pull down to refresh

- YouTubeA Simple Trick To Bitcoin in Kenya (And All of East Africa)youtu.be/oAIMcuuLGXc
8258 sats \ 5 comments \ @JoeNakamoto 16 Dec bitcoin_beginners
I found it very easy to introduce people to Bitcoin in Kenya.
It could also work in East Africa, and possibly with giraffes (see video) 🦒 🦒
Here's how it works:
  1. pay the business or uber or whatever via mobile money called Mpesa.
Mpesa is EVERYWHERE in Kenya. You do this using @tando_me but be explicit, tell them you are using Bitcoin to pay them.
  1. The business realises, "oh interesting, Bitcoin has value! It's money!"
  2. Ask to tip them. Do it in Bitcoin.
They don't think bitcoin is a scam anymore GREAT SUCCESS because you just paid them in btc.
I found that 10 times out of 10 they say yes to the bitcoin tip.
  1. Ask them to download @blinkbtc.
It's the best wallet for total beginners.
It's custodial, duuuh, but it has a section called "earn" in which people learn about bitcoin. Small steps.
  1. Tip them in Bitcoin to their Blink wallet.
Use something with a fun graphic like the @CoinCorner wallet if you are filming (lol)
Or use a noncustodial wallet like @bitkitwallet if you want to explain custody vs. non custody.
  1. Get them to download Tando.
Show that they can send money from bitcoin to fiat via Mpesa using their Blink and Tando wallets
Sounds confusing?
Yeah it kinda does when I write it down like that.
But i did this loads and it had a great strike rate.
Here's an example. Youtube link below
🧡
write
preview
related posts
95 sats \ 0 replies \ @SpaceHodler 16 Dec
In Costa Rica there is a similar thing. They have a mobile payment system called SINPE Móvil, which is only available to those with a local bank account. However, the Bitcoin Jungle wallet allows you to make SINPE payments with sats and the merchant gets colones in their bank account. So a tourist travelling there can pay with sats everywhere that accepts SINPE, without a bank account and without KYC.
I think the ability to spend sats easily is great for adoption, even if it means merchants get fiat, because when it's easy to spend sats, it incentivizes merchants to also accept sats (or at least removes the disincentive not to), which creates a positive feedback loop.
reply
0 sats \ 0 replies \ @Diego 16 Dec
Great work Joe
reply
0 sats \ 0 replies \ @Manikese 16 Dec
Another great video by Joe Nakamoto.
If I ever travel out of the US, I will definitely be using these tips.
At this point I feel like people don’t know about Joe’s videos or they just don’t know what good content is. Everyone who isn’t forced to labor 18 hours per day should be watching.
reply
0 sats \ 0 replies \ @siggy47 16 Dec
Orange pulling the giraffe. That's persistence!
reply
0 sats \ 0 replies \ @Coinsreporter 16 Dec
Another great video! Keep doing the good work. Thank you Joe.
reply