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RE: Witnessing the Aftermath of Hyperinflation: Zimbabwe

in #life8 years ago

I checked out localbitcoin.com and found one lone seller in Africa. He was pricing his 1 bitcoin at $900+. I agree, I think the people there would benefit greatly from using cryptocurrencies. They already use a system called M-Pesa to transfer money in micro-payments, it's connected to the cell phone companies and are billed using their cell phone accounts.

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Huh? One person selling a Bitcoin in the whole of Africa?

I was searching for the Zambia area and the only option that came up was one in Zimbabwe for that price.

Ok that makes more sense :)

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