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Michael Kimani @pesa_africa
, 6 tweets, 1 min read Read on Twitter
This is an interesting story.

I have 2 thoughts to share about this
1 is regarding the need to ask for permission to use new technology

"Permission" is at odds with the whole point of what's supposed to be disruptive technology

While banks might have to ask for permission

Fintechs and entrepreneurs dont have to.
We have enough permissionless blockchains available that are free and open to use.

Permissioned distributed ledgers
Permissionless distributed ledgers

Which would you rather use?
2 is about this comment by the central bank

"The central bank also said it does not recognize cryptocurrencies, which it said are “associated with anonymity, and commonly used by criminals.”

This comment belongs in the trash bin and bitcoin obituary section
Im pretty confident bitcoin and Cryptocurrencies will be mainstream.

No doubt.
This is closer to the type of hybrid blockchain Kenyan banks might be interested in

Governed blockchain
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