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CoinDesk Podcast Network

AFRICA: Bitcoin Maximalism, Entrepreneurs and COVID-19 in Zimbabwe (Part 5 of a Six-Part Documentary Podcast Series)

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CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 16 April 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

In this episode, we'll join Anita Posch in Zimbabwe as she speaks with Tongayi Choto, a software developer, entrepreneur and a bitcoin maximalist. He founded Afriblocks, a Global Pan-African Freelance platform that connects professionals across the world. They talk about the problems young Zimbabweans are facing and Tongayi's approach to make lives better. Later, Anita answers listener questions about the current use of bitcoin, other methods of payment in Zimbabwe and more.

Topics:

  • Africa: high potential, but not enough opportunities
  • Pan-African Freelance network
  • Payments in cryptocurrencies
  • The use of smart contracts for releasing funds
  • Scams like MMM, Onecoin, bitclub
  • The Volatility of bitcoin being a huge problem for poor people
  • The impact of the Lightning Network in Africa
  • Internet bundles


Listener Questions:

  • What is preventing widespread usage of bitcoin? Tech? Awareness? Laws? Working, cheap alternatives (Ecocash)? Fees?
  • Are there bitcoin OGs in the community and if so are they still actively supporting the newcomers?
  • Not sure if M-Pesa is available in Zimbabwe/Botswana. But if so, why would anybody use Bitcoin instead of already available digital payment solutions such as M-Pesa?
  • Did you hear anything about http://beforward.jp and Bitcoin?
  • I am interested how well people understand, if their own governments money is good money for them (in terms of purchasing power, inflation etc). What share of people in your impression are asking themselves this question in these countries?
  • Are Zimbabweans living overseas using bitcoin for remittances? If so, how does this channel work? How do bitcoin remittances compare to alternatives like Western Union?


A note from Anita:

This podcast special and my trip to Africa would not have been possible without my sponsors and supporters. I want to thank my sponsors first: Thank you: LocalBitcoins.com a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card WalletSHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network.

This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work. Thanks goes also out to stakwork.com - stakwork is a great project that brings bitcoin into the world through earning.

One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world. Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by the Let's Talk Bitcoin Network.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Servos and greetings from Vienna.

0:07.9

My name is Anita Posh.

0:10.4

Thank you for listening to Bitcoin and Co.

0:13.2

My podcast that's introducing the philosophy, ideas and people behind Bitcoin.

0:22.1

Bitcoin in Africa, the Ubuntu Way.

0:25.9

Part 5. AfriBlocks, a pan-African network for remote jobs and answering questions.

0:34.1

Hello and welcome to the fifth part of the six-part series from Africa.

0:38.8

Yeah, we're coming to an end soon.

0:41.3

Last but not least, next week you will hear from a real Bitcoin OG from Botswana.

0:47.7

In the next minutes, you'll get to know a young man from Zimbabwe, Tongai Choto.

0:53.0

He's a software developer, entrepreneur, and as you will hear, also a Bitcoin maximalist.

0:59.1

He has founded AfriBlox, a global pan-African freelance platform that connects professionals

1:05.7

across the world.

1:07.5

In the second part of this episode, after the interview, I will answer questions

1:12.4

regarding my African journey and Bitcoin usage from some of my Twitter followers.

1:17.9

If you have a question too, feel free to visit the episode page at Bitcoinandco.com.

1:25.2

That's Bitcoin, un-D-C-O dot com, forward slash E-N-F-A-Frica 5.

1:34.6

There, you will find an audio recorder to record your question. Before we start, I want to thank my

1:40.9

sponsors.

1:43.3

This podcast special and my trip to Africa would not have been possible without my sponsors and supporters.

1:50.9

I want to thank my sponsors first.

1:53.6

Localbitcoins.com, the person-to-person Bitcoin exchange site founded in 2012.

...

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