cryptochama

i am dedicating this blog to the cryptocurrency community - all of you who throw around the words "bitcoin and cryptocurrencies are best for the developing world like Africa' How can you claim to want to save what you dont understand? if you can't narrate this story , STFU! 1/

After spending time observing Kenyans on a Facebook group 52 week savings challenge with 400,000 Kenyans aged mostly between 20s and late 30s, here is what i found out about what Kenyans want of financial services/1

5/14 "You can exist outside the banking system and you are still accessing all the financial services you'd access from a bank" @pesa_africa #banksarefaceless

5/14 "You can exist outside the banking system and you are still accessing all the financial services you'd access from a bank" @pesa_africa #banksarefaceless

A journalist asked me what i thought about Kenya's blockchain taskforce recommendation to have a Central Bank Issued Digital Currency Here is a lesson from Ecuador's attempt Tldr: great idea on paper, harder in practice. Likely to fail

A network of giant balloons will soon bring internet access to remote regions of rural Kenya. Google's sister-company Loon has announced its first commercial deal: partnering with Telkom Kenya to deliver connectivity to the region. nation.co.ke/news/Google-Loo…

2/14 "The story that's never told: people have also found ways to bank themselves outside of the banking system" #socialsavings

"Kenyans with Paypal accounts linked to their Mpesa’s woke up to a rude shock, with their accounts in limited status, most of them permanently."

The Chamapesa documentary in 14 twideos - video/tweets (we'll release 1 per day to spare the spam). 1/14 How and why #mpesa scaled where traditional banks couldn't? Agent network. Low KYC requirements.

"Took me quite some time to fully internalise this: The majority of innovation today (culture, tech, service & business models, etc.) is coming from and happening in non-western markets (asia, africa, etc.). Not a fluke, but indicative of a larger global shift. Plan accordingly."

Any #Bitcoin fanboy who talks trash and spreads slander about @rogerkver, who was the most effective Bitcoin evangelist back in the wilderness years and angel invested many of the Bitcoin-related services you use today, is like a child spitting on his father.

Hashtag Bitcoin is cash cc @cryptochama teapawt.net/ProfFaustus/status/101…

"Chamas are people who decided not to wait for anyone. They want to make a savings plan. They are looking for tools to do it. If you give them that tool, they will take it.”