BITCOIN IN AFRICA: Hyperinflation and Zimbabwe's Multi-Currency Reality
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 March 2020
⏱️ 43 minutes
🧾️ Download transcript
Summary
In this second part of the “Bitcoin in Africa” podcast documentary series, join Anita as she learns about Zimbabwe and the country's multiple currencies. Combining on-the-ground recordings, interviews and thoughtful narration, she paints a picture of why things are how they are, as well as the state of human rights and free speech.
In the first episode we learned about the current living situation of Zimbabweans and the country's political history. Anita helped us understand why things are how they are as well as the state of human rights and free speech. In this episode you'll get to know the multi-currency world, the different forms and usages of money as well as the price fluctuations that Zimbabweans are dealing with day by day. We'll also take a look at the current regulations of cryptocurrencies, the usage of mobile payments and internet connections and the prospects of Bitcoin in Africa.
This podcast special and Anita's trip to Africa would not have been possible without her sponsors and supporters.
ANITA:
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 Wallet, SHIFT 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
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| 0:00.0 | Servos and greetings from Vienna. |
| 0:07.9 | My name is Anita Posh. |
| 0:10.5 | 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 Upuntu Way, part two, |
| 0:26.9 | Zimbabwe, living in a multi-currency world. |
| 0:30.7 | Hello again to the Bitcoin and Co-Podcast. |
| 0:33.8 | This is the second episode of a series about Bitcoin in Africa. |
| 0:38.6 | In February 2020, shortly before the beginning of quarantine and travel restrictions due to the coronavirus pandemic, |
| 0:46.4 | I traveled to Zimbabwe and Botswana to get a picture from the ground about the usage of Bitcoin in these countries. |
| 0:54.5 | Zimbabwe and Venezuela are very often named as countries where Bitcoin could be making a |
| 0:59.7 | difference in supporting people's economic situation. |
| 1:03.1 | I wanted to see by myself if this is true and in how far Bitcoin is known and used there. |
| 1:10.6 | This podcast special and my trip to Africa would not have been possible without my sponsors |
| 1:16.1 | and supporters. |
| 1:17.5 | I want to thank my sponsors first. |
| 1:20.4 | Localbitcoins.com, the person-to-person Bitcoin Exchange site founded in 2012. |
| 1:27.5 | Local Bitcoins allows you to trade directly with another person. |
| 1:32.1 | This makes the process customizable, lean and fast, as there is no corporate overhead. |
| 1:38.2 | You can get your Bitcoins instantly. |
| 1:40.8 | For every trade, Localbitcoins.com offers escrow protection to ensure the Bitcoins and both traders are safe. |
| 1:50.0 | Thanks to Shift Cryptosecurity, manufacturer of the hardware wallet Bitbox O2. |
... |
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