIsSimple to Bitcoin [link] [comments]

¿Debo comprar oro o bitcoin? Comparación de ventajas y desventajas de ambos activos

¿Debo comprar oro o bitcoin? Comparación de ventajas y desventajas de ambos activos

https://preview.redd.it/hh3edha4pse51.png?width=696&format=png&auto=webp&s=d76c7b5f5ecce0904291bad206c2755312037032
La pandemia por el Covid-19 y los últimos eventos políticos fortalecieron al bitcoin y al oro como los principales activos para el resguardo de capitales.
Según datos de Tradingview, en los últimos 6 meses el oro incrementó su precio un 20%, mientras que el bitcoin, a pesar de haber mostrado un comportamiento más volátil, aumentó un 25%.
Al momento de esta redacción el oro cotizó en $1973 por onza, y el bitcoin en $11.134 con una capitalización de $205.002.138.787.
Ambos activos son utilizados como reserva de valor a largo plazo, pero la criptomoneda tiene ventaja como método de pago por su forma digital.
Además, el BTC tiene un suministro máximo de 21 millones de unidades mientras que para el oro no se tiene muy claro cuánto queda por extraer. Los dos son escasos, pero la oferta limitada del bitcoin podría ser más atractiva para la demanda.
Binance, la mayor exchange del mundo, publicó el siguiente análisis en el que compara los aspectos más importantes del bitcoin y el oro como activos:

La resistencia falsificada

Es un término que mide la calidad de la unicidad de un activo específico. Los activos propensos a la falsificación conllevan un alto riesgo de devaluación y, a menudo, requieren métodos o herramientas de detección de falsificaciones. Es muy difícil verificar la calidad y pureza del oro, o si es oro, sin las herramientas adecuadas.
El oro físico es propenso a la falsificación y a la reducción de su pureza, mientras que el bitcoin es totalmente resistente a la falsificación. Esto es posible gracias a la red blockchain, que verifica y registra cada moneda y transacción extraída.

La portabilidad

Es un rasgo importante que te permite transferir sus activos sin problemas en poco tiempo. Ya sea que poseas oro físico o un pagaré (IOU), el oro no es fácil de transferir. Lleva días, si no semanas, transferir oro físico a una ubicación diferente o realizar una transacción.
El oro físico requiere medidas costosas de transporte y seguridad, mientras que el bitcoin se puede transferir a cualquier parte del mundo en menos de 20 minutos usando tu teléfono inteligente.

La descentralización

Se aplica tanto a la emisión como a la gobernanza de activos valiosos. La emisión y el gobierno del bitcoin están completamente descentralizados, ya que no hay una entidad central que emita o extraiga nuevos bitcoins, regule su suministro o gobierne la red.
El oro, por su parte, tiene un proceso minero muy centralizado, con solo unas pocas empresas mineras que controlan el mercado. Además su comercio también está muy centralizado, y las transacciones directas o entre personas son mínimas e ilegales en muchas partes del mundo.

Divisibilidad

Significa que el activo se puede dividir en componentes más pequeños. Este es un rasgo especialmente importante en el comercio y el intercambio de bienes. Puedes dividir el oro, pero difícilmente puedes hacerlo en casa.
Un solo bitcoin se puede dividir en 100,000,000 satoshi, y la cantidad más pequeña de satoshi que puedes transferir es de 546. ¿Te imaginas pagar por productos con granos de oro? La unidad más pequeña de oro, el «grano», pesa solo 0.0648 gramos.

La durabilidad

Es un rasgo esencial de cada inversión a largo plazo o depósito de valor. Su riqueza debe almacenarse donde no se disuelva con el tiempo y permanecer en perfectas condiciones en los próximos años.
Las monedas fiduciarias, principalmente los billetes de banco, son propensas a daños físicos, descomposición u otras disminuciones de calidad. El bitcoin se almacena digitalmente y, por lo tanto, no puede deteriorarse. También es imposible destruir bitcoins.
El oro también es muy duradero y conserva bien sus características físicas, pero puede destruirse o devaluarse. Tanto el oro como el bitcoin son muy duraderos, pero por diferentes razones.

La fungibilidad

Es la capacidad de un activo para ser intercambiado por otros bienes o activos. Los activos fungibles simplifican el proceso de intercambio y comercialización, ya que la fungibilidad implica el mismo valor entre los activos. Tanto el bitcoin como el oro son fáciles de intercambiar por diferentes activos o bienes, y ambos obtienen puntajes altos.

Bonificación

La facilidad de uso y la conciencia es un rasgo que a menudo se olvida en el debate bitcoin vs.Oro. La facilidad de uso y las expectativas afectan directamente la demanda, y sabemos que el aumento de la demanda de un activo limitado influye positivamente en el precio. El modelo de oferta y demanda es el modelo principal de determinación de precios utilizado en la teoría económica.
El uso prolongado del oro le ha dado un estado casi «sagrado». El oro es un activo casi universalmente reconocido sin importar a dónde vaya en el mundo.
Sin embargo, el bitcoin todavía está emergiendo, y solo un porcentaje relativamente pequeño de la población mundial lo sabe. También debemos tener en cuenta que para que el activo sea ampliamente adoptado debe ser fácil de usar.

