Daily Archives: February 18, 2015

The Bitcoin Group #66 Google Play Suspends Mycelium Wallet Hong Kong Considers the Banhammer ...
The Bitcoin Group discusses Mycelium, Hong Kong Banhammering Bitcoin, NY taking bitcoin for fines, Thomas Hunt #39;s move to BTCJam, and Darkleaks. Story links: ...

By: World Crypto Network

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The Bitcoin Group #66 Google Play Suspends Mycelium Wallet Hong Kong Considers the Banhammer ... - Video

Make free bitcoin (BTC-Flow)
Link to video with updated information: http://youtu.be/CtyVCEWEzNU (Update FEB 17, 2015) The affiliate program now has a commission of 25%, up from 20% in the video. (UPDATE FEB. 15, 2015)...

By: Richard Sirico

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Make free bitcoin (BTC-Flow) - Video

Samuel Kovac: Bitcoin Specialist/Lecturer And Citizen Of Former Communist Czechoslovakia
Please enjoy my recent interview with Samuel Kovac. Herein we discussed how he became an Anarchist, his experience in Communist Czechoslovakia, prohibited goods/actions under Communism, ...

By: PeacefulAnarchism

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Samuel Kovac: Bitcoin Specialist/Lecturer And Citizen Of Former Communist Czechoslovakia - Video

Bitcoin to Die its unavoidable The death of crypto and the blockchain
hi guys,i #39;m ambra,today i #39;m showing the videos of news around the world,please if you like my channel ,please like,share and subscribed to my channel.thank you.

By: Ambra Stewart

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Bitcoin to Die its unavoidable The death of crypto and the blockchain - Video

bitcoin lottery
https://sellfy.com/bitslottery the ticket cost 5$, that #39;s cheap for maybe winning 1 bitcoin or maybe even more, or maybe just empty someones account? try it, if more people play, i will give...

By: Leo Leg

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bitcoin lottery - Video

Changing cryptocurrency wallet location Dogecoin Bitcoin Litecoin

By: / DogeCoin

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Changing cryptocurrency wallet location Dogecoin Bitcoin Litecoin - Video

Virtual CoinBox crypto market place bitcoin litecoin dogecoin

By: / DogeCoin

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Virtual CoinBox crypto market place bitcoin litecoin dogecoin - Video

Story highlights It costs less to send Bitcoins overseas than traditional money In Sub-Saharan Africa, 75% of the population don't have a bank account African services like Beam and BitPesa convert Bitcoin to local currencies Established money transfer players pose a challenge to Bitcoin

CNN Marketplace Africa covers the macro trends impacting the region and also focuses on the continent's key industries and corporations.

Bitcoin -- the world's much talked about cryptocurrency -- is just that. It can't be printed, it can't be directly controlled by governments or central banks, but it can be sent around the world instantly at a low cost.

And in sub-Saharan Africa, where 75% of the population don't have a bank account, experts say the currency could help millions of people pay bills and get to grips with their finances.

Transferring cash via a bank or a Money Transfer Operator (MTOs) like Western Union or MoneyGram can be costly. According to the Overseas Development Institute, the average charge to transfer $200 to Africa using traditional money transfer services is 12%. If you send $200, you pay $24. The ODI added up all the transfers that happen in a year, and found remittance fees cost the African continent $1.8 billion a year.

What if that money could be spent on things, rather than fees?

As Bitcoin is a virtual peer-to-peer currency -- designed to operate on the border-less internet -- the costs of transferring money can be radically cheaper than traditional methods, and the process is much quicker.

"Bitcoin can greatly alter the remittances industry and beyond," says Michael Kimani, who heads the African Digital Currency Association, a Kenya-based group launched last May to promote digital currency technologies. "From seven days [for a transaction to clear] using banks & PayPal, down to 20 minutes speaks volumes."

African examples

Beam is a service in Ghana that converts Bitcoin sent from abroad into the local currency, cedi. Since launching three months ago, it has attracted 30 users who pay a 3% fee on each transaction rather than the average 12% from traditional transfer services.

Excerpt from:
Africans take to Bitcoin