Sep 22, · For example, on one of the world’s largest peer-to-peer bitcoin trading platform, LocalBitcoins, there are six offers for bitcoin in Zimbabwe, at the time of writing, with a total supply of less than $30, worth of BTC. Mar 16, · Zimbabwe has long been a hive of cryptocurrency trading. But aside from some rumors after the government banned forex trading in Oct , bitcoin’s fate in this country has been someone uncertain. Not for much longer, though. At long last, the Reserve Bank of Zimbabwe (RBZ) has drafted a proposal to regulate cryptocurrency. Dec 16, · Newsday Zimbabwe Everyday News using the Bitcoin trading platform as the primary trading tool will help you master this strategy as they allow users to place an initial minimum deposit and.
Zimbabwe bitcoin tradingZimbabwe Finally Decides to Regulate Cryptocurrency - allcryptocoins.de
One of the reasons for this is that immigrants use gift cards to send remittances home. Alternatively, you can set up a buy bitcoin offer. Purchasing bitcoin with gift cards is a straightforward process.
To start buying bitcoin with gift cards, sign up to Paxful today. As social justice movements leverage social media platforms like Twitter to make their voices heard, many have discovered a new tool: Bitcoin. The internet is the epicentre of social change, and it only makes sense that activists are now adding bitcoin to their arsenal. So, can cryptocurrencies provide the same level of impact on activism as social media platforms? This article explores how activists can use bitcoin.
Any activist willing to protest against injustice should know how to raise money. Protesters need banners, water, food, and medical care in case they get hurt.
These requirements come at a cost, necessitating movements to search for funds. Activists can raise money out of pocket or they can reach out to well-wishers for donations. The former option is unreliable, which means that social justice movements have to fully rely on donations. Unfortunately, government censorship can make it hard for such movements to receive donations through banks and other conventional financial institutions.
Moreover, they could punish the donors that support social justice campaigns. The EndSARS campaign, for instance, has faced challenges with receiving donations because the Flutterwave links were down for some time.
According to Tweets on the Feminist Coalition account, the Central Bank of Nigeria could have been behind the Flutterwave payment issues. However, it is unclear. Flutterwave is a payment solution in Nigeria, while the Feminist Coalition is one of the organisations that has been active in raising donations for the campaign.
Furthermore, donors outside the country where a campaign is taking place will find it challenging to send donations due to the high cost of sending money. Also, online payment platforms like PayPal are not available in every country.
That prevents people in these countries from making donations to campaigns happening in other parts of the world. Speed is also important when collecting donations. Activists will often need funds immediately to keep a campaign going long enough to make an impact. Therefore, if they are not receiving cash directly, they might have to visit a bank to withdraw large amounts of money.
That could waste a lot of precious time. Bitcoin is censorship-resistant, which means that governments cannot prevent activists from receiving donations in bitcoin. To solve the challenge of receiving donations through Flutterwave, the Feminist Coalition is now accepting bitcoin donations only.
Bitcoin is pseudonymous, which means that governments cannot easily trace bitcoin transactions to the real-world identities of the senders and recipients. That offers a sense of security to both donors and activists, especially in countries where protesting can mean beatings, jail time, or death. It is even better when social justice movements are decentralised because there are no public leaders that law enforcement can pursue.
Moreover, they can receive donations from anywhere at any time. As a result, more people can financially support causes they believe in, even though they live on another continent. Also, bitcoin transactions do not involve third parties, thereby cutting down the cost and increasing transaction speeds.
Once a donor sends BTC, the activist will receive it in minutes and fund their campaign immediately. Furthermore, buying supplies for a protest becomes easier when local businesses start accepting crypto payments. For instance, several local businesses started accepting cryptocurrencies in in support of the Hong Kong protests against Chinese influence. Fighting deep-rooted social injustices require bridging the wealth gap between the oppressors and the oppressed.
In a world where the wealthy influence political decisions in their favour, amassing wealth could be a possible solution that marginalised communities can adopt to fight discrimination. Since marginalised communities suffer discrimination from traditional financial institutions, bitcoin becomes an attractive alternative.
