from Hacker News

Somaliland has embraced mobile money, but at what price?

by mgulaid on 5/20/14, 6:28 PM with 1 comments

• by memossy on 5/20/14, 7:42 PM

  Somaliland is one of the more interesting countries in the world, became independent back in 1991 and has been a regional success story with a complete absence of foreign aid or intervention, yet still are not recognised internationally. Far more viable as a nation state than Somalia, where intervention has continually worsened affairs..

  Here is a documentary on Somaliland from the BBC by Simon Reeve: https://www.youtube.com/watch?v=IRET1fHLWdE

  The spread of mobile money like Zaad and the more famous m-Pesa may well eventually cause systemic instability, but this is only really likely if the next step is taken, extending credit based on mobile monetary accounts.

  The remittance angle will be incredibly interesting given crypto coin developments..