A look at Afghanistan's burgeoning crypto scene, which Chainalysis ranked 20th globally in overall crypto adoption in 2021, after ranking among lowest last year
- For many Afghans, this week has laid bare the worst-case scenario for a country running on legacy financial rails … Tweets: @castaneda_dfo , @apompliano , @mattrosoff , @kenziesigalos , @anthony , @ftmalerts , @fantom_press , @neal_katyal , @theyankee33 , @brockpierce , and @gladstein Tweets: David FO Castaneda / @castaneda_dfo : @Techmeme @KenzieSigalos Crypto works in Afghanistan. There is no functioning central govt. Opium and weapons trafficking is a huge chunk of GDP. 20 years of violent internal strife under foreign occupation. Yup. Cryto works there alright. Pomp / @apompliano : Great read on the bitcoin and crypto industry in Afghanistan from @KenzieSigalos https://www.cnbc.com/... Matt Rosoff / @mattrosoff : Must-read story about the nascent crypto scene in Afghanistan, by MacKenzie Sigalos: https://www.cnbc.com/... MacKenzie Sigalos / @kenziesigalos : A look inside Afghanistan's #bitcoin community: https://www.cnbc.com/... Thank you @FarhanVLOGS @alibomaye @paykhar @janeygak for sharing your time & experiences w/ me. @chainalysis @sobradob @Elahamahboob @RoyaMahboob @FantomFDN @bitrefill @Lornestar @AppBreadcrumbs @hackernoon Anthony DeRosa / @anthony : A few days before the Taliban entered Kabul, Musa Ramin queued outside a bank in a fruitless attempt to withdraw cash. But unlike other Afghans in line with him that day, months earlier, he had invested a portion of his net worth into crypto. https://www.cnbc.com/... @ftmalerts : “Afghanistan's exposure to the cryptosphere was also taking place inside the presidential palace. Fantom told CNBC it had been working in tandem with the previous government. ...and..preparing for national rollout before the Taliban took over.” $FTM https://www.cnbc.com/... Fantom / @fantom_press : “One such project with the Ministry of Health involved piloting blockchain tech to track counterfeit pharmaceuticals. #Fantom says the pilot “concluded successfully,” & they had been preparing for national rollout before the Taliban took over.” $FTM #FTM https://www.cnbc.com/... Neal Katyal / @neal_katyal : As financial and other instability sadly mount in countries across the globe, it seems to me that the rise of #crypto is inevitable. https://www.cnbc.com/... Junaid Lughmani / @theyankee33 : At the very least, #Bitcoin and crypto can help some families protect what wealth they have as they leave their homeland for far and distant lands in their escape from the Taliban. Internet connection and a digital wallet is all they would need. @jack @michael_saylor @elonmusk https://twitter.com/... Brock Pierce / @brockpierce : “In Afghanistan, we don't have PayPal, Venmo, or Zelle, I have to depend on other things,” #Afghanistan is mostly cash economy, so money in Hotak's #Crypto wallet gives peace of mind that some of his wealth is safeguarded against economic instability. https://www.cnbc.com/... https://twitter.com/... Alex Gladstein / @gladstein : Great profile by @KenzieSigalos of Bitcoin adoption in Afghanistan amidst a collapsing economy and isolated financial system. When all else fails, more and more are realizing that Bitcoin still works: https://www.cnbc.com/... Expand More For Next Unexpand More For Next
A few days before the Taliban entered Kabul, Musa Ramin queued outside a bank in a fruitless attempt to withdraw cash. But unlike other Afghans in line with him that day, months earlier, he had invested a portion of his net worth into crypto. https://www.cnbc.com/...
“Afghanistan's exposure to the cryptosphere was also taking place inside the presidential palace. Fantom told CNBC it had been working in tandem with the previous government. ...and..preparing for national rollout before the Taliban took over.” $FTM https://www.cnbc.com/...
“One such project with the Ministry of Health involved piloting blockchain tech to track counterfeit pharmaceuticals. #Fantom says the pilot “concluded successfully,” & they had been preparing for national rollout before the Taliban took over.” $FTM #FTM https://www.cnbc.com/...
As financial and other instability sadly mount in countries across the globe, it seems to me that the rise of #crypto is inevitable. https://www.cnbc.com/...
At the very least, #Bitcoin and crypto can help some families protect what wealth they have as they leave their homeland for far and distant lands in their escape from the Taliban. Internet connection and a digital wallet is all they would need. @jack @michael_saylor @elonmusk ht…
“In Afghanistan, we don't have PayPal, Venmo, or Zelle, I have to depend on other things,” #Afghanistan is mostly cash economy, so money in Hotak's #Crypto wallet gives peace of mind that some of his wealth is safeguarded against economic instability. https://www.cnbc.com/... htt…
Great profile by @KenzieSigalos of Bitcoin adoption in Afghanistan amidst a collapsing economy and isolated financial system. When all else fails, more and more are realizing that Bitcoin still works: https://www.cnbc.com/...
India has ranked second, among 154 countries, in global cryptocurrency adoption according to the 2021 Global Crypto Adoption Index by Chainalysis, a blockchain data platform. Vietnam stood in the first position with an index score of 1. https://www.medianama.com/...
#Vietnam is absolutely exploding in #cryptocurrencymarket adoption!! I have to believe that @KardiaChain has played a major role in this. $KAI is still so ridiculously undervalued. If you're #crypto trading today: you'll be using #kaidex soon, promise https://www.cnbc.com/...