My thoughts on the Bitcoin adoption status in Bulawayo…

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I will start by vehemently apologising, well, maybe not vehemently but I do apologise for not letting you know about our very first Bitcoin event here in Bulawayo prior to its occurrence on Saturday as I had promised to always do sometime back. The situation was beyond my control – typical excuse, I know.

Anyway, the fact that I bear the news of our first Bitcoin event should be enough to earn me some forgiveness. I say it’s the first because it is the first (I know people from Harare might find this unbelievable hence the emphasis). If there has been any other then I must have missed the party and therefore please let me know in the comments section.

The event was hosted by Evans Nyoni from a company called Lifestyle Galaxy. The presenter Jacques Leitao (a rugby player of the Zimbabwean national team) basically explained the Bitcoin as well as the T&Cs of mining it with their company. I’m yet to get more information and write a separate article on that once I have all the facts in order just in case you’re interested. I also won’t be reporting on his introduction to Bitcoin talk since most, if not all those things have already been covered on this platform.

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However, I will go ahead air out my concerns…

There has been a lot of Bitcoin talk all over the world, including here on Techzim obviously – but maybe just not in Bulawayo. You might think I’m exaggerating this but I guarantee you I’m not. Even the event’s turnout surely agrees with me. Not that no one knows about Bitcoin in Bulawayo obviously, but I think the talk has just been concealed within techies and there hasn’t been enough engagement with the general public.

Also, I haven’t come across any startup or company that deals with Bitcoin in Bulawayo but in Harare there’s already some which includes Bitmari and BitFinance.

You might be wondering why I’m targeting Bulawayo much, well, #1: it’s my city; #2: it’s the second capital city of Zim and #3: rumour has it that it’s Zimbabwe’s own Silicon Valley. Now you see why I expect more from it???

It was not until I went to Harare that I realised Bitcoin had become a thing in Zimbabwe. I kept hearing about the Bitcoin events taking place and this made me realise how not-so-fascinated Bulawayo was about Bitcoin (I don’t know about other crypto currencies though). Well, it’s either that or Harare is just being overzealous about it and in my opinion it is justified.

I imagine that this was the case when physical currencies or money was first introduced, people wondered how it would work since they were so comfortable in their barter trade. But now can you imagine a world without money? (though as Zimbabweans, we most likely can) Maybe that’s why we even can’t imagine the Bitcoin working since the system has been imbedded so strong in us.

However, whether we like it or not times are changing, we’re now in a digital age which follows that digital currencies would be more appropriate. I am by no means saying that Bitcoin is the ultimate answer but it’s surely a step forward. In fact, let’s all take part in this revolution, you never know how useful your input can be in all this.

See, I would rather we reject the Bitcoin only after talking about it rather than automatically discarding it and believe you me being silent about it is equivalent to rejecting it. Being the debater that I am, I have grown to believe in the power of discussion. Discussions help retain more knowledge through engagement as people question and/or breakdown points hence giving a broader perspective of the subject.

Nonetheless, I feel like most of us, (like yours truly) are quick to dismiss things before even finding out much about them, but this article is a special dedication to my Bulawayo peeps to start reading around and discussing this interesting topic and not be oblivious to noisy topics such as these.

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11 Comments

  1. TheKing says:

    Do you have a list of places where I can buy/pay with Bitcoin in the major towns?

    1. Trycolyn Pikirayi says:

      So far I know of Be Forward https://www.beforward.jp/beforward_zimbabwe_map
      and Techzim (we accept Bitcoin as payment for the events we host).

      Will let you know if I come across more

  2. Robert Ndlovu says:

    Do some research first before you go off at a tangent.There are already 2 Bitcoin start ups started by NUST Acturial students a year ago.So slow down only that we dont make a lot of noise about little stuff.

    1. Tee says:

      How are they doing it man l’m looking for some

      1. Jen says:

        You can Contact me on what’s app – 0779714936 .

    2. Michelle Maphosa says:

      Lol really? The point of the article is that not enough discussion is going on about the cryptocurrency in Bulawayo. Not that there’s absolutely nothing that has happened.

    3. Trycolyn Pikirayi says:

      Would greatly appreciate it if you post some links to this info (whether the startups or some write up about them).
      I searched online and couldn’t find any of this info and you know what they say in this digital age “if its not online then it doesn’t exist” and rightly so because searching for something offline has it’s fair share of challenges (especially when it comes to something that doesn’t have a ‘physical structure’).
      But then again, I acknowledged that there are loopholes associated with this kind of research hence the request for y’all to engage me on the comments section, so thanks a lot!!

      And by the way the statement “we don’t make a lot of noise about little stuff” is quite interesting..veryyy interesting actually

  3. Van Lee Chigwada says:

    Bitcoin, unlike Bond Coins, does not have a zippy pocket in my wallet.
    Secondly, most of us move in silence.
    Without properly counting, I can name, off the top of my head, ten people who deal in/with/have Bitcoins in Skies.

    Events aside (personaly I think the people that matter don’t have time for these), Bitcoin is not just currency that is meant to exchange hands.
    Bitcoins for us are an investment vehicle. We buy them, we keep them. At any sign of trouble we offload them for stocks in tech that is trending, like ML.

    Next is Bitcoin Mining. Bitcoin mining used to be really profitable. Today it is no longer cost effective for the average individual . You’d have to buy specialised Bitcoin mining equipment, rent dedicated spaces for them, and pay their associated costs. In that area, Zimabwe is too late. Maybe that door will re-open but for now it is closed.

    Next is legislation. Our laws do not provide enough security for bitcoin owners. I’d rather keep my bitcoin in an interntional wallet than bring it into the Zimbabwean ecosystem.

    Last is security. Forgive me Zimbabwe, but if a third of the population had bitcoin, then we’d have a thriving theft business. Security and tech in Zimbabwe doesn’t allow for mainstream bitcoin adoption. Also, managing bitcoin needs advancec tech knowledge. A 4 digit pin ain’t gone cut it.

    The best way to get bitcoin at an economic value right now is to either work for bitcoin online, or buy bitcoin.

    1. Pat says:

      We pool mine BTC and other cryptocurrencies. Thats the way to go nowadays. Contact me if interested. 0772264159

  4. Thelma says:

    i must say bulawayo tends to slack in a number of things, and us being the second capital city, we should be doing more on such things. thanks for the article it gives me much to think about.

  5. imb says:

    at least tipewo something meaningful ..iyi nyaya haina point kungonyora neshungu ts jst wrong..

Comments are closed.