cryptochama

Muses on crypto & chamas. Loves tulips.

[cryptochama @cryptochama]

"I can calculate the motions of the heavinly bodies, but not the maddness of the people" IN 🌷

[cryptochama @cryptochama]

👻
https://t.co/ELW6kUPASn

[Kioneki @pesa_africa]

i am dedicating this blog to the cryptocurrency community - all of you who throw around the words "bitcoin and cryptocurrencies are best for the developing world like Africa'

How can you claim to want to save what you dont understand?

if you can't narrate this story , STFU! 1/

[cryptochama @cryptochama]

Fantastic research of how young Kenyans want to invest their energy 👇

[Kioneki @pesa_africa]

After spending time observing Kenyans on a Facebook group 52 week savings challenge with 400,000 Kenyans aged mostly between 20s and late 30s, here is what i found out about what Kenyans want of financial services/1

[cryptochama @cryptochama]

The Cryptochama “On chamas, Satoshi Nakamoto and the next generation of Crypto innovators” by @Chamapesa https://t.co/9ybVZL9kHz

[cryptochama @cryptochama]

@pesa_africa Not for businesses, but maybe private use.

[cryptochama @cryptochama]

I like to think of this point of the doco as the confrontation. Which in a classic 3 act piece is when we change gears. @pesa_africa https://t.co/u0ZTAfeD5o

[Chamapesa @Chamapesa]

5/14 "You can exist outside the banking system and you are still accessing all the financial services you'd access from a bank" @pesa_africa #banksarefaceless

[cryptochama @cryptochama]

"Banks are faceless, you know. They’re institutions. It’s a wall. You’re talking to this artificial person, but it’s very different to the community groups." @pesa_africa #chamapesa https://t.co/u0ZTAfeD5o

[Chamapesa @Chamapesa]

5/14 "You can exist outside the banking system and you are still accessing all the financial services you'd access from a bank" @pesa_africa #banksarefaceless

[cryptochama @cryptochama]

Kenyan Crypto Boss 👇 https://t.co/zaeEnxmzYn

[Kioneki @pesa_africa]

A journalist asked me what i thought about Kenya's blockchain taskforce recommendation to have a Central Bank Issued Digital Currency

Here is a lesson from Ecuador's attempt

Tldr: great idea on paper, harder in practice. Likely to fail

[cryptochama @cryptochama]

TIL (through lurking on the @Chamapesa telegram ch) that China is going through a bubble burst in its #p2p lending market which is very similar to the #chama space (@iang_fc)

https://t.co/1baKAifWPN

[cryptochama @cryptochama]

😰

[Kioneki @pesa_africa]

A network of giant balloons will soon bring internet access to remote regions of rural Kenya.

Google's sister-company Loon has announced its first commercial deal: partnering with Telkom Kenya to deliver connectivity to the region. https://t.co/ndetGEartK

[cryptochama @cryptochama]

[6 mins video] Social savings provide mutual incentives @tkanet
https://t.co/5hiWbyYn0d #coop #chamapesa #bitcoin

[cryptochama @cryptochama]

The story banks don't want you to know #socialsavings
Considered reflections from researcher & Kenyan crypto boss @pesa_africa

[Chamapesa @Chamapesa]

2/14 "The story that's never told: people have also found ways to bank themselves outside of the banking system" #socialsavings

[cryptochama @cryptochama]

'Chamas are people who decided not to wait for anyone. They want to make a savings plan. They are looking for tools to do it. If you give them that tool, they will take it.' @tkanet @rhian_is
https://t.co/mVenwQ2XwF #bitcoin #biashara

[cryptochama @cryptochama]

Drama ☑️ Stats ☑️ Lurking on the Chamapesa telegram ch also offers UX implementation advice.

"Some of the app features are relevant for most of east africa right out of the box"
@pesa_africa @DanfordShadrack

https://t.co/1baKAifWPN

[cryptochama @cryptochama]

SN theories aside. Lurking in the @Chamapesa telegram ch also leads to the numbers (from @kendo451) The #chama savings market in #Kenya is 1.2 mn groups managing $8 bn in assets w/ annual tx vol of about $30 bn.

This has doubled in value since 2011.

https://t.co/1baKAifWPN

[cryptochama @cryptochama]

@zawy3 @pesa_africa @Chamapesa @iang_fc @radix42 There's a thought I can get behind

[cryptochama @cryptochama]

The perks of lurking in the @Chamapesa telegram group is that you may come across SN 🤣 #cameforthetechstayedforthedrama

https://t.co/1baKAifWPN

[cryptochama @cryptochama]

@pesa_africa @Chamapesa @iang_fc @zawy3 @radix42 Satoshi is female.

[cryptochama @cryptochama]

Yes didnt see that coming

[Kioneki @pesa_africa]

"Kenyans with Paypal accounts linked to their Mpesa’s woke up to a rude shock, with their accounts in limited status, most of them permanently."

[cryptochama @cryptochama]

How and why #mpesa succeeded where big financial institutions failed? The chamapesa documentary in 14 tweets.

[Chamapesa @Chamapesa]

The Chamapesa documentary in 14 twideos - video/tweets (we'll release 1 per day to spare the spam).

1/14 How and why #mpesa scaled where traditional banks couldn't? Agent network. Low KYC requirements.

[cryptochama @cryptochama]

When it comes to mobile credit, China&East Africa are years ahead of the Americas&Europe. Not so much in Crypto, but the open mindset is. https://t.co/AMpRxnZ2vK

[Kioneki @pesa_africa]

"Took me quite some time to fully internalise this: The majority of innovation today (culture, tech, service & business models, etc.) is coming from and happening in non-western markets (asia, africa, etc.). Not a fluke, but indicative of a larger global shift. Plan accordingly."