Posted on

BITCOIN COMPANY SPREADING TECH LOVE TO HBCU’S IN AFRICA

BITCOIN COMPANY SPREADING TECH LOVE TO HBCU’S IN AFRICA

I Love Black People Bus Tour to Promote Black Wealth and Economic Liberation Through Cryptocurrency



WASHINGTON, DC (November 12, 2017)  Bitcoin startup, BitMari, heads to Africa for the second leg of the,Black People transatlantic tour. The campaign kicks off, November 16th, 2017, at the Tech Village in Zimbabwe and is designed to promote Black wealth and economic liberation among the minds of young HBCU students.

Throughout the month of November, stops include the University of Zimbabwe, Midlands State University, National University of Science and Technology, Bindura University of Science Education, Africa University and Great Zimbabwe University and Harare Institute of Technology.

Each destination features many activities that include focus group discussions, fintech hackathons, tech job recruitment, visits to black banks & businesses and black history quizzes. The overarching goal of the inaugural tour is to spur, promote and celebrate black business and innovation throughout the Diaspora. BitMari will also collaborate with campus leaders, local businesses and change-agents to evangelize the benefits of STEM education, entrepreneurship, and Blockchain technology.

There are three points that will be stressed during the tour. The first will be to #BuyBlack. This means supporting black businesses that are providing quality goods and services to the public. “Buying Black” will not only help sustain those businesses but will also help to create institutions that will help fortify their communities and build wealth for future generations.

The second point is to #BankBlack. This point promotes the importance of black-owned financial institutions that are sensitive to the needs and concerns of black people. An idea that was reinforced by a  2014 FDIC study that found that black-owned banks in the U.S. are significantly more likely to lend in low-to-moderate income communities and to borrowers of color than many major banks. BitMari has already started this work in The Republic of Zimbabwe, where a few months ago, they made history by becoming the first Bitcoin startup to be granted an international remittance license by an African Central bank. As a result, Zimbabweans can use BitMari’s mobile wallet to transact in Bitcoin via their commercial bank partner Agribank, bypassing the predatory fees of traditional remittance companies.

The third and final point stressed will be to #BuildBlack. This is a call for the global black community to step up and support its innovators and entrepreneurs. The theme also challenges business leaders to collaborate more in an effort to promote financial growth and collective wealth throughout the Diaspora.

Through this tour, the young, black minds of tomorrow will get the tools they need to financially empower themselves and build stronger foundations in their respective communities.

This second leg follows a fifteen stop HBCU tour across the transatlantic. Over 3,000 students participated in the events.

To learn more about the tour and activities at each stop visit iloveblackpeople.com.  For interviews please contact Sinclair Skinner 202-486-2714 or email info@bitmari.com.

ABOUT       

                                                                                                                                                                                                                                                                      BitMari was founded by HBCU graduates Sinclair Skinner and Christopher Mapondera. It serves as a Pan-African remittance service that leverages on bitcoin technology to tap into new markets of the diaspora remittance. The goal is to help countries ease the pain of financial dependence and economic uncertainty, by offering more monetary control to the people through remittances. Bitmari is the only Bitcoin based company in the world to receive a money transfer license from the central bank of Zimbabwe and have a strategic partnership with Agribank to perform remittances for their customers using Bitcoin.

 

Posted on

Bitmari on Keiser Report

Max Keiser talks to Sinclair Skinner (@SkinnerLiber8ed) of BitMari CEO about the startup and crypto landscape in Africa and about the Clinton Foundation’s role in Haiti.

Posted on

How You Can Use #BitCoin Across Africa

#BitMari for Africa, talking to the everyone in their indigenous language on the impact #bitcoin can have on their lives. The #BitMari Mobile Wallet can also be set in the indigenous language allowing any person to be able to trade across Africa using #BitCoin. Thanks to Bustop Tv

Posted on

#Bitcoin for Zimbabwe Women Farmers

Sinclair Skinner talks with Bitcoin.com Podcast about Bitcoing and The Zimbabwe Women’s Farmers Accelerator and how the women farmers are using #bitcoin as a means to trade.

Posted on

Using BitCoin as Remittance Tool – 4 Things To Know

The plans that BitMari has in store for the nation of Zimbabwe are exciting, to say the least. Currently, Zimbabwe is experiencing an economic crisis that is financially stifling for its citizens and business. Through BitMari’s Bitcoin-based solutions, Zimbabweans will be monetarily empowered, especially in the sectors of remittance payments and business funding. This new way of sending/receiving money is undoubtedly enticing to a consumer base thirsty for answers. However, before delving into the world of Bitcoin/blockchain, there are few pertinent aspects of Bitcoin to understand.

