Residents of Nairobi are switching from carrying Fiat Cash to using Bitcoin for payments 🪙

One of Africa's largest slums, Nairobi, Kenya, are trying out Bitcoin as a pathway to financial freedom. There are no Banks, so the only other option is carrying cash, which puts the carrier at risk of robbery. Kenyans are discovering that, despite the volatility, Bitcoin does not have rapid inflation that devalues value over time like Fiat money, and if held as a savings, their purchasing power increases long term. The Private Key to their Bitcoin Wallet can be held safely as a Seed Phrase. Allowing them to access their funds even if their phone is stolen or lost.

They are most certainly using Bitcoin on the Lightning Network, where transactions are completed within the blink of an eye and for a fraction of a penny.

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