Decentralized money.

You can now buy with Bitcoin & Tether (a cryptocurrency pegged to the US dollar) in South African shops. This means that you can keep your money in virtual dollar vaults & still use it in everyday life. I can imagine what this kind of technology could've done for countries like Turkey & Argentina whose currency has devalued considerably against the US dollar. And while the South African Rand continues to stumble against the US dollar, some stability could've been attained with the use of USDC & Tether provided that this payment system holds or isn't over-regulated to the point of becoming obsolete. South Africans no longer have to struggle with PayPal for international payments & can send or recieve money from anywhere worldwide within minutes.

M-pesa from Kenya

This blog is not monetized, if you read something that resonated with you please do the favour of sending a little cryptocurrency so I know it was appreciated.

BTC receive: 3A3xX7SGs9afxewPAeG9Gpi2azXCKBJMoG

ETH receive: 0x8932C0E3e649fF6E73FFCb161625bF4d10E05D2c

USDC receive: 0x14CAD477e3704bb3429e7769FbC32971CF60f856

Comments

The problem with a single African currency.

Preword: It's funny because one of the main reasons I found the courage to blog on African matters was due to a West African(?) gentleman who proposed the concept of a said "swal" & "zul" as a continental African currency in a blog. His boldness & conviction in his idea just captivated me & today I have to debunk this idea of his. But, hopefully, Africa sees why. African technologies & financial solutions Oh, Africa. We are so romantic; "United States of Africa", "Single African currency", "African unity", "Ubuntu"... all these fluffy, lovey-dovey concepts that will be ripped to shreds in the globalised world. I debunked why a United States of Africa would likely collapse as soon as it sees the light of day. Today, I will debunk the concept of a "Single African currency" & explain why it would leave our enemies salivating. I can't blame people who like stuff like United States of Africa...

A viable single African currency concept.

The original reason why I believe a single African currency would not work. Below is how we could attempt to make it work. The many currencies of Africa. To prevent destabilization of the continent's economy, there could be two currencies: The Lami for countries lying mostly north of the equator & the Ng'ombe for countries mostly south of the equator. Both currencies would be independent with the Lami having it's bank & headquarters in Addis Ababa while the Ng'ombe could have it's bank & headquarters in Nairobi. N.B.: Gabon, Congo-Brazzaville, DRC & Kenya would use the Ng'ombe currency while Uganda & Somalia would use the Lami currency. North of equator = Lami South of equator = Ng'ombe More stable countries with higher GDP per capita could be first to use the new currencies i.e. Seychelles, Mauritius, Gabon, Botswana, Libya, Equatorial Guinea, South Africa, Algeria, Na...

What did King Shaka look like?

I've heard some people quoting from King Shaka's praises claiming that he was "like the sun" therefore light-skinned. But I'd like to ask how comparisons with the sun equate with being light-skinned? If anything, if King Shaka was light-skinned, they'd compare him to something terrestrial like the colour of a cow hide, wood or other object because very few extraterrestrial objects have the colour of any human skin. Even white people are called "ondlebe zikhanya ilanga" ('those who have translucent ears") & not "abakhanya okwelanga" ("those who shine like the sun"). King Shaka's mother was from Elangeni & there is the Langa clan in KZN, all of them are black with many being exceptionally dark-skinned so I don't think the comparisons comparing King Shaka with the sun have anything to do with his complexion. Even the whites who first saw him & drew him wrote that he was dark & fairly tall. I also don...

Ponderings of the Man from Mpofana...

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