5min chapter

The "What is Money?" Show cover image

How the IMF and World Bank Repress the Poor with Alex Gladstein (WiM263)

The "What is Money?" Show

CHAPTER

Is There a Future for Bitcoin?

The financial system in Africa is still like very colonial. 80% of all inter-African payments are processed by an American or Western company. So now we have a new financial system being built by Africans on the Bitcoin standard. It's trending away from rent-seeking and various intermediation and monopolies. And if we can find ways to keep that balance, maybe we have a different future.

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