Bitcoin World #8: Bitcoin in Zimbabwe with Anita Posch

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“I’m into Bitcoin because of the possibility to support human rights and support people’s lives.”
— Anita Posch

SHOW DESCRIPTION

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.

TIMESTAMPS

00:05:55: Introductions
00:07:03: Why Anita was drawn to Africa
00:10:03: Travelling to the third world as a homosexual
00:13:38: Water, electricity and petrol
00:18:51: Zimbabwean currency
00:21:42: Dollarized economy
00:23:42: Daily survival
00:25:51: Various social classes in Zimbabwe
00:28:30: How is Bitcoin being used?
00:33:51: Profile of Bitcoin users
00:35:15: Is there opportunity with Bitcoin for poorer people?
00:37:11: Savings culture and community spirit in Africa
00:39:51: Does Zimbabwe need Bitcoin?
00:42:40: Key management difficulty
00:44:36: Educational classes
00:48:15: Scams giving Bitcoin a bad name
00:51:01: Anita’s conclusions of her experience
00:54:16: Coronavirus in Africa
00:59:58: Bitcoin in the third world
01:01:13: Final comments

 

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SHOW NOTES

PodcastPeter McCormack