¿Qué debería comprar? ¿Oro o bitcoin?

Siempre es mejor hacer tu propia investigación antes de invertir. Este artículo es una gran simplificación de un problema complejo, y no es fácil hacer predicciones basadas solo estos aspectos que hemos cubierto brevemente.
Estamos en un ecosistema criptográfico, por lo que es natural que gravitemos más hacia el bitcoin, pero no subestimemos el oro. El historial es claro.
Ambos demuestran ser una atractiva reserva de valor e inversiones a largo plazo. No esperes multiplicar tu riqueza de inmediato, invertir requiere paciencia, y entre todas las inversiones disponibles, el bitcoin y el oro favorecen especialmente a los inversores a mediano o largo plazo.

Con Binance puedes comprar bitcoins en monedas locales de Venezuela, Colombia y Argentina

En Binance, ahora con su plataforma P2P puedes comprar y vender bitcoins y otras criptomonedascon bolívares, pesos argentinos, colombianos, mexicanos, reales brasileños y soles peruanos.
Si todavía no has utilizado esta opción para comprar y vender bitcoins en tu moneda local puedes hacerlo en el siguiente enlace:
https://accounts.binance.com/es/register?ref=KR0WLIYD
submitted by Morocotacoin to u/Morocotacoin [link] [comments]

Send money or mpesa anonymously?

Weird questions but is there a way to mpesa someone a gift without my name being attached to it? Kenyan methods or international methods/apps are appreciated!

(Or I can mpesa someone 2.5k if they wanna help send 2k of it after. Pm?)
submitted by 347254 to Kenya [link] [comments]

Bitcoin’s Mainstream Adoption

Bitcoin’s Mainstream Adoption
How financial system has changed its rigid views in favor of cryptocurrencies.
by StealthEX
It goes without saying that the real value of anything can be judged only through practical, everyday use of it. With Bitcoin, as with cryptocurrencies in general, it is no different. Although the concept of a decentralized digital ledger as it is represented by the leading cryptocurrency may seem enticing and masterly on its own, ultimately, it still comes down to the actual application and usability in real life. And this is where BTC adoption within the existing financial system comes into play as one metric to gauge its genuine success or utmost failure, arguably the most telling and important one.

A medium of exchange

Bitcoin was envisioned as a peer-to-peer electronic cash system, synonymous with the idea of using it as a medium of exchange or means of payment (the latter two being essentially six of one and half a dozen of the other). As everything big out there, Bitcoin started small. What went completely unnoticed in 2008 now came to be a major factor capable of affecting the entire global financial system.
But before that, Bitcoin was used as a means of exchange and payment in the markets which shouldn’t have been there in the first place. These were the days when the Dark Web was the primary and likely only driver behind Bitcoin adoption rate, and that’s also happened to be the reason why so many governments turned heavily against it back in the day. Bitcoin had received a bad rap as a currency for conducting illegal operations, mostly selling drugs on black markets like now-defunct Silk Road.
It was not until late 2012 that Bitcoin started to attract attention of the general public after the launch of Coinbase in the summer of that year. Around that time the first attempts to regulate the top cryptocurrency had begun, and the overall negative attitude toward BTC started to change. All in all, the period between 2008 and 2012 was likely the only time in Bitcoin’s eventful and intense history when most of its adoption came about through using it as a real currency and a means of payment, even if primarily for illegal purposes and criminal activities.

A store of value and investment asset

Bitcoin today as we know it has only become possible after many thousands of speculators and investors started to pour their money into the cryptocurrency in the hope of earning off the future growth. No matter how you look at it, whether you like it or not since 2013 Bitcoin adoption has been expanding mostly by attracting people who are interested in it as an alternative, non-sovereign store of value and investment asset. Today Bitcoin as an investment asset and store of value totally took over the Bitcoin as a means of payment and exchange.
The godfather of all cryptocurrencies has seen plenty of ups and downs, which posed a valid concern regarding how it would perform as a grown-up investment asset. Now that we have seen oil prices go into negative territory and fall as low as -37 dollars per barrel, a lot of these doubts have been dispelled. It is little wonder that institutional investors are nowadays looking into Bitcoin as a robust hedge against inflation and sinking economies in a world fraught with recession risks and plagued by the coronavirus pandemic. For example, in 2019 alone cryptocurrency assets under the management of hedge funds more than doubled – to over 2 billion dollars, with around 150 hedge funds actively investing in cryptocurrencies today.
It is no surprise either that during the last couple of years Bitcoin has risen substantially in the eyes of the institutional beholders, all the way up from the bottom, from an outcast, and sometimes even an outright outlaw, to a level on par with such an established store of value as gold. The famous hedge fund manager and billionaire Paul Tudor Jones, who manages around 22 billion dollars through his BVI Global Fund, recently confirmed that he has invested a few percent of his assets in Bitcoin as a hedge against inflation and central banks printing money out of thin air. Altogether, this leaves no doubt that Bitcoin has become a viable and legit investment choice in the realm of institutional money.

