Bitcoin Circular Economies in South Africa
summary
Local South African Bitcoin circular economies report concrete results: first on‑chain merchant sale in December 2021 and steady merchant onboarding through 2023, payrolls paid 100% in bitcoin in one township, and a garden project that pays two workers in sats. They use Blink wallet, Lightning, Bitrefill vouchers and stable‑sats rails, and teach spend‑and‑replace plus self‑custody with Blockstream Jade hardware. Funding comes from donations, selling boards at Lugano, and plans for microbusiness revenue to reach sustainability; merchants cite instant settlement and reduced robbery risk as main motivations.
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chapters (8)
- 0:00Bitcoin circular economies SA
- 1:06Panelists and projects
- 8:18Bitcoin in circular economies
- 14:45Merchants and customers
- 23:39Starting circular economy
- 30:51Bitcoin volatility education
- 33:44Supporting African economies
- 37:43Q&A
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