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Somaliland has embraced mobile money, but at what price?

8 pointsby mgulaidalmost 11 years ago

1 comment

memossyalmost 11 years ago
Somaliland is one of the more interesting countries in the world, became independent back in 1991 and has been a regional success story with a complete absence of foreign aid or intervention, yet still are not recognised internationally. Far more viable as a nation state than Somalia, where intervention has continually worsened affairs..<p>Here is a documentary on Somaliland from the BBC by Simon Reeve: <a href="https://www.youtube.com/watch?v=IRET1fHLWdE" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=IRET1fHLWdE</a><p>The spread of mobile money like Zaad and the more famous m-Pesa may well eventually cause systemic instability, but this is only really likely if the next step is taken, extending credit based on mobile monetary accounts.<p>The remittance angle will be incredibly interesting given crypto coin developments..