A value transfer vehicle

International money transfers have always been a pain in the neck – slow, costly, complicated. As Bitcoin needs no banking institutions to conduct money transfers, be it domestic or global, it has become a value transfer vehicle of choice for people willing to send money with no involvement of banks and payments processors. Historically, making overseas remittances with Bitcoin was among the first use cases of this cryptocurrency.
Cross-border remittances have been recognized as an important source of private capital flows for developing countries. Bitcoin and its crypto brethren have firmly established themselves in this niche for the simple reason many people in poor countries don’t have a bank account and thus can’t access bank services, aside from overall poor banking infrastructure there along with reasonable concerns about the stability of national currencies in backward economies.
Without cryptocurrencies, it would be impossible to receive financial support from abroad provided by migrant workers to their families. This led to an emergence of a wide variety of bitcoin-based remittance services such as BitPesa, Rebit, Bloom, Payphil, to name but just a few, that offer such services for African and Asian countries. They are typically using Bitcoin as a value transfer medium concealing the cryptocurrency from users by converting the sender’s fiat currency into bitcoins and then converting back to the receiver’s fiat currency.

Problems and solutions

One of the major problems Bitcoin faces is not strictly specific to it as it stems from an innate conflict between the two major functions of money. As it happens, a medium of exchange function doesn’t live quite well with a store of value function. A good medium of exchange, or means of payment, should be inflationary to facilitate its use as a currency that you pay with, say, in a grocery store. On the other hand, a good store of value should be the opposite of that to maintain and possibly increase its value over time. Realistically, such a dilemma cannot be effectively resolved from within Bitcoin itself.
As a result, the main cryptocurrency has developed into a trusted, battle-tested investment asset which already established a firm foothold in the corporate investment sector. This is in stark contrast to its promise as a functional currency where Bitcoin still massively lags behind fiat. Is there any way to fix that? The solution probably lies in the separation of different functions between Bitcoin and altcoins. The former will most certainly continue to evolve as a solid store of value. Whether the latter can live up to their collective role of an efficient means of payment, we have yet to find out.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
Original article was posted on https://stealthex.io/blog/2020/07/07/bitcoins-mainstream-adoption/
submitted by Stealthex_io to StealthEX [link] [comments]

The Sun Exchange raises $3M for crypto driven solar power in Africa

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South Africa based renewable energy startup Sun Exchange has raised $3 million to close its Series A funding round totaling $4 million.
The company operates a peer-to-peer, crypto enabled business that allows individuals anywhere in the world to invest in solar infrastructure in Africa.
How’s that all work?
“You as an individual are selling electricity to a school in South Africa, via a solar panel you bought through the Sun Exchange,” explained Abe Cambridge — the startup’s founder and CEO.
“Our platform meters the electricity production of your solar panel. Arranges for the purchasing of that electricity with your chosen energy consumer, collects that money and then returns it to your Sun Exchange wallet.”
It costs roughly $5 a panel to get in and transactions occur in South African Rand or Bitcoin.
“The reason why we chose Bitcoin is we needed one universal payment system that enables micro transactions down to a millionth of a U.S. cent,” Cambridge told TechCrunch on a call.
He co-founded the Cape Town headquartered startup in 2015 to advance renewable energy infrastructure in Africa. “I realized the opportunity for solar was enormous, not just for South Africa, but for the whole of the African continent,” said Cambridge.
“What was required was a new mechanism to get Africa solar powered.”
Sub-Saharan Africa has a population of roughly 1 billion people across a massive landmass and only about half of that population has access to electricity, according to the International Energy Agency.
Recently, Sun Exchange’s main market South Africa — which boasts some of the best infrastructure in the region — has suffered from blackouts and power outages.
Image Credits: Sun Exchange
Sun Exchange has 17,000 members in 162 countries who have invested in solar power projects for schools, businesses and organizations throughout South Africa, according to company data.
The $3 million — which closed Sun Exchange’s $4 million Series A — came from the Africa Renewable Power Fund of London’s ARCH Emerging Markets Partners.
With the capital the startup plans to enter new markets. “We’re going to expand into other Sub-Saharan African countries. We’ve got some clear opportunities on our roadmap,” Cambridge said, referencing Nigeria as one of the markets Sun Exchange has researched.
There are several well-funded solar energy startups operating in Africa’s top economic and tech hubs, such as Kenya and Nigeria. In East Africa, M-Kopa sells solar hardware kits to households on credit then allows installment payments via mobile phone using M-Pesa mobile money. The venture is is backed by $161 million from investors including Steve Case and Richard Branson.
In Nigeria, Rensource shifted from a residential hardware model to building solar-powered micro utilities for large markets and other commercial structures.
Nigeria’s Rensource raises $20M to power African markets by solar
Sun Exchange operates as an asset free model and operates differently than companies that install or manufacture solar panels.
“We’re completely supplier agnostic. We are approached by solar installers who operate on the African continent. And then we partner with the best ones,” said Cambridge — who presented the startup’s model at TechCrunch Startup Battlefield in Berlin in 2017.
“We’re the marketplace that connects together the user of the solar panel to the owner of the solar panel to the installer of the solar panel.”
Abe Cambridge, Image Credits: TechCrunch
Sun Exchange generates revenues by earning margins on sales of solar panels and fees on purchases and kilowatt hours generated, according to Cambridge.
In addition to expanding in Africa, the startup looks to expand in the medium to long-term to Latin America and Southeast Asia.
“Those are also places that would really benefit from from solar energy, from the speed in which it could be deployed and the environmental improvements that going solar leads to,” said Cambridge.
Vaya Africa launches electric ride-hail taxi network

