Bitcoin World #8: Bitcoin in Zimbabwe with Anita Posch - WBD217
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 26 April 2020
⏱️ 67 minutes
🧾️ Download transcript
Summary
Location: Zoom Date: Monday 3th March Project: Bitcoin & Co Podcast Role: Host
Earlier this year, I travelled to Venezuela to find out the reality of Bitcoin adoption in the country and what I found didn't exactly fit the widely accepted narrative. The truth is that while Bitcoin may have some use cases for the middle and upper classes, the poorest in Venezuela are surviving on a few dollars a month, and Bitcoin is not a useful currency for them.
Zimbabwe, like Venezuela, is often touted as a perfect use case for Bitcoin. Both countries have experienced hyperinflation, both have significant wealth disparity, and both have a high percentage of the population unbanked. So, is Bitcoin more widely adopted in Zimbabwe, and how can Zimbabweans take advantage of it?
In this interview, I talk to Anita Posch, Bitcoin podcaster, speaker and author. We discuss Anita's recent trip to Zimbabwe, free speech & freedom of expression, scams & MLM, hyperinflation and if and how Zimbabweans are using Bitcoin.
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Transcript
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| 0:00.0 | I'm into Bitcoin because of the possibility to support human rights and support |
| 0:09.0 | people's lives so it actually has strengthened the idea of that it is a good tool for that. |
| 0:18.0 | Hello there, how are you all? |
| 0:20.0 | How are you all managing this lockdown? I've been asking this every week really but I do hope you're all doing okay |
| 0:26.8 | I know it's a lot of stress for a lot of people I hope you're all keeping safe and healthy |
| 0:31.3 | Anyway, welcome to the what Bitcoin did podcast, The Number One Bitcoin Podcast in Bedford. |
| 0:36.8 | Show is brought to you by Cracken, the best place to buy, sell and trade Bitcoin. |
| 0:40.8 | I'm your host, Peter McCormack, and today I've got a bonus interview with my friend and one of my favorite |
| 0:45.7 | Bitcoin is in the whole world Anita Posh discussing her recent trip to Zimbabwe but before that I do have a message from my show sponsors. So first |
| 0:54.6 | up let's talk about Block Phi, my longest ever sponsor, been with the show now for |
| 0:59.3 | coming up to two years which is amazing so massive thanks to them for supporting the show and I recently just |
| 1:04.8 | recorded a show with Zach and Flory the co-founder of Block Vai to talk about how they manage |
| 1:09.8 | the recent market craziness how they manage. It's a very interesting show, |
| 1:14.3 | definitely worth checking out. They have had an amazing couple of years since they've |
| 1:18.4 | launched. They've also just raised another 30 million to keep growing their |
| 1:22.2 | business, to keep growing their business, to keep growing their |
| 1:24.0 | Bitcoin financial services. Now with Blockfire you have access to their interest |
| 1:28.7 | accounts which lets you put your Bitcoin to work and earn monthly interest payments. |
| 1:33.6 | And they also have their crypto back loans which allow you to access liquidity without selling |
| 1:38.3 | by using your crypto as collateral. |
| 1:40.6 | You can unlock up to 50% of the value of your assets in USDA. |
| 1:44.0 | They've also got their mobile app coming and the Sats back credit card |
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