Financial Access and the Special Role of Internet Connectivity in the Developing World

Introduction This essay will examine the accessibility of financial and banking services in both the developed and developing world, and the enabling role played by digital technologies such as the Internet, especially in less developed countries. First, a pre-Internet, bird’s-eye view of the diffusion of banking and financial services in more developed countries is reviewed to provide background. Second, important prerequisites for improving the destiny of the unbanked and under-banked in LDCs are enumerated. Third, the modern Internet as a leapfrog technology, with an expanding role as an essential platform for financial access in emerging markets, is explored in light of these prerequisites. And lastly, a conclusion briefly summarizes the ideas advanced in this paper. Financial Services Pre-Internet in the

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Bitcoin Is No Paradise for Criminals

This brief article helps to clear up a common misconception about Bitcoin. Bitcoin is frequently portrayed as the chosen currency of crooks. There is no doubt that criminal activity has been associated with the Bitcoin ecosystem, but I would argue that cash is still king in the underworld. Jason Bloomberg writes in his recent Forbes article [1]: “Professional criminals’ number one requirement is a secure, anonymous way to move and store money, and Bitcoin fits the bill perfectly.” There’s a really big problem with that statement: it is simply and provably not true. It displays ignorance in how Bitcoin really works. In fact, Bitcoin is a potential nightmare for criminals. If they want to minimize getting caught, they’ll stick with

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Bitcoin Remittances in the Developing World

Introduction Numerous challenges to Bitcoin remittances are discussed in the course videos, especially during the interview with Luis Buenaventura, who was very informative as an entrepreneur with firsthand experience in the “rebittance” trenches of the Philippines [1]. This paper will identify the most imposing challenge facing Bitcoin remittances to LDCs and propose methods of surmounting it using BitPesa and Abra as case studies because I agree with their approaches. My view of how the Bitcoin ecosystem may evolve in the coming years, and thereby eliminate any and all obstacles to truly global P2P money transference, will also be discussed in this context. Background Developing countries depend on foreign resources to varying degrees to improve their economic destiny. The primary sources

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Case Study: A Rural Farmer in a Less Developed Country

Background and Assumptions The premise of this paper is that I am a farmer living in a rural region of a LDC; Mexico in my case. I have an entrepreneurial streak. My farm is a modestly successful enterprise, and in order to increase my profits, I have plans to expand and purchase 10 hectares of land next to my present farm. Fortunately, I live in a region with cell phone and Internet access, and use a smartphone to help manage my business affairs. I have also had the good fortune to be educated in a MDC institution of higher learning and am fully aware of the potential digital currencies and blockchain technologies can bring to my situation. My parents made

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Case Study: Demographic Influence on Digital Currency Adoption

Introduction This essay is a mini case study that compares and contrasts the lifestyles of two men and their families, and the potential for digital currency succeeding in their respective countries. Anrom Bulla hails from a rural section of a LDC which is very low on the spectrum of development. In contrast, Rana Tilla lives an affluent life in a thriving coastal city located in a MDC. The lifestyles of Anrom and Tilla are taken as data points and assumed to be representative of their respective nations. These family circumstances will be used to infer the broader demographics of each country and the corresponding style of living implied in each case. Based on these conjectures, the likelihood for digital currency to be adopted and make positive impacts in both

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Bitcoin Capital – Analysing Daily Dividends

Introduction I am writing this article to address recurring questions regarding calculating the investment returns from the daily dividends paid by the Bitcoin Capital (BC) Funds. The BC Funds are made available to professional investors on the BnkToTheFuture (BF) platform created by Simon Dixon and Max Keiser. A detailed explanation would make for an exceptionally long forum post, so the plan is to simply post a link to this document for BF investors to reference. Hopefully, this will be fairly easy and fun to read while remaining accurate in its analysis. Comments and criticism are welcome. Email me at pdq.jones(at)gmail.com. Qualifications Why me? Of course, the BF platform is for sophisticated and accredited investors, but not everyone is steeped in the minutia of finance and bitcoin. I

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