Cross-Border Money Transfer In Africa: Is Bitcoin The Golden Silver Bullet?

Thanks to the wonder that is the internet, the world has in the last two decades become more connected than it was for centuries.

Thanks to the web and the computers, phones, and other devices that it powers, expressions like “it’s a small world” now seem more literal than figurative.

Think about instant messaging, video conferencing, e-commerce, and all the other “tech” that the world now takes for granted. Basically, they are all about harnessing the power of the internet to put the woman in Port-au-Prince on the same bench as the man in Tbilisi.

It’s a very connected world -- unless the topic is money; in which case, all the tech in the world begins to underwhelm.

It could be said that technology has made many aspects of human interaction seamless. But when it comes to moving money between countries, not so much.