submitted by tonnie_taller to Tonnie_Taller [link] [comments]

The badeconomics of Facebook’s Libra

Facebook issued a whitepaper on the new cryptocurrency that they’re issuing, the Libra. Now, the whitepaper lacks any technical details about their plans (composition of currency basket, the exchange rate, etc.) The sources that they use are bad. But I’ll try to focus on why the Libra is a bad idea, at least at addressing the unbanked who Facebook claims to support.
So how will it work?
Facebook takes your money, puts some of it in a bank and uses the rest to buy securities from various countries. They then “mint” a new coin and give it to the user. When people want their money back, Facebook just “burns” the Libra and sells securities. This means the Libra is based on a basket of securities and bank deposits (see: Money Market Funds and Currency ETF).
What’s Facebook’s plan?
Facebook plans on tackling two problems with the Libra. The first and most important is to “bank the unbanked”, aka providing people with access to financial services. The second is to help reduce remittance fees and make it easier to transfer money. The second point will probably be how most people use the Libra.
Some issues with the Libra:
It won’t help the unbanked
Facebook’s main plan is to help the “unbanked”. In the problem statement, they acknowledge that;
“those who remain “unbanked” point to not having sufficient funds, high and unpredictable fees, banks being too far away, and lacking the necessary documentation”.
It seems that they forgot about two other reasons that were given in the World Bank paper that they cited: some people don’t need a bank account (30% of people) and some rely on family members with bank accounts (26% of people). Even so Facebook’s system will only solve two of these problems (high fees and distance) and will do nothing about the biggest reason people don’t have a bank account, not having enough money (66% of people).*
David Marcus, the current head of Calibra, said this in an update;
“The very people who say they lack the money to open a bank account are actually not saying that they have no use for modern financial services. They’re just saying they can’t afford to access the system, so they remain on the fringes and are forced to use services that charge exorbitant fees and rates.”
I guess he never read the report used by Facebook, where excessive fees was a separate reason cited by 26% of respondents.
I also want to clarify the documentation issue. This usually refers to Know-Your-Customer and anti-money laundering laws, which vary in each country. Facebook will have to adhere to these same laws when setting up Libra unless they want to get tackled by every financial regulatory agency in the world. These laws typically require identity proof and address proof, things that many poor people are unable to provide. And that means they can’t help the unbanked.
*Note that people were allowed to choose multiple reasons, so the total adds up to more than 100%
How are people going to get their Libra?
If you look at the list of corporations and organizations partnering with Facebook, it’s not very hard to notice that some pretty important firms are missing; Banks. Which begs the question, how are people going to convert their hard-earned money into Libra? In the video that they showed, it looks like people can use credit and debit cards, but that doesn’t help the unbanked. You can hand someone cash in exchange for them sending you Libra, but that’s always risky. The World Bank report gives us some potential answers;
“People using digital payments need to be able to deposit and withdraw cash safely, reliably, and conveniently at cash-in and cash-out points”.
One example is a post office. However, post offices are probably not going to accept anything other than legal tender, which means no Libra. Physical infrastructure is important, especially to serve developing countries. Facebook seems to have forgotten about that.
They don’t have phones
Facebook refers to a statistic from the World Bank that 1.7 billion adults are unbanked, of which 1 billion own mobile phones and half a billion have internet access. Let’s just ignore that last number, as I have no clue where they got it from. The 1 billion strikes me as being quite high, and there’s a reason for that. The study that they used looked at mobile phones, not just smartphones. The rhetoric that they use in their whitepaper and in official responses from the company seems to imply that Libra can only be used through apps and web browsers.
This doesn’t mean that it’s impossible to use mobile payments on non-smartphone devices; there is a very popular mobile payment system in Kenya called M-Pesa that transfers money through texts. But it will be a while before an independent developer gets that working, if it ever happens. And until then, the 50% of people in developing countries without access to smartphones will not be able to use Libra.
It’s unstable
It’s true that the Libra won’t be very volatile. But as the exchange rates of the currencies backing the Libra fluctuate, the value of the Libra is going to change as well. Facebook mentioned it in their whitepaper, so it’s not like they don’t know about it. If exchange rates swing the wrong way, users could find themselves losing a significant portion of their initial purchase. And while it’s possible that banks and retailers might start to accept Libra in transactions or to pay off mortgages, until the government starts accepting taxes in Libra (aka never), people will always have to convert Libra into something else. As long as the need for conversion exists, there will be risk.
And while we’re on this topic, lets talk about those countries with unstable currencies. Many people from those countries will invest their money into Libra. But that just causes the local currency to depreciate in value, making the poor people without access to the Libra worse off.
Additional ranting
They use the price of a phone from Best Buy to show that people across the world can buy smartphones for $40 (it’s on sale for $28 right now if you were curious). They seem to have forgotten that the US is not the only country in the world (don’t worry, it’s a pretty easy mistake for us Americans to make). Now, admittedly it’s quite hard for me to find data for minimum phone prices for all countries in the world. But then again, I’m not Facebook. I would assume that households in developing countries would have to spend a larger portion of their monthly income to buy a mobile phone than households in America.
Honestly, looking at the sources that they cited, it seems more and more like some intern just used the first search result from Google instead of doing any actual research.
It’s not cryptocurrency
Yes, it is blockchain (it actually might not be, I just don’t understand crypto very well and it doesn't really matter for this sub). It’s considered to be a stablecoin, a cryptocurrency that is tied to other assets. But that’s about the only thing that makes it a cryptocurrency. Unlike bitcoin, it should be a decent store of value and has the potential to be a medium of exchange and a unit of account if retailers start adopting it. Which means it can actually be used as money. There’s a central reserve that fully controls the Libra. And unlike other stablecoins, the Libra is also backed by securities. As far as I’m aware, assets backed by securities are securities (at least that’s my definition).
If you really think about it, transacting in Libra is like paying for your groceries or the movies using shares from a money market fund. This should be considered capital gains (or losses), and would be taxed as such. Financial regulators are really going to love that.
No interest
Facebook’s plan is that “Users of Libra do not receive a return from the reserve.” Facebook will put a portion of the user’s money into a bank account. However, any interest earned will be kept as profits. This means that people who use the Libra can’t do anything about inflation without converting it to their local currency. This seems like a big oversight for company that seems to be betting on users holding on to their Libra and not exchanging it for their local currency.
Now, for people in countries that experience hyperinflation, this is not an issue. Libra would probably be less risky than the local currency and would protect their earnings. However, for the rest of the world bank deposits just seem like a better choice.
Conclusion
Now, this doesn’t mean that Facebook doesn’t have any valid concerns. Remittance fees are extremely high for people trying to transfer money anywhere. Having greater financial inclusivity would help reduce inequality and poverty. Digital technology is likely the best way for that to happen. But the idea that Facebook will help to “bank the unbanked” is a lie.
submitted by hubstar1453 to badeconomics [link] [comments]

