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Africa, bitcoin, BitPesa, cryptocurrency, East Africa, economy, jpmorgan, South Africa, Zimbabwe -

When a country’s economy is in turmoil and their currency is absolutely worthless due to hyperinflation, what would you do? People in third world are turning to bitcoin, but why?   Beyond the speculative coverage on cryptocurrency, particularly on bitcoin, it’s now widely acknowledged and accepted as a valid form of payment, proving to have a very social and economic function. Many places in the third world are hit hard by a recessions from negligent banking systems or worthless currencies due to hyperinflations, turn to the virtual currency for an innovative solution.   Down in South America, Venezuela’s sunk by...

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