Re:Diary of an African Cryptocurrency Miner
by Mediterraneo10 on Saturday November 04, 2017 @05:34PM
(#15627015)
> One is what proportion of ordinary people could actually get access to bitcoins in third world nations.
I don’t know about truly impoverished countries of Africa, but I have seen more Bitcoin storefronts and Bitcoin kiosks in South America and Eastern Europe than in wealthier countries of North America or Western Europe.
It’s also worth keeping in mind that Sub-Saharan Africa was very quick to adopt mobile payments. The countries may be poor, but millions of people may have phones even if they don’t have electricity or running water in their homes, and they are able to do a lot with those phones.
I don’t know about truly impoverished countries of Africa, but I have seen more Bitcoin storefronts and Bitcoin kiosks in South America and Eastern Europe than in wealthier countries of North America or Western Europe.
It’s also worth keeping in mind that Sub-Saharan Africa was very quick to adopt mobile payments. The countries may be poor, but millions of people may have phones even if they don’t have electricity or running water in their homes, and they are able to do a lot with those phones.