Part 3/6:
The demonstration revealed how little it costs to transact in Bitcoin—virtually zero fees compared to traditional peers like Safaricom’s M-Pesa service, which still holds sway over cross-border payments. Here, users felt empowered by the control and immediacy that Bitcoin offers, especially in a financial landscape often marred by bureaucracy and costs.
Bitcoin as a New Financial Frontier
Despite the initial complexities, the taxi driver quickly grasped the principles of Bitcoin. This understanding reflected a broader sentiment among youthful Kenyans, who are increasingly disillusioned with traditional financial services. The dialogue led to a discussion about monopolistic practices in the financial sector and the desire for alternative systems that favor the end user.