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RE: [Vlog] Thoughts on the Unbanked, Mobile Money, Steem mobile wallet and the Steem Dollars peg

in #vlog7 years ago

In Kenya, mobile money is the number one way of transferring money from one person to the other. One of the most recognized service, Mpesa, was developed here and several countries in East Africa use it. Having the Steem Mobile wallet would be perfect and very convinient.

I also think this is the first argument about the SBD and dollar peg that I might finally agree with and to be honest least technical for me to understand. I remember sometime mid last year hackers were able to steal a bunch of US Tether which led to a steady stream of people adopting the SBD as an alternative on the back of further negative news on the Tether.

This was the time when the SBD begun pumping up which was quite welcome especially for me. The small payments I got were worth so much. It also helped the price of Steem go up as more people discovered about it and began speculating on it.

It was not sustainable though. Having the SBD pegged to a single dollar would definitely have greater benefits as an alternative to the Tether. Chances are Steem will likely attract more attention on the markets and more people will own wallets on Steemit.