When I think of what has been happening here on the southern tip of Africa - supposedly one of the most advanced nations in Africa - the idea of a digital currency is downright laughable. We barely have enough electricity to sustain our economy, let alone just keep the lights on and charge our phones. And we want to put everyone's money …
When I think of what has been happening here on the southern tip of Africa - supposedly one of the most advanced nations in Africa - the idea of a digital currency is downright laughable. We barely have enough electricity to sustain our economy, let alone just keep the lights on and charge our phones. And we want to put everyone's money on their cell phones!? A huge swathe of the population can barely afford smart phones. Many go hand-to-mouth, or are in the informal economy, and can't afford taxes. Nor do they have bank accounts or credit cards. This is a sh**show in the making.
When I think of what has been happening here on the southern tip of Africa - supposedly one of the most advanced nations in Africa - the idea of a digital currency is downright laughable. We barely have enough electricity to sustain our economy, let alone just keep the lights on and charge our phones. And we want to put everyone's money on their cell phones!? A huge swathe of the population can barely afford smart phones. Many go hand-to-mouth, or are in the informal economy, and can't afford taxes. Nor do they have bank accounts or credit cards. This is a sh**show in the making.