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0 sats \ 0 replies \ @KenyaCoin 14 Dec \ on: Tando Was All The Rage At This Year’s Africa Bitcoin Conference lightning
Neither Strike's Send Money product nor Bitnob's Withdraw provide support for PayBill or Till Number (paying at the point of sale). So, advantage: Tando
Also, Tando's Send Money (person to person fiat transfers) are lightning fast (pun intended), which let's you be able to rely on the fiat payment to the recipient going though promptly. Both Strike and Bitnob rely on a third party intermediary to deliver the the fiat and, at a very high rate, will see payment stuck in a pending/processing state until the sender contacts the app's support team with a dispute.
tl;dr: Tando definitely is deserving of the praise this article gave them.
The incident has left at least 13 people dead, with several others trapped inside the structure. It remains unclear how many persons were injured. The cause of the collapse remains under investigation.
Over a decade ago, it was a One Woman Army in Botswana, ... Alakanani Itirileng (Bitcoin Lady). Great to see the bitcoin community growing and bitcoin gaining traction!
To be fair, they show burning EUR 🔥💶 🔥 as well as burning USD 🔥💵🔥
Probably wanted burning GBP 🔥💷 🔥 as well, but that was probably going a step too var for even London Mayor Sadiq Khan.
Backed or not, there never was the promise that you could redeem for gold, nonetheless any specified weight in gold (e.g., N grams)
Otherwise people would buy the discounted currency up, and redeem it, and the price of the remaining currency would rise to about the value of that weight of gold the currency represents (less redemption fees, and other costs), unless the discount is because you cannot redeem on demand, at a counter, and carrying a redeemable note might not actually yield the weight of gold (if anything) as expected.
There is a lot of shitcoinery yet -- the shitcoin platforms sponsor events and such so that's the road into the shitcoin Web.
Well, that didn't last long...
Zimbabwe knocks 40% off value of gold-backed currency
https://www.bbc.com/news/articles/c8el4kgk98eo
When you are financially poor, money that comes in must, essentially, instantly go out (i.e., there are expenses, purchases, or debts where those funds received will be used).
It's the same everywhere in the world where the poor are, but in most of Africa, being financially poor is the norm, not the exception.
Thus integration where spending bitcoin to pay in fiat is necessary, otherwise the bitcoin earned (or bought) is limited (or useless) to those who do not save and are not in a financial position to where saving in bitcoin is an option. When there is wider acceptance of bitcoin by individuals, merchants, and lenders, then at that point funds received can be turned around and spent immediately. But today, there's a wide gap between when bitcoin comes in and the ability to use it for spending that would otherwise be done in fiat funds.
The combination of Strike with mobile money drives huge things in terms of financial inclusion, not only in Malawi but in Africa as a whole.
Except, Strike actually integrates in very few countries in Africa:
There is "Send Globally", which is not reflected in the chart from the FAQ in the link (above), but even then there are significant gaps (e.g., Strike's Send Globally feature does not list Malawi as a country you can send to):
In places where Strike and Strike's Send Globally are available , ... they definitely dominate on the cost factor, relative to not only traditional remittance methods but to new fintech, p2p, and other approaches