Locals prefer satoshis to dollars, says Africa Bitcoin chair Stafford Masie
In an interview with Natalie Brunell on Coin Stories, Masie described Bitcoin as functional currency in parts of Africa amid rapid inflation and currency debasement.
Stafford Masie, executive chairman of Africa Bitcoin Corporation, said Tuesday that Bitcoin functions as everyday money in parts of Africa rather than primarily as a store of value.
Speaking to Natalie Brunell on the Coin Stories podcast on Tuesday, Masie said the framing of Bitcoin (BTC) differs sharply across regions.
“Where I come from, Bitcoin is money,” he told Brunell, adding that in some circular economies in Africa, merchants “won’t accept dollars — they accept satoshis.”