day 3 john karanja - social local mobile payments
TRANSCRIPT
Social Local Mobile Payments
The Future of the African Digital Economy?
Growth of Social Media
KENYA 2 Million Smartphones
12 Million Internet Users
4 Million Facebook Users
500,000 Twitter Users Whatsapp Users & Groups?
Social Activism
Political Consequences
Economic Empowerment?
Social Commerce
Too CLUNKY for MICROPAYMENTS
Introducing Bitcoin
FEE < $0.02
Unforgable, governed by CRYPTOGRAPHY
Fungible, divisible 100 MILLION times
Fast, lightening speed GLOBAL transactions
Peer to Peer, no CENTRAL authority
Social Tipping
$0.001 for an African Proverb
Crowd-Funding
BITGIVE
1.Raise Awareness
2.Crowd-fund globally
3.Distribute funds quickly
4.Report back!
Social Accountability
Invest in a Social Network
11,000,000 AMPs
In Conclusion