Posts Tagged ‘Uganda’

Bitcoin in Uganda

January 6, 2016

As a currency, bitcoin is an unmitigated failure, it is extremely volatile, and you will be hard fetched to to be able to spend it.

Where though bitcoin does come into its own, is as a quick and dirty means of  transferring between currencies, across borders.

The banking crisis in Cyprus in 2013 created panic, the banks shut their doors for several days, the EU stole money from anyone with over 100,000 euros in their bank account, capital controls were introduced. A trial run for Greece two years later.  Bitcoin offered a solution. Even the University of Nicosia jumped on the bandwagon,  accepting payment of fees in bitcoin and offering a MSc in Digital Currency.

For migrant workers, sending money home is an expensive business.

Every year, migrant workers from Uganda send $700 million back home. Western Union  and MoneyGram cream off 10-20% in fees. But it is not only the fees, it may necessitate half a day off work to journey to a Western Union Office, for the recipient, it could mean a day round trip to a Western Union Office.

Bitcoin offers a reliable and fast alternative. Not only that, volatile as bitcoin is, it is a better store of value than the local currency in Uganda.

Everyone has a smartphone, not everyone has a bank account.

Bitcoin, or better still faircoin, enables countries like Uganda, to completely bypass the banking system. It would only be one step, to go shopping with your smartphone, transfer money from one bitcoin or faircoin wallet to another.

Faircoin, which can be seen as BitCoin 2.0, attempts to address some of the problems associated with bitcoin.

Scientific Love

August 8, 2012

Incredible Blues from Tshila.

Scientific Love has been released on Uganda Sings, a compilation album to raise funds for UgandSpeaks.

Unfortunately Uganda Sings has not been released on bandcamp, an oversight which hopefully will be corrected if they wish to reach maximum exposure.

Namboozo

August 6, 2012

Namboozo by Ugandan singer Tshila.

Namboozo has been released on Uganda Sings, a compilation album to raise funds for UgandSpeaks.

Unfortunately Uganda Sings has not been released on bandcamp, an oversight which hopefully will be corrected if they wish to reach maximum exposure.

UgandaSpeaks

August 6, 2012
Uganda Sings

Uganda Sings

UgandaSpeaks is grassroots voices in Uganda speaking on Uganda. It provides an interesting perspective on Uganda to the one we normally see and hear, if we see and hear at all.

Uganda Sings is a music collaboration involving some of the most talented musicians in Uganda. Five musicians contributed two songs each to the album.

Uganda Sings commemorates the golden anniversary of Uganda’s independence (1962-2012).

Proceeds from the sales of the music will benefit Uganda Speaks. The initiative is an online social media project founded by Ugandans to take back the global narrative about Uganda. It will allow Ugandans to share stories with the world from their own perspective using their own words and images.

The collection of songs takes the listener on a musical journey through Uganda. The diversity of artistic styles cover subjects that are uniquely Ugandan. The album begins and ends with songs about cities. In between are songs about relationships, struggles, and the natural beauty of Uganda.

Unfortunately Uganda Sings has not been releaased on bandcamp. An oversight which hopefully will be corrected if they wish to reach maximum exposure.


%d bloggers like this: