#347: Bitcoin Alternative Pays You To Walk
Read the full Forbes article and watch the interview here: http://onforb.es/1TF5Q3Y. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Franky Imbesi and Nissan Bahar, social entrepreneurs working in Africa, have created a new app that will pay you to walk. Rather that use computing power to “mine” bitcoin, the app allows you to generate Bitwalking Dollars by walking. The practical limit to earnings is about $3 per day. That probably won’t motivate many people in the U.S. to walk more, but for people living on a few dollars per day and walking and hour or more to and from work each day in the developing world, this could be life changing. Bahar notes that problems go beyond not just having money, but access to the banking system. “Large populations in the developing world are still left unbanked. They don’t have the opportunity to access currency and take part of the global economy.” “Inspired by the words of Nelson Mandela, ‘Money won’t create success, the freedom to make it will,’ we created a technology to allow anyone to generate currency by basic human movement – walking,” Bahar adds. The potential of the new app to change lives is compelling. “Leveraging and combining digital currency technologies with mobile diffusion will allow us to create financial network accessible to anyone,” Bahar concludes. Read the full Forbes article and watch the interview here: http://onforb.es/1TF5Q3Y. Please consider whether a friend or colleague might benefit from this piece and, if so, share it.