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36 sats \ 0 replies \ @SatAttack 11h \ on: Sunlight to Savings: How One Zimbabwean Farmer Is Building a Bitcoin Business bitcoin
Man Anita is a beacon of hope at all times. She brings poignant tears to my eyes whenever I hear her stories like this and I dream of traveling and championing bitcoin like she does. From her article:
There is a lot of demand for bitcoin in Zimbabwe that cannot be fulfilled. Due to international sanctions and pressure from the Reserve Bank and government, institutions and banks are banned from touching Bitcoin. As a result, there are no registered exchanges to buy bitcoin from. From a privacy perspective this is good - people obtaining bitcoin without KYC (identification), but the downside is that you need to know people personally who you can trust and who are willing to exchange US dollar to bitcoin and those are rare and ask for commissions of up to 20%.
Obviously going there and spending as many says in goods and services in the places accepting, using, and saving sats will be of huge help. But I’ve had silent apprehension about going to places like this and selling bitcoin for USD to the locals… it felt a bit dirty sounding. But as she points out, getting your hands on bitcoin is difficult, and if there really is genuine demand there, perhaps there is some real virtue to be found in providing that service. Zero mark-ups, KYC free if you pre-mix for them, or just use exclusively LN…
Putting bitcoin into these corners of the world is important for Bitcoin and thus important for all of us.