Courtesy message to the team

I just don’t understand why ETN is going down yet it is among the few projects with a working product. On the other side many cryptos in the top 100 with only plans on paper seem to be attracting investors. While ETN boasts of going for the 99% it should know that the 99% are not found entirely in Africa and Asia but the entire world. I am from Kenya, currently living in Canada and I can guarantee you that penetrating African market can be tough especially if the product doesn’t seem to have an advantage to what currently exists. For instance, in Kenya there is M-pesa which is the greatest thing that has ever happened to this country’s economy. With just a phone number you can send and receive money at an instant, pay for goods and services without needing a traditional bank account. You can have access to loans too. Sending money abroad from your M-Pesa account has become easier, with services like M-pesa to PayPal, M-pesa to western union , M-pesa to some select bank accounts in the Asian markets. This technology is very popular in many African countries and continues to grow. To me when I hear that "we want to bank the unbanked" I just laugh cause there is little understanding of what is really happening in these African countries. I consider many people in Africa banked but the developed world just doesn’t know since the mobile banking is quite unpopular to them. The only problem that exists is a well developed system to bridge the gap that exists between these two financial systems so that there is flow of money in both directions. And this is what ETN need to really focus on e.g making it easier purchasing things on amazon with ETN. People have money to spend in Africa it’s only that the popular mobile money system is not supported by most e-commerce services like Amazon, brokerage sites and cryptocurrency exchanges.

One thing that the ETN team seam to get it wrong is that they are trying to solve a problem that in most cases is already solved, it’s just a matter of having ETN integrated in most services that people in the developing world would love to access just like people in the developed world. This leads me to the point of price. The price REALLY matters. This is because ETN is positioning itself as the next generation currency just like bitcoin and not a share of a company. This is simple economics; nobody would want to ditch the dollar or whatever fiat currency for something that is depreciating in value thus reducing the purchasing power. Cryptocurrencies and shares are totally different things. The team should approach its visions with the goal of redeeming it's cryptocurrency. People in the developing world are not morons to waste their time in something that will not be of value to them. At the end of the day , the value of something is tied to its price especially if it’s something that is to be exchanged for goods and services.

