Many of us know cryptocurrencies only from passing headline news. Yet thoughtful people argue that such currencies will help shape an information society. Why?
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"We cannot assume that because it works in our culture, it will work in another culture," he says.
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In Haiti, 40% of the population (eleven million) still depends on subsistence agriculture. But cell phones allow them to leapfrog many traditional stages of technological development.
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In 2011, roughly 10% of Haitians had bank accounts. But by 2013, mobile digital banking via cell phones was starting to stand in for bricks-and-mortar banks.
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