- YouTubeA Simple Trick To Bitcoin in Kenya (And All of East Africa) \ stacker news ~bitcoin

pull down to refresh

- YouTubeA Simple Trick To Bitcoin in Kenya (And All of East Africa)youtu.be/oAIMcuuLGXc

8508 sats \ 10 comments \ @JoeNakamoto 16 Dec bitcoin_beginners

I found it very easy to introduce people to Bitcoin in Kenya.

It could also work in East Africa, and possibly with giraffes (see video) 🦒 🦒

Here's how it works:

pay the business or uber or whatever via mobile money called Mpesa.

Mpesa is EVERYWHERE in Kenya. You do this using @tando_me but be explicit, tell them you are using Bitcoin to pay them.

The business realises, "oh interesting, Bitcoin has value! It's money!"
Ask to tip them. Do it in Bitcoin.

They don't think bitcoin is a scam anymore GREAT SUCCESS because you just paid them in btc.

I found that 10 times out of 10 they say yes to the bitcoin tip.

Ask them to download @blinkbtc.

It's the best wallet for total beginners.

It's custodial, duuuh, but it has a section called "earn" in which people learn about bitcoin. Small steps.

Tip them in Bitcoin to their Blink wallet.

Use something with a fun graphic like the @CoinCorner wallet if you are filming (lol)

Or use a noncustodial wallet like @bitkitwallet if you want to explain custody vs. non custody.

Get them to download Tando.

Show that they can send money from bitcoin to fiat via Mpesa using their Blink and Tando wallets

Sounds confusing?

Yeah it kinda does when I write it down like that.

But i did this loads and it had a great strike rate.

Here's an example. Youtube link below

🧡

view all related items

95 sats \ 2 replies \ @SpaceHodler 16 Dec

In Costa Rica there is a similar thing. They have a mobile payment system called SINPE Móvil, which is only available to those with a local bank account. However, the Bitcoin Jungle wallet allows you to make SINPE payments with sats and the merchant gets colones in their bank account. So a tourist travelling there can pay with sats everywhere that accepts SINPE, without a bank account and without KYC.

I think the ability to spend sats easily is great for adoption, even if it means merchants get fiat, because when it's easy to spend sats, it incentivizes merchants to also accept sats (or at least removes the disincentive not to), which creates a positive feedback loop.

0 sats \ 1 reply \ @JoeNakamoto OP 19 Dec

I Oh nice yeah i think i've seen some videos—Bull Bitcoin have a work around right?

0 sats \ 0 replies \ @SpaceHodler 19 Dec

The Bitcoin Jungle wallet uses Bull Bitcoin as an automatic off-ramp.

I've heard the Costa Rican banks are not Bitcoin-friendly and it's not easy for the locals to buy BTC (this may have changed though?), so I'm not sure how it works, they must have a local bank account to make SINPE payments to the merchants' accounts and a way to sell BTC for CRC (maybe via CAD using the liquidity from their Canadian business).

0 sats \ 0 replies \ @Diego 16 Dec

Great work Joe

0 sats \ 1 reply \ @Manikese 16 Dec

Another great video by Joe Nakamoto.

If I ever travel out of the US, I will definitely be using these tips.

At this point I feel like people don’t know about Joe’s videos or they just don’t know what good content is. Everyone who isn’t forced to labor 18 hours per day should be watching.

100 sats \ 0 replies \ @JoeNakamoto OP 19 Dec

At this point I feel like people don’t know about Joe’s videos or they just don’t know what good content is. Everyone who isn’t forced to labor 18 hours per day should be watching.

Man that's too kind. Thank you. My goal is to brighten people's day with bitcoin content :) (if i can sneak in some bitcoin Education then it's even better!)