From Coin Desk -“Many of the greatest challenges faced by bitcoin today – adoption, scale and regulation – mirror those of its predecessor: mobile money.
When launched in 2007, mobile money was just as foreign and raised as much alarm as bitcoin. Though it has since spread to 60 million active users, mobile money was not an overnight success. However, we now have seven years of data about its achievements and failures that we can learn from and use to shape the choices made by those in the bitcoin sphere.
Research on mobile money focuses on emerging markets, where use is concentrated and most people don’t have formal bank accounts. Digital finance has proliferated in these regions because it’s easier to roll out mobile networks than shore up information and communications technology (ICT) infrastructure.
Kenya has become the paragon of mobile money. Today, more than two-thirds of Kenyans use M-Pesa. Why did this work and what are the lingering issues and opportunities for bitcoin?’
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