Re:Akon wants to run a Senegal city on cryptocurrency
by dopidopHN on Monday April 12, 2021 @07:23AM
(#26778151)
Oh sorry. I should have elaborate.
People already use telecom minute as money in Africa as a whole. The African diaspora does it abroad as well. ( I’m aware that Africa is a continent, I think it’s a broad practice. Idk, I can only speak for the Maghreb)
The use case here is :
You cousin pay you back some debt worth 50$ in telecom minute X.
You accept, spend some of it. Then realize you need to pay back someone else.
That person has no interest in telecom minute X and can only use the Y company.
You have to buy brand new Y minute. Few mécanism exists to convert one in another.
That particular crypto aims at providing that.
If that work and the fee are not outrageous. That would be massively useful.
People already use telecom minute as money in Africa as a whole. The African diaspora does it abroad as well. ( I’m aware that Africa is a continent, I think it’s a broad practice. Idk, I can only speak for the Maghreb)
The use case here is :
You cousin pay you back some debt worth 50$ in telecom minute X. You accept, spend some of it. Then realize you need to pay back someone else.
That person has no interest in telecom minute X and can only use the Y company.
You have to buy brand new Y minute. Few mécanism exists to convert one in another.
That particular crypto aims at providing that.
If that work and the fee are not outrageous. That would be massively useful.
Hope it’s help.