[governance] Web payments

[McTim]

On Tue, Apr 16, 2013 at 4:19 PM, Ian Peter <ian.peter at ianpeter.com> wrote:
> interesting, I didn't know that.  In my country a bank account is a lot
> cheaper than a mobile phone or internet access.


If you need to spend many hours traveling to a bank AND are too poor
to pay fees/have an initial deposit, etc, opening a bank account has
many hurdles.

A mobile phone that can text is all you need, these are pretty cheap
in most of Africa.


>
> So where does bitcoin fit into this sort of equation? And is the mobile
> money bank related or non bank related? (not all paypal I hope...)


none of it is paypal.  I doubt bitcoin fits into any current mobile
money equation.

mobile money is just that, you load it onto your phone (like "airtime") using a
local agent and can transfer it via SMS/app to a bank account/phone
number/school, etc.

-- 
Cheers,

McTim
"A name indicates what we seek. An address indicates where it is. A
route indicates how we get there."  Jon Postel

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