[solson]

Agreed, but if there is no paper or coin cash like Sweden is proposing, how would the "Somali Banker" get digital currency to a party in the jurisdiction without paper currency? I assume it is all done in paper cash today. Barter seems impractical.

[bilbo0s]

You might have noticed I used the example of inputting Euro into the Somali system in Norway. The fact that Norway uses the Krone does not mean that Euro are not readily available. Likewise, Sweden may switch to digital, but Euro and dollars, and certainly silver and gold will be readily available. Doesn't matter that a person gives the Somali CFA in Cameroon, Euro will come out in Paris.

The Somalis are good with that sort of thing. You just tell them how much and exactly who is supposed to get it. They can make it happen. What's crazy is that they can even make it happen in war zones. Even in a place like Goma with genocidal Hutus and lunatic Tutsis running around. I suspect it actually works better in places like that because the corrupt generals need some way to get their ill gotten gains out.