Hi All,
I see potential in Africa.
I'm South-African and my mother is Zimbabwean. Zimbabweans have abandoned their national currency (after hyper-inflation and collapse of banks) and the US dollar is now the prevalent currency. As there are a limited supply of US dollars in the Zimbabwe economy, they are traded at a premium price. I was amused to find that a box of cigarettes cost $1US and a box of matches cost the same. They don't use cents. So nothing costs less than $1US.
Is Zimbabwe (Zim) not a place to promote Dash? Especially because so many people have been forced to relocate to places like RSA, and regularly send money back home to Zim with expensive fees (around 10%)?
Here in South Africa, those same migrant workers are not allowed to open bank accounts, which presents other opportunities to us. Other people have accounts, but have great difficulty accessing their services. For example, I have spent the last 10 years involved in a project in the Dwesa region of the rural Transkei. We provided telecoms infrastructure and computer labs at 17 regional schools. These people, with no cars, have to travel 100km over dirt roads to the nearest banks.
I'm having so many ideas! I know that these communities would adopt dash... if only it were seeded sufficiently, so that it became a legitimate means of exchange.
One of my ideas is that the Dash Treasury could fund a campaign to seed Dash in such communities. But I think that we'd need an Actuary to calculate the profit from adoption vs the cost to the network, perhaps, to see whether it makes sense. I'm thinking along the lines of giving $1US to key people in small communities. They'd need a wallet to receive the dash. Prep a small community of merchants to receive the dash. Suddenly Dash would be circulating in the community as a means-of-exchange.
I see two markets for Dash: The big investors and the "small" people who can't get bank-accounts.
Does anybody else agree on how the chaos in Africa could make sense for Dash?
https://dash-africa.com
I see potential in Africa.
I'm South-African and my mother is Zimbabwean. Zimbabweans have abandoned their national currency (after hyper-inflation and collapse of banks) and the US dollar is now the prevalent currency. As there are a limited supply of US dollars in the Zimbabwe economy, they are traded at a premium price. I was amused to find that a box of cigarettes cost $1US and a box of matches cost the same. They don't use cents. So nothing costs less than $1US.
Is Zimbabwe (Zim) not a place to promote Dash? Especially because so many people have been forced to relocate to places like RSA, and regularly send money back home to Zim with expensive fees (around 10%)?
Here in South Africa, those same migrant workers are not allowed to open bank accounts, which presents other opportunities to us. Other people have accounts, but have great difficulty accessing their services. For example, I have spent the last 10 years involved in a project in the Dwesa region of the rural Transkei. We provided telecoms infrastructure and computer labs at 17 regional schools. These people, with no cars, have to travel 100km over dirt roads to the nearest banks.
I'm having so many ideas! I know that these communities would adopt dash... if only it were seeded sufficiently, so that it became a legitimate means of exchange.
One of my ideas is that the Dash Treasury could fund a campaign to seed Dash in such communities. But I think that we'd need an Actuary to calculate the profit from adoption vs the cost to the network, perhaps, to see whether it makes sense. I'm thinking along the lines of giving $1US to key people in small communities. They'd need a wallet to receive the dash. Prep a small community of merchants to receive the dash. Suddenly Dash would be circulating in the community as a means-of-exchange.
I see two markets for Dash: The big investors and the "small" people who can't get bank-accounts.
Does anybody else agree on how the chaos in Africa could make sense for Dash?
https://dash-africa.com
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