My advice to the team will to stop promoting ETN as some sort of ‘charity’ coin but focus on bridging the gap that exists between developing and developed countries of how money moves between them. How ETN performs in the developed market will determine how it will perform in the developing world. If people in the developed world are walking away from ETN don’t expect the people in the developing world would walk towards it. The demand that will be in the developed world that have easy access to purchasing ETN on exchanges will seamlessly translate to demand of using ETN as an alternative currency in the developing world.

I hope this message gets to the ETN team. Stay strong, stay positive.
submitted by Mighty_FX_ to Electroneum [link] [comments]

Why Eliminating CASH is bad for bitcoin & gold

Why Eliminating CASH is bad for bitcoin & gold submitted by innovativerush to Bitcoin [link] [comments]

Africa's first Bitcoin wallet launches in Kenya

Africa's first Bitcoin wallet launches in Kenya submitted by waspoza to Bitcoin [link] [comments]

How Bitcoin is changing banking in Africa

How Bitcoin is changing banking in Africa submitted by _smudger_ to Bitcoin [link] [comments]

Remittance fees 'hurt Africans': research found average fees of 12% to send $200

Remittance fees 'hurt Africans': research found average fees of 12% to send $200 submitted by mkellerman to Bitcoin [link] [comments]

ORACOL XOR PLATFORM

ORACOL XOR PLATFORM
Oracol Xor platform is designed with three core pillars of development to drive our innovative mission. We arrived at this model by identifying key elements and trends related to cryptocurrency creation, adoption and distribution. The three core pillars are as follows:
1. A solution to facilitating mass adoption at the grassroots level.
Since the inception of Bitcoin, the traditional means of acquiring crypto assets has been through digital exchanges. The procedure has always involved interacting with a bank or financial institution. From here, fiat funds are transferred to the exchange, offering users the opportunity to convert fiat currency in crypto. The process is long, tedious, and requires moderate computer literacy. Recently, efforts have been made to directly connect consumers with point-of-purchase platforms via crypto ATMs located in large metropolitan areas in a few select countries and direct cash purchasing.
However, crypto ATM’s are not a sustainable solution to stimulate mass adoption as long as the machines are dispersed in a restricted area in only developed countries. It is our belief that mass adoption cannot happen while crypto ATM’s remain the only physical means by which everyday consumers are exposed to cryptocurrency. With the lack of technical computer literacy presenting a formidable barrier to access to the public, the adequacy of current solutions to mass adoption are dubious. The idea that everyone ought to carry a public cryptographic key (and guard their private key - otherwise known as a crypto wallet where purchased coins can be deposited) represents a further constraint on mass adoption as these technical concepts remain out of reach for the general public. As long as current crypto infrastructure remains in place, adoption levels will remain stagnant as mid level consumers remain reluctant to proceed with transactions. Nevertheless, relevant to this discussion is the contemporary crypto ATM network, the distribution of these ATM’s globally, and the cryptocurrencies currently contending for adoption. The tables below display ATM distribution by cryptocurrency type and ATM distribution by continent.

https://preview.redd.it/qxa6vrke09z21.png?width=636&format=png&auto=webp&s=6f292b2c2de8462448a6b497021a65a10a83258b

https://preview.redd.it/wmjf72hg09z21.png?width=634&format=png&auto=webp&s=2b9a0e2fd7f7f8d91dfdd9ace1876bc35397d65d
While it is easy to spot the shortcomings of this method, when it comes to mass distribution and usage, it is worth noting that most of the areas with low ATM penetration have strong mobile phone usage. Thus it follows that the use of phone cards is wide spread across these regions. By imitating the mobile phone card distribution model, Oracol Xor will become an instant success, enabling anyone in any part of the world – connected or not – to become a crypto currency holder. Furthermore, through this process the consumer will become part of the Oracol Xor Platform, allowing them to immediately start making mobile payments and purchases using Oracol Xor crypto currency.
• The Oracol Xor solution is as simple as it is common worldwide. We present you our LowTech solution – XOR denominated cards.
Issuance of Oracol Xor denominated cards to be sold in local currencies will be available at local stores worldwide using a distribution/marketing method similar to those of mobile phone cards. This simple but effective solution is as easy to use as a phone card, and once registered (using our data less browser solution for mobile phones) in our Gateway/Exchange the funds are instantly available without the need for any other complex processes. Funds are free to transfer between users of Oracol Gateway/Exchange and are convertible into other crypto currencies via cryptocurrency exchanges everywhere.
• Such distribution networks are easy to model after successful supply chains for phone cards that already exist.
• Finally, our grass roots method leverages decentralized distribution to build brand recognition and network participation worldwide.

