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by SideburnsOfDoom 1462 days ago
> fincial freedom tool for billions of people, the likes of which do not browse Hacker News.

Citation needed (to put it mildly). How is Bitcoin improving on e.g. M-Pesa?

Is there much adoption compared to M-Pesa, outside of fantasy?

If you're not familiar with M-Pesa, then you don't know this subject at all.

> Those people get Bitcoin instantly.

https://www.theguardian.com/music/2022/jun/17/jay-z-bitcoin-...
2 comments
olalonde 1462 days ago
> How is Bitcoin improving on e.g. M-Pesa?

M-Pesa only works in some African countries? And it relies on the benevolence of Vodafone Group and governments?

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forum_ghost 1462 days ago
Nigeria, just one country, has 34 million crypto users. mpesa has 30.

34 > 30

is that much adoption?

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SideburnsOfDoom 1462 days ago
I'll assume that like me, you googled that. So, this is technically correct, but:

30 or 34 m users out of 206m isn't the whole market, not close.

Nigeria is an outlier, with low M-Pesa adoption as:

> The reason why this incredible product (M-Pesa) can’t be replicated in Nigeria with such success is perhaps due to what you and I as Nigerians enjoy today, the Nigerian Interbank Settlement System (NIBSS)

https://nairametrics.com/2017/09/26/why-the-m-pesa-miracle-h...

https://nibss-plc.com.ng/

https://www.crunchbase.com/organization/nigeria-inter-bank-s...

So to sum up, the huge Nigerian domestic market is covered by a SEPA-like product. It's not a bitcoin thing. Omitting that seems intentionally misleading.

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