BitMint for Developing Countries
BitMint is in negotiations to implement its technology in areas where banking and advanced financial services are scarce or non-existent. With BitMint technology, "priming money" is pushed directly to the personal phones of the developing people. Small frequent amounts popping up on the BitMint app, enabling boot-strapping commerce. The BitMint way creates a direct link from the source of the priming funds (e,g, The IMF) to the individual beneficiaries. Today the money goes through 'sticky fingers' intermediaries...
BitMint technology for secure phone holding, will turn the phone into a 'bank account'. Owners may keep their money (at any large amount) on their phone. BitMint electronic equivalent of the old Travelers Checks will do the trick.
|
.
.
.