https://preview.redd.it/k15ripgo09z21.png?width=372&format=png&auto=webp&s=4ec9d16ed5e4436f36539eb6e98c6a82d4edc895
2 – Develop a proprietary global telecom solution that connects areas with low data coverage to Oracol Xor mobile money.
Due to infrastructural constraints, over 3 billion people use mobile phones without reliable data access in the developing world. As a result, trading or paying with phone credits is common practice. Mobile phone solutions using 2G or 3G networks such as M-Pesa are already a success, representing a unique opportunity. Oracol Xor platform is ready to enter the market as a disruptive technology, and coupled with pillars 1 and 3 is sure to change the existing industry landscape. In 2016 $216 billion dollars were transacted through the mobile payment networks (mobile money) averaging to some 30,000.00 transactions per minute. Below are some stats and industry trends:

https://preview.redd.it/40yufi2u09z21.png?width=591&format=png&auto=webp&s=eb9ae2510ec508aad09294d3189f1292fbafa409
3 – Creating the Oracol Xor Social Network and Online presence
Social Media - No successful platform thrives without a strong social network component, with the most successful examples being Facebook and YouTube. Subscriber count and the number of average daily users across all social networks is currently staggering. However, not a single social network has yet successfully incorporated crypto currency into its ecosystem. One of the main goals of Oracol Xor platform is to develop a social media network that will incorporate the use of XOR cryptocurrency either through monetization or as a form of online payment. Once operational at full capacity the Social Media website will encourage further adoption and create its unique imprint with XOR flavor.
Given current market conditions and the complicated legislation governing most the popular social US-based media companies, Oracol Xor social media platform will locate its servers in a jurisdiction where freedom of the internet is guaranteed. It is confirmed that the number of subscribers to these companies is declining as we speak due to various factors and practices and that currently a veritable “war” for supremacy and the biggest piece of the advertising space pie is being conducted online. Oracol Xor will step in as an independent player without the restrictions that currently are hampering other companies (except the common sense restrictions such a violence, porn etc). As indicated in the statistics below, it is expected that the declining subscription numbers will continue as consumers look for alternative social networks, free from censorship and “throttling” policies. This presents us as a platform, a perfect opportunity to introduce the world to a new and innovative social networking solution that integrates cryptocurrency as a method of payment. Rumors have it that Facebook is working on integrating a possible use of Ethereum but there are no confirmed reports to date.
By pioneering this integration, Oracol Xor social network and platform will establish itself as a major force in the industry through its innovative approach to best practice, paving the way for exponential revenue growth and subscriber count. Additional income from advertisement revenue will consolidate the XOR economy and increase the overall value of the digital asset.
At this time Oracol Xor has already launched its incipient version of the Social Network website and is working towards further developing components that will enhance the use and make it more user friendly.
https://oracolxor.world
submitted by yurdi to ICOAnalysis [link] [comments]

10 Popular Mobile Apps in Africa Created by Africans

10 Popular Mobile Apps in Africa Created by Africans
This list showcases 10 popular mobile apps in Africa created by Africans, and not owned by one of the Big Five tech companies. The categories include farming, mobile payments, healthcare, entertainment and more.


The most popular mobile application in Africa is WhatsApp. The list is likely to continue with Facebook, Messenger, Instagram, Skype, Gmail, Google Maps and dozens of other apps created by the Big Five) tech companies — Facebook, Amazon, Apple, Microsoft, Google. But there are a lot of other highly successful and even life-changing apps being developed in Africa — some with millions of daily active users — that don't get enough of the spotlight.
This list showcases 10 popular mobile apps in Africa created by Africans, and not owned by one of the Big Five tech companies. The categories include farming, mobile payments, healthcare, entertainment and more.

1. M-Pesa

M-Pesa is the #1 payments app in Africa.
M-Pesa ("pesa" means "money" in Swahili) is Africa's leading mobile money service with over 37 million customers operating across seven countries: the Democratic Republic of Congo, Egypt, Ghana, Kenya, Lesotho, Mozambique and Tanzania. Safaricom, the largest mobile phone operator in Kenya as of 2016, launched M-Pesa in 2007. They provide a range of services like international transfers, loans and health provision.

2. iCow

iCow creates mobile apps for dairy farmers.
As an ambitious social enterprise, iCow makes millions of Africa’s farmers more productive and prosperous by offering easy access to relevant knowledge and connecting them with other agricultural players.

3. FarmCrowdy

FarmCrowdy empowers farmers.
FarmCrowdy is a digital agriculture platform that empowers rural farmers by providing them with seeds, farm inputs, training on farming techniques and a marketplace for the sale of their produce.

4. M-Farm

M-Farm gives timely information to farmers.
M-Farm provides a collaborative platform for the farmers to interact with cooperatives, specialists, suppliers and agro-vet stores to receive timely information about prices, weather and other agricultural aspects.

5. FlutterWave

FlutterWave makes it easier to accept payments.
FlutterWave is building payments infrastructure to connect Africa to the global economy. They make it easier for Africans to build global businesses that can make and accept any payment in Africa and around the world.