For starters, Bitcoin is a cheaper alternative to the conversion fees of traditional financial institutions, Bitcoin is not fee-less. One example of a Bitcoin fee is known as the “Miner’s fee.” This is the standard fee to perform Bitcoin transactions. The Miner’s fee acts as an incentive/reward for Bitcoin miners to maintain the network. Neglecting the Miner’s fee may result in transactions being halted. The higher the Miner’s fee, the faster the transaction will be. There is also a Bitcoin withdrawal fee. While sending Bitcoin may only cost a few cents, actually withdrawing the money requires its conversion to local currencies. This fee depends on which service you use (BitMari only charges 3%).

Secondly Bitcoin is volatile, fluctuating currency. This means that the amount the recipient withdraws may be higher than what the sender sent. Bitcoin values may climb hundreds within a few hours or days. However, the opposite is also possible. It is up to the recipient to monitor network activity, then hold on to Bitcoins or cash them out accordingly

Lastly, like any other thing in the world involving money, the scammers are out there. It is important that people interested in pursuing Bitcoin are educated. One way Bitcoin remittance services differ from traditional ones is that photo identification is not required. Scammers are constantly looking to take advantage of account information and/or security keys and will lie and cheat to be able to usurp some or all of your funds. For those sending remittance payments back to likely unknowledgeable family members, TechInAsia makes the following suggestions:

  • Educate them. Send them bitcoin security reading materials, covering 2-factor authentication and how to keep private keys, account details and PIN numbers safe. You may also want to send them a list of websites or services to avoid (or trusted websites), if a particular type of bitcoin scam is rife in the country.
  • Maintain with cash-pickup services. Suitable for smaller remittance amounts to lessen the risk of theft. May not be suitable in some countries due to high crime rate.
  • Otherwise, you can get them a bitcoin debit card. With a card in their possession, the sender can simply send money anytime s/he wants, and the receiver can use the card to make purchases or withdraw it as cash from ATMs.

Reference Article: Techinasia.com

 

Posted on

Why Now, Why The Women Farmers Accelerator #BitMari

BitMari founder Sinclair Skinner speaks about The Zimbabwe Women Farmers Accelerator and the crowdfunding program that we are running for the women’s farmers.

Posted on

Using Bitcoin To Change 100 Families – Women Farmers Accelerator Update

100 Women Farmers this planting season of 2016 are starting their farming projects through and with the help of Bitcoin via BitMari, a Pan-African bitcoin startup aiming to facilitate a cheaper means of sending money back to Africa by using bitcoin and the blockchain and it is spearheading the Zimbabwe Women Farmers Accelerator.

 

This accelerator has been started so that it can help women farmers with access to markets, inputs, expert help, access to an alternative cheaper banking with #BitCoin and access to start up funds to kickstart their season. The Zimbabwe Women Farmers Accelerator has partnered with Agribank, input suppliers and The Women Farmers Land and Agriculture Trust.

 

Bitcoin is the mainstay of their project as most of their transcribing and purchases will be done via Bitcoin using the Bitmari Wallet which they will be using on their android and iOS cellphones making sure they have access to receive, store and redeem their Bitcoins

 

These women farmers were chosen through the Women Farmers Land and Agriculture Trust  from the ten different provinces in Zimbabwe and placed in groups of ten and each group has chosen a specific crop that they would work with.

 

Group 1: Dombo Rinorarama

Mashonaland Central Mazowe

Quail birds

 

Group 2: Madamombe

Mashonaland East – Goromonzi

Tomatoes

 

Group 3: Tayambuka

Mash East – Wedza

Tomatoes

 

Group 4: Ruvimbiso

Manicaland – Mutare

Poultry- Eggs

 

Group 5: Mama Mafunyana Muqhabuko

Midlands -Kwekwe

Maize Seed

 

Group 6: Anogona ndiMai

Midlands – Churumanzi

Green Mealies

 

Group 7: Inyoni Yakugala

Bulawayo- Mzilikazi

Green Mealies

 

Group 8: Thuthukani Bomama

Bulawayo -Reigate

Green Mealies

 

Group 9: Chivavarira

Masvingo -Zaka

Green Mealies

 

Group 10: Kutenda

Harare-Nyabira

Butternut

 

BitMari is currently teaching these women farmers how to use their #BitMari and also running a tilt campaign to raise $22 500 to help these women farmers reach their desired goals and expected harvest. The farmers will have one complete year to undertake the projects they would have selected and pay back the $255 each. Successful farmers select the next group of farmers who will then receive the money for inputs from the previous year. #WomenFarmingBitCoin #YesToBitMari

Click Here to Donate today

 

 

Posted on

Zimbabwe: Embrace Technology, Farmers Urged

BitMari aims to serve the people of Zimbabwe through Bitcoin-fueled economic empowerment. Though based in the United States, the BitMari staff is in tune with what Zimbabweans need by interacting with them and factoring their concerns into the business model.

