Will Bitcoin adoption be driven outside the US?
Lightspeed Venture Partners
MAY 6, 2013
In Zimbabwe, hyperinflation drove the US Dollar became the de facto local currency even while foreign currency trading was illegal. M-PESA, a payments system enabled on mobile phones, now constitutes 31% of Kenya’s GDP. Inflation, and hyperinflation, is one possible driver of Bitcoin adoption in a country.
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