6. Paxful

Buy and sell bitcoin for gift cards and bank transfers.
Paxful is an Estonia-based peer-to-peer bitcoin exchange. The Paxful Bitcoin Wallet app makes it easy to send, receive and trade bitcoin on the go. We also recommend Redeeem for trading gift cards for bitcoin. :)

7. Refunite

Refunite helps reunite families.
With more than 1 million registered users, Refunite is non-profit organization established with a mission to help refugees and displaced persons search for their missing loved ones and family. It is the world’s largest missing persons platform in Africa for refugees and displaced populations. They also manage LevelApp which helps refugees in Sub Saharan Africa build a pathway out of poverty.

8. MedAfrica

MedAfrica connects Africans to health information and services.
MedAfrica is focused on increasing access to health related information and services in emerging markets. MedAfrica provides direct access to health-related content and services to save lives and build a healthy population. You can search, filter and view health information and local services as well as connect with doctors on the go.

9. GiftedMom

GiftedMom gives health advice to mothers.
GiftedMom is a leading mobile health information provider in Africa, serving the 400 million people who lack access to basic healthcare. They offer pregnant women and new mothers free access to health information and work to make referrals to ancillary healthcare services like lab testing and babysitters. Their mission is to prevent maternal and infant deaths.

10. IROKOtv

IROKOTV has thousands of streaming shows.
The Nigerian movie and TV series app IROKOtv has over 6,000 Nigerian and Ghanaian films, along with a selection of Bollywood, Hollywood and Korean movies. It is available to users worldwide for about $2.50 per month. Users can even save shows to their local device and watch offline.
submitted by levi_d-19 to Redeeem [link] [comments]

Possibly the greatest argument for Africa I've seen

Possibly the greatest argument for Africa I've seen submitted by monsterdrank to Bitcoin [link] [comments]

Kenya: Are Bitcoins the Future of Mobile Money?

Kenya: Are Bitcoins the Future of Mobile Money? submitted by ths1977 to Bitcoin [link] [comments]

"When you talk about M-Pesa... how else can you transfer money from one place to another... without a bank account?"

submitted by throwawizard to Bitcoin [link] [comments]

I regularly come here to get the latests news about The Bit-Coin, but what's r/buttcoin's opinion about stellar?

For me the stellar network looks like it's actually a good idea. And the community is way less toxic with decent discussions.
Give me your most critical opinion!
submitted by yeah_didnt_think_so to Buttcoin [link] [comments]

Crypto Currency is legal now in india #Bitcoin #Crypto_Currency #WazirX PesaMill Africa Crypto Exchange Launches in Kenya BitPesa - How It Works Trading BTC on BFX by BitPesa is Super Easy! BitTalks: Kenya M-Pesa Payment System vs Bitcoin

Fortunately, it is also possible to buy Bitcoin in Kenya with M-Pesa, the most popular mobile wallet in the country. Bitcoin exchange rate with Kenya Shillings, see current rate. What You Need the Following to Get Started to Trade in Bitcoin in Kenya Funds. Bitcoins are digital currencies that have value. You don’t need a lot of money to buy a Bitcoin. To get started, you need to exchange ... Provider of wholesale cryptocurrency liquidity and exchange with fast settlement. Buy and sell bitcoin at low fees, with reliable service and a simple setup. Another bitcoin exchange available to Kenyans is Remitano, an exchange that is renowned for its very effective P2P feature. It is a very safe platform, where you can buy/sell bitcoin. The services of the exchange are superb including wallet, affiliate program, P2P, and games. It supports 16 cryptos: 5 altcoins in addition to Bitcoin in P2P, and ... To exchange bitcoin please follow instructions placed below. Step 1. Decide what amount of bitcoin you want to exchange. Step 2. Fill in the form placed below and submit it to proceed to the next easy step of your conversion order. You will be redirected to secure payment page. Please, follow further instructions to complete transfer of bitcoin ... Bitcoin Exchange Guide is a hyperactive hybrid of heavy-handed cryptocurrency content curation creators from christened community contributors who focus on delivering today's bitcoin news, cryptoasset user guides and latest blockchain updates. Latest News. ICO Promoter of Vanbex Faces Police Probe in Light of Massive $22 Million Blockchain Scandal . Cryptocurrency News Shiraz J-April 1, 2019 0 ...

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Crypto Currency is legal now in india #Bitcoin #Crypto_Currency #WazirX

BFX is a new seamless interface by BitPesa to buy and sell bitcoins in Uganda, Tanzania, Nigeria, and Ghana. With saved recipients and clear rates, this is quickest and easiest way to trade ... After much anticipation, PesaMill Africa crypto exchange is finally here. The new exchange is both a peer-to-peer and centralized exchange that will enable Kenyans and Africans in general to ... Remitano - Crypto Exchange 213,058 views. 1:00. How to unlock a car door (without a key) - Duration: 8:52. Make It Easy Mechanic Recommended for you. 8:52. Warren Buffett - The World's Greatest ... Mix Play all Mix - Online PESA YouTube Income Proof#Agate Autopool#Bank Withdrawal#Abroad Working#Trust on Pearlvine International - Duration: 20:47. SUCCESS TIPS 3,222 views M-Pesa is a mobile phone-based money transfer, financing and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and ...

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