by Jon Evans, TechCrunch
Ever tried to exchange Colombian pesos in Guatemala, or Tanzanian shillings in Zambia? I have, and believe me, it’s a Kafkaesque nightmare. Now imagine living in the developing world and trying to sell goods or services internationally. Talk about a pain point. Until Bitcoin. I believe it’s Bitcoin’s successors — whether that be Ripple/OpenCoin, or the anonymous Bitcoin bolt-on ZeroCoin, or something else still being dreamed up — that will truly change the world. But not the First World. We don’t much need Bitcoin and its descendants, at least not yet. In the developing world, though, crippled by weak currencies and byzantine payment infrastructures, a simple, seamless, frictionless, reliable international peer-to-peer payments system could be a huge, huge deal. But not until the volatility diminishes…which is to say, not until the hype here fades away. Here’s hoping that’s soon.
http://techcrunch.com/2013/04/13/beyond-the-bitcoin-bubble/
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