BITCOIN CASE CASE STUDY BITCOIN CASE

SSRN Electronic Journal

Remitting money in sub-Saharan Africa has always been a problem because of infrastructural problems affecting the region. Malaŵi, being a land-locked least developed country has been greatly affected by this. The country is agro-based with a majority of the population living in villages in the rural areas. Traditional means of remitting money have proved to be either expensive or unreliable. With the advent of the mobile phone, mobile network operators have devised a solution to the age-old problem of remitting finances to rural areas. The paper looks at how the mobile network operators in Malaŵi have addressed the remittance dilemma by taking advantage of the ubiquitous nature of the mobile phone. Keywords: financial inclusion, Malaŵi, Malawi, mobile money, payment system, remittance

In recent years, interests have been shown and they are growing at an alarming rate by every second in Bitcoin an innovation which has been somehow rebelled to potentially play undenied major role in e-commerce above and beyond. It has been predicted that in a decade or few to come, Bitcoin and other crypto currencies available will be the backbone of e-commerce. The objective of this study is to come up and provide a comprehensive empirical study on the payment and investment features of Bitcoin and their implications for the conduct of e-commerce with great focus in Africa as a whole. Bitcoin is a purely peer to peer version of electronic cash which allows online payments to be sent directly from one party to another without going through a financial institution. Computerized marks give some portion of the arrangement; however, the primary advantages are lost if a believed outsider is as yet required to forestall double spending. Satoshi Nakamoto proposed an answer for the double spending issue utilizing a friend to peer network. The system timestamps exchanges by hashing them into a continuous chain of hash-based evidence of work, framing a record that can't be changed without re-trying the verification of work.

2007

… Bank Policy Research Working Paper No. …, 2005

Olivier Delouis and Brigitte Pitarakis, eds., Discovering Byzantium in Istanbul: Scholars, Institutions, and Challenges, 1800-1955 (Istanbul: Istanbul Research Institute, 2022), pp. 19–36, 2022