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0 sats \ 6 replies \ @Undisciplined 9 Jun \ on: Bitcoin and Rice: Building a Sats-Based Business in Malawi 🇲🇼 econ
What are the biggest reservations about using bitcoin there?
Great question. In Malawi, the biggest reservations I’ve noticed are:
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Lack of awareness – Most people still don’t know what Bitcoin is, or they confuse it with scams.
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Internet access – Many rural areas have poor connectivity, and smartphones are not widespread.
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Volatility – The price swings scare people who already struggle financially. They want stable value.
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No official support – Bitcoin isn’t banned, but it's also not recognized, so businesses and banks don’t use it.
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Education gap – Few resources are available in local languages to teach people how to use it safely.
But for someone like me—young, curious, and with a phone—it's a powerful tool. I can save, sell rice, and learn, all without needing a bank
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Are there any merchants you do business with who accept bitcoin?
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Not many yet in my area, but I’m working on building connections with local merchants who are open to accepting Bitcoin. It’s still early days, but I’m hopeful that as awareness grows, more businesses will start accepting it. How about you? Any experiences with Bitcoin-friendly merchants?
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Only online
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Nice! Online is a great start. Have you ever used Bitcoin to buy something digital or physical online? I’m hoping to try that soon myself as I learn more. Any favorite sites or platforms you’d recommend?
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ever used Bitcoin to buy something digital or physical online? I’m hoping to try that soon myself as I learn more. Any favorite sites or platforms you’d recommend?
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