 

One of the areas that BitMari looks to aid Zimbabwe is in the agricultural sector. For example, Agriculture, Mechanisation and Irrigation Development Deputy Minister responsible for Crops and Irrigation, Davis Marapira recently made a plea to Zimbabwe farmers to embrace and utilize technology in order to boost crop production. “Our farmers are failing to reach potential yields because of lack of responsive technologies that deal with some of these problems. If not properly controlled, weeds can cause yield losses of more than 70 percent,” said Marapira.

 

Marapira made his appeal to farmers at the launch of Bayer Zimbabwe’s “new maize post emergence herbicide” called Auxo. Auxo is a chemical used against broad leaf and grass weeds. According to AllAfrica:

 

Deputy Minister Marapira said it was worrisome that 1,6 million hectares of land was put under maize every year in Zimbabwe but yields were low, compromising national food security.

He also expressed concern that a majority of farmers still use the hoe to weed their maize crop, which he said was laborious and time wasting.

“Maize forms the staple food crop hence its importance in securing livelihoods of the people.

About 1,6 million hectares are put under maize annually across the country but yields are very worrisome, with poor management of weeds and pests being one of the key challenges.

 

Surely, many farmers in Zimbabwe would love to update their farming practices. However, due to the current economic crisis, getting the tools needed for successful crop cultivation and harvesting is too heavy a financial burden. This is where BitMari steps in. Through its “Zimbabwe Women Farmers Accelerator” crowdfunding effort, the company looks to equip ten farmers from ten provinces in the nation with BitMari Bitcoin Wallets, that will make up-to-date agricultural/technological resources more attainable.

 

If BitMari is successful and women farmers who benefit from the Accelerator reach their goals, money will be cycled back through, so more women farmers can follow in their footsteps. Successful farmers equal successful economies and healthy societies. BitMari is poised to make all a reality.

 

Reference Article: www.allafrica.com

 

Posted on

What is Bitcoin?

Send and receive money the new and convenient way : source – coindesk.com

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

It’s the first example of a growing category of money known as cryptocurrency.

What makes it different from normal currencies?

Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Who created it?

A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

Who prints it?

No one. This currency isn’t physically printed in the shadows by a central bank, unaccountable to the population, and making its own rules. Those banks can simply produce more money to cover the national debt, thus devaluing their currency.

Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins are ‘mined’, using computing power in a distributed network. This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.

So you can’t churn out unlimited bitcoins?

That’s right. The bitcoin protocol – the rules that make bitcoin work – say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin).
What is bitcoin based on?

Conventional currency has been based on gold or silver. Theoretically, you knew that if you handed over a dollar at the bank, you could get some gold back (although this didn’t actually work in practice). But bitcoin isn’t based on gold; it’s based on mathematics. Around the world, people are using software programs that follow a mathematical formula to produce bitcoins. The mathematical formula is freely available, so that anyone can check it. The software is also open source, meaning that anyone can look at it to make sure that it does what it is supposed to.

What are its characteristics?

Bitcoin has several important features that set it apart from government-backed currencies.

1. It’s decentralized

The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.

2. It’s easy to set up

Conventional banks make you jump through hoops simply to open a bank account. Setting up merchant accounts for payment is another Kafkaesque task, beset by bureaucracy. However, you can set up a bitcoin address in seconds, no questions asked, and with no fees payable.

3. It’s anonymous

Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. However…
4. It’s completely transparent

…bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. The blockchain tells all. If you have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address. They just don’t know that it’s yours. There are measures that people can take to make their activities more opaque on the bitcoin network, though, such as not using the same bitcoin addresses consistently, and not transferring lots of bitcoin to a single address.

5. Transaction fees are miniscule

Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.

6. It’s fast

You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.

7. It’s non-repudiable

When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you. They’re gone forever. So, bitcoin has a lot going for it, in theory. But how does it work, in practice? Read more to find out how bitcoins are mined, what happens when a bitcoin transaction occurs, and how the network keeps track of everything.