Bitcoin in Zimbabwe: Importing cars and sending money to family
-
Loading... - Patrick Kanini
- 03 Aug 2022
- 96 Views
- 0 Like
- 0 Comment
Bitcoin (BTC) is a tool for freedom and economic empowerment. For one young Zimbabwean, Ovidy, it turned his life around when he returned to his home country at the onset of the COVID-19 pandemic.
An entrepreneur who first learned of Bitcoin while living in the United States, Ovidy has since built a business with Bitcoin at its core. Below, Ovidy (center) is pictured with Paco the Bitcoin traveler (left):
Ovidy imports cars using Bitcoin. “I really like to import BMWs,” he told Cointelegraph, as well as enabling peer-to-peer remittance payments to the families of friends in Kenya and overseas. In short, Bitcoin makes him hopeful for the future.
Ovidy told Cointelegraph that he “came across Bitcoin when it was around $10,000,” during the 2017 bull run. However, he didn’t invest “because I didn’t have any knowledge about it.”
“I thought that you could Bitcoin one day and have $500; the next day you have $1,000 and it goes up and up.”
He stacked some sats over this period, but it took a few years’ learning and small experiments tinkering with Bitcoin — such as using BitPay to pay for clothes on Amazon — before he could com to grips with the decentralized digital currency. However, it was no more than a hobby and an experience that was soon forgotten. Read More…
