Why the Developing World May Be Bitcoin's Biggest Customer
blog.nyaruka.com
blog.nyaruka.com
Glad you wrote a good article about it.
If bitcoins works, it will change the faith of developing countries and I sincerely hope it does.
From personal experience, the situation here (in Peru) like in most countries in South America is a milder version of what he describes in Africa where if you belong to the top tier of society, it is not that hard to get a credit card, but it is a big problem to get veted to collect payments. If you don't belong to that top tier, then you can hardly participate of it. (Banking use in Peru is 30%, cell phones 70+%)
While bitcoin would incredibly accelerate development of the economy, banks would not be happy at all of loosing control over a very profitable market and government would have a heart attack over tax revenue, money laundering and such.
Brilliant blog post. The best idea around Bitcoin I've heard for a while. There's probably room for a startup to help spread bitcoin in the developing world