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A comment on More phones, few banks, instability are transforming Somalia to cashless society.

Re:More phones, few banks, instability are transforming Soma... by pmontra on Sunday February 28, 2016 @05:47AM (#11190601)
The article is light on details. It looks like EVC is acting as a bank but how do you enter money in the system? Example: I'm going there tomorrow (not really) with a 100 USD bill, then what? It seems I have to buy one of these vouchers http://mogaguide.com/comp_catalog/index.php?ct=1&q=2&in=2&id... I wonder if there is a way to turn what will be left back to cash.

In any case, it's not like everybody is its own bank. There is one company doing the bank for everyone.

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Re:More phones, few banks, instability are transforming Soma... by genedickson on Monday February 29, 2016 @02:31AM (#11194089)
I live in California and you are wrong. They use federal reserve notes like everybody else.
[ Parent | on HN ]