Mother Bitcoin is the pseudonym of a young Senegalese bitcoiner called Bineta. Bleu comme la Mer, her company, was the first to accept cryptocurrency as payment. Her family is also the first to find out and compose with complete confidence.
Mom Bitcoin is named after the initials of her very first name. The “mama”, which reflects her maternal impulses, motivates other women from West Africa to check out blockchain technology and Bitcoin (BTC) (also referred to as the mom). Cointelegraph talked with her:
” Bitcoin doesnt offer an easy way to self-finance without using a bank. Its a technological transformation that opens growth and development in Senegal.”
” There are very few females who are involved in the blockchain area in the world, and it is even worse in Senegal” I wished to highlight the function of females in crypto.
Bineta found Bitcoin for the very first time in 2017 through an odd mix of incongruous scenarios and excellent intentions. Bineta had actually wished to open her towns first bakeshop. It was located in a small fishing neighborhood called Mbour, 90 minutes south from Senegal capital, Dakar. Bineta was in dire need of cash to offer warm pains au chocolat each early morning to her neighborhood.
Bineta was stimulated by her interest after comprehensive research study. Bineta rapidly recognized that Bitcoin was more vital to her vision than any possibly risky MLM scheme. Now, Mama Bitcoin remained in mid-2017. She had actually spent hours checking out Bitcoin-related material in French along with English, equating any place possible.
Bineta drew on her past business experience and the reality that Senegal is close to the Atlantic, she allowed herself to dream larger. Bleu comme la Mer was her enthusiastic beach company.
Mbour town beach, Senegal.
Bleu comme la Mer is a platform for fishing commerce. It connects fishermen directly to consumers and gets rid of the intermediary. It is the very first organization to accept Bitcoin payments in Senegal. They accept Ether (ETH), and Tezos( XTZ) as payment. Mom Bitcoin in fact founded the Tezos West Africa neighborhood.
It is exceptionally tough to get a loan from a bank in West Africa for a business idea. This is a lot more so for women. Bineta needed to find alternative ways. Bineta attempted multi-level marketing (MLM), before speaking with a buddy from Cameroon that Bitcoin may be an excellent option.
She had actually come to the conclusion that Bitcoin was more than simply a “number-go up” technology. It could likewise construct far more than a new village.
Her understanding of Bitcoin grew as Bitcoin rates increased during 2017s bull run.
Binetas strategies were moved by the journey down the Bitcoin rabbit hole. Bineta joked that it was called the Bitcoin Boulangerie, but the pastry shop was deserted and replaced by a vision of Bitcoin in West Africa.
She kept considering the questions she was asking herself, such as: “Why is it so big yet so couple of Senegalese talk about it? Why is the media avoiding it? Why doesnt Senegal utilize this tool? And why are so couple of women discussing this?”
” The more I learned, I realized that we have this. This type of cash can assist resolve numerous issues. Bitcoin is not only a tool to liberty; the innovation behind Bitcoin, such as blockchain or decentralization, will also alter Africas advancement.
Bineta started to compose short articles about Bitcoin by means of social media websites, reaching out the Senegalese crypto and Bitcoin neighborhood, and then reevaluating her goals.
You can buy cryptocurrency with the platform to acquire sardines, squid, octopus, and shrimp – anything that can be fished out of the Atlantic– as well as squid. Bineta says:
The platform is not only created to streamline fishing, but also aims to lower overfishing, which is a typical yet damaging activity in West Africas waterways.
” Payment using cryptocurrencies shows that Bitcoin, contrary to popular belief, is a peer– to-peer payment system and not a speculative financial investment.”
Blockchain vision goes beyond cryptocurrency payments. Binetas objective is to make Bleu comme la Mer a decentralized ecommerce platform that allows anglers to log their catch and where customers can see the precise information of what was captured.
Bineta shows a prospective purchaser how crypto can be used to acquire fish. Source: Mama Bitcoin
Related: A male prepares to Orange Pill a Nation: Bitcoin Senegal
Bineta rapidly recognized that Bitcoin was more important to her vision than any potentially dangerous MLM scheme. Bitcoin is not just a tool to freedom; the technology behind Bitcoin, such as blockchain or decentralization, will also change Africas advancement.
Nevertheless, West and senegalese Africans remain hesitant about Bitcoin It is a long-standing problem to get more ladies involved in crypto, which she considers an enthusiasm job.
There is still hope. Three women were among the 20 individuals at Dakars 2022 first-ever in-person Bitcoin conference. Its a solid but modest start, unquestionably helped by Mama Bitcoins contagious enthusiasm and zest for cryptocurrency.
Celebrate Senegals victory in The Africa Cup of Nations football competition. Source: Mama Bitcoin.
Mama Bitcoin is the pseudonym of a young Senegalese bitcoiner called Bineta. Bineta discovered Bitcoin for the first time in 2017 through an odd mix of incongruous scenarios and good objectives. Bineta attempted multi-level marketing (MLM), prior to hearing from a pal from Cameroon that Bitcoin may be a great option.