Purchasers of what, from Africa?
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one of many examples
Nigeria's love affair with a Norwegian fish
And less you forget Africa in general is in China's pocket. Growing every day so it is.Last edited by scooterscot; 1 November 2018, 22:05."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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You might not know... BABB BAX holders do not win from high value transactions but rather the number of users using the network, network effects are the biggest deal regardless of the value of the transaction. Africa is a place with a lot of potential users who are mostly unbanked."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostAfrica is a place with a lot of potential users who are mostly unbanked.Comment
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Won't the money laundering rules and what else there is covering international trade/purchases, be a problem for a UK based cryptobank? Or is that why they're getting a banking license in Lithuania (or wherever) as the rules are 'different'?
Not saying there isn't a market or opportunity but with the reputation of many African countries (Nigerian scams for one) I'm not sure it will be so plain sailing. Maybe that's why there are so many 'unbanked' besides not currently wanting to buy tulip off Amazon any more than the tribes in the Amazon forest. Mostly local based economy where foreign intervention isn't wanted or required, unless the local 'corruption enforcers' get a cut.
i.e. Be careful with your investments, though that doesn't only apply to cryptos.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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Originally posted by AtW View PostYeah, the banks are known to be total morons who don't know where to make money - thank God we've got tulipcoins that will fix it!"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by Hobosapien View PostWon't the money laundering rules and what else there is covering international trade/purchases, be a problem for a UK based cryptobank? Or is that why they're getting a banking license in Lithuania (or wherever) as the rules are 'different'?
Not saying there isn't a market or opportunity but with the reputation of many African countries (Nigerian scams for one) I'm not sure it will be so plain sailing. Maybe that's why there are so many 'unbanked' besides not currently wanting to buy tulip off Amazon any more than the tribes in the Amazon forest. Mostly local based economy where foreign intervention isn't wanted or required, unless the local 'corruption enforcers' get a cut.
i.e. Be careful with your investments, though that doesn't only apply to cryptos."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View Postone of many examples
Nigeria's love affair with a Norwegian fish
And less you forget Africa in general is in China's pocket. Growing every day so it is.
I'm sure Nigerians love being patronised.Comment
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Originally posted by TheGreenBastard View PostItaly and Nigeria have similar "unbanked" populations.
I'm sure Nigerians love being patronised.Comment
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