April 26, 2024

Bitcoin in the Middle East and Africa with Sooly Kobayashi - FFS #103

57 minutes

Sooly Kobayashi joins us to talk about his perspectives on Bitcoin adoption in the Middle East and Africa, including the potential of Bitcoin mining, the impact of high fees, and driving adoption with small and medium businesses. Check it out!

Key Takeaways:

🔹 Bitcoin adoption is growing rapidly in Africa, particularly as a medium of exchange in countries with high inflation and informal markets.

🔹The Middle East has a mixed regulatory landscape, with some countries like Bahrain and the UAE embracing Bitcoin while others have stricter regulations.

🔹Creating opportunities in Bitcoin often involves taking initiative and creating your own role or business in the industry.

🔹Bitcoin aligns with Islamic principles of avoiding interest and promoting ethical business practices.

🔹Bitcoin's decentralized and permissionless nature makes it an unstoppable force that can provide financial freedom and independence. 🔹The threat of regulations and restrictions pushes individuals towards Bitcoin and creates a new global class of citizenry that doesn't have to conform to traditional laws.

🔹Bitcoin adoption in the Middle East and Africa faces challenges such as the need for a circular economy and the acceptance of Bitcoin for goods and services.

🔹The impact of ordinals on Bitcoin adoption and the challenges of Lightning Network adoption are important considerations for businesses and individuals.

🔹And More!

Connect with Sooly:

https://twitter.com/Sooly_Kobayashi

Connect with Us:

https://www.freedomfootprintshow.com/

https://twitter.com/FootprintShow

https://twitter.com/knutsvanholm

https://twitter.com/lukedewolf

Thanks to our sponsors - check out there websites for info:

BitBox: https://bitbox.swiss/freedom

Wasabi Wallet: https://wasabiwallet.io/

Bitcoin Adviser: https://content.thebitcoinadviser.com/freedom

Orange Pill App: https://www.orangepillapp.com/

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The Freedom Footprint Show is a Bitcoin podcast hosted by Knut Svanholm and Luke de Wolf.

In each episode, we explore everything from deep philosophy to practical tools to emit freedom dioxide to expand your freedom footprint. This isn't a show for bitcoin news or analysis - we dig into the deep topics that are important to us and to our guests. Join us if you want to go deeper down the rabbit hole of Bitcoin and related freedom-go-up technologies and ideas!

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By Knut Svanholm and Luke de Wolf

4.7

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