The censorship-resistant and easy accessibility of bitcoin means that marginalised communities can use it to create wealth and acquire financial freedom and the power to fight prejudices. By way of illustration, activists can direct part of the bitcoin donations they receive to fund small businesses in the community. As a result, financially stronger businesses can create jobs and increase the purchasing power of other community members.
Other methods that communities can use to create wealth include buying and holding bitcoin and accessing business loans in crypto. Money can help fight police brutality better than protesting on the streets. Moreover, marginalised communities can create their tokens or community currencies to improve their financial positions. Social media has made the world aware of the social injustices that take place in various parts of the world.
Now, bitcoin and other cryptocurrencies are giving the world a chance to support social justice movements financially. Together, both tools are creating a world where no one has to fight injustices alone.
Connect with us. Share Tweet. Bitcoin in Zimbabwe In fact, to many people outside Zimbabwe, the aforementioned conditions make it seem logical for Zimbabweans to switch to bitcoin and cryptocurrencies in general. Lack of Peer-to-Peer Exchanges Presence It would seem that only a few Zimbabweans are aware that it was Golix, a crypto exchange, which briefly brought this crypto alternative to the country.
Informal Crypto Trading Groups Events of forced Zimbabwe-based crypto traders to use other platforms to facilitate crypto trading. Ignorant Diaspora Meanwhile, a case has consistently been made for the utility and cost-effectiveness of using cryptocurrencies when sending remittances.
Continue Reading. You may like. Published 3 weeks ago on December 4, By Angeline Mbogo. Read these and other stories in our news roundup this week. Published 3 weeks ago on December 2, How to Buy Bitcoin with Gift Cards If you have a gift card that is unused or with a balance, you can trade it for bitcoin. The steps below will show you how to buy bitcoin with gift cards. First, ensure that the gift card you want to sell has a balance.
Also, take a photo of the receipt you received after buying your gift card. If you did not buy it, ask the person that did to send you a picture of the receipt. Bear in mind that some buyers might only accept a gift card purchased with cash.
Visit the Paxful website. Next, create an account. If you already have an account, log in. Carry out all the KYC requirements. On Paxful, that includes providing proof of your identity and address, email address verification, and phone number verification.
Also, enter the amount you wish to spend in your preferred currency. When inserting the amount, consider the gift card balance. Look for traders that are accepting the gift card you are selling. For instance, if you have an iTunes gift card, look for traders that are accepting this card. Examine their buying limits, prices, and terms. Also, review the trust rating of the seller, the feedback they have received, and if they have verified all their details. Trading with a fully-verified person reduces the risk of trading with a false trader.
You will also want to trade with an active trader. Kick start a chat if the platform offers this feature. On Paxful, you can have a live chat with the seller. Here, you shall send a photo of the gift card and proof of ownership in the form of a receipt. Since sellers could offer invalid cards, Paxful requires them to upload a security deposit of 0. The security deposit protects buyers from fraud. Most retailers allow gift cardholders to view the balance online. After the bitcoin seller has confirmed the payment, you will receive your bitcoin.
The BTC balance should reflect after a few minutes. Creating An Offer Alternatively, you can set up a buy bitcoin offer. Here is how to go about it: Log into your account. Select bitcoin as the cryptocurrency you want to buy. Choose gift cards as the payment method. Select the currency of your choice.
Pick a bitcoin rate. You can choose the market or fixed price. When dealing with online trading opportunities, especially with Bitcoin trading, it is important for you to establish the trading knowledge that will help you build the necessary trading skills, especially if you are new to all of this. So, you might wonder how to actually achieve the process of practice before you start the live trading segment.
Well, as mentioned above, the wonders of technological development are truly impressive, and platforms like the one that we are exploring today offer you exactly this. Just by exploring the demo trading feature that is significant for the Bitcoin Prime platform, you will get a chance to test all of your trading knowledge and see how you are actually dealing with the trading feature required for the process to take place.
Having this opportunity will help you get a better understanding of the live trading process that has to take place in order for you to make a profit. The Bitcoin trading process might initially seem like a complex one, however, once you start exploring all of the possibilities, you will get a chance to slowly build your experience, thus createing the necessary strategies that will help you benefit from all of the Bitcoin trading possibilities that come your way.
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