Crypto Startup Wala Is Reaching Real Africans with Ethereum Micropayments

in #wala6 years ago

In several countries throughout Africa, citizens are spending an average of 27 cents to top up their mobile airtime, and they're using a crypto token to do it.

That might sound strange to many in the crypto industry, since the vision of today's blockchains allowing the movement of millions of microtransactions across the globe has proven a challenging one to reach.

Yet, a South Africa startup, Wala, is proving that a little ingenuity and an effective embrace of a nascent technology can make cryptocurrency a better payment mechanism than any of the traditional options many citizens of African nations currently have.

This is an interesting and very in depth article on crypto micro payments in Africa. Good to see that it's built on the ethereum blockchain, but most of all it's helping the poorest of Africa see the benefits of crypto instead of seeing their money get eaten away by inflation. Be sure you have some time before you start to read this...

Read the full article here...
https://www.coindesk.com/african-startup-ethereums-scaling-issues/

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