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RE: Witnessing the Aftermath of Hyperinflation: Zimbabwe
It's as if America wants their dollar to be used by the world. Vietnam, Cambodia, now Zimbabwe uses American dollar. Zimbabe should be a play ground for cryptocoiners.
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.
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 :)