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In several African countries people use their phone credit as a currency to barter and there are trials to use crypto instead with on/off cash ramps in the same way as the phone credit works but with the additional benefit of things like financial records to start building credit scores


Can you provide a link? None of this makes any sense. Why would anybody buy phone credit and then use that to barter instead of just buying whatever they need directly? How do you build a credit score from a record of transactions? Why do Africans that don't have access to banking are so worried about building a credit score? So many questions...


I can give a more complete answer later but here’s a link that looks relevant https://www.google.com/amp/s/amp.economist.com/finance-and-e...

Credit scores help introduce micro loans which help with social mobility and is key to bringing communities out of poverty




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