Finally someone targeting the markets where bit coin is most likely to succeed.
TBH, I'd love to see all the bit coin startups band together and focus on Africa. It's 1/6 of the world's population without a legit banking infrastructure. In fact, the less traditional banking a country has, the better a target market they are. Bitcoin solves a problem they have, whereas in places like the US and Europe it is merely a better mousetrap and only in the long term. Short term it is worse.
Besides countries in Africa, I would target countries based on inflation and currency volatility. The greater the inflation, the more demand there will be among regular people for for a currency free of inflation.
I completely agree. There's one problem though. Not that many African people there own computers, or even mobile phones. But next year they should start getting pretty usable $50 Android smartphones with the new low-power Cortex A7 and higher-performance versions of Android like JellyBean and later. I here there already is one around $800 that is pretty popular there. So the phones are coming.
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[ 2.8 ms ] story [ 53.9 ms ] threadTBH, I'd love to see all the bit coin startups band together and focus on Africa. It's 1/6 of the world's population without a legit banking infrastructure. In fact, the less traditional banking a country has, the better a target market they are. Bitcoin solves a problem they have, whereas in places like the US and Europe it is merely a better mousetrap and only in the long term. Short term it is worse.
Besides countries in Africa, I would target countries based on inflation and currency volatility. The greater the inflation, the more demand there will be among regular people for for a currency free of inflation.