About Bitcoin in Uganda: Man's One Way to Exchange Bitcoins is No More

About Bitcoin in Uganda: Man's One Way to Exchange Bitcoins is No More

Just days ago a video surfaced and made its rounds rather quickly in the bitcoin community. In case you're not up to date, the video (Bitcoin in Uganda - Empowering People) chronicled an Ugandan immigrant's struggle in sending funds to her 20-year-old brother Ronald in Kampala in order to study. The $40 she would send via MoneyGram costed $10 to send - and took its sweet time to get to Africa. Which led up so very well into the topic of bitcoin. The woman's husband dabbled into bitcoin to send back to her brother, Ronald, back home, and emotion got the best of us.....


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Bitcoin Empowering Ugandans

Bitcoin is going to revolutionize the remittance market. Yeah, you have probably heard that one before, but when you tie a story with that statement it becomes a lot more powerful. BitcoinFilm.org has released a short documentary on how Bitcoin is empowering Ugandans. About 700 million USD is transferred back to Uganda every year with Western Union and MoneyGram taking 10-20% of the money people send to their families. Nsubugar Ronald, a 20 year-old student studying accounting and finance, knows how helpful Bitcoin can be from his own experience. Sending money to Makindye, where Ronald....