I have a friend in Tanzania I had been utilizing localbitcoins to be able to send bitcoin she was able to sell and redeem for local currency. This was both much quicker and less expensive than using the usual moneygram type services. We also usually ended up making a bit of money in the trades because of the differences in BTC rates in CAD vs TZN. With localbitcoins closing down we are having difficulty finding somewhere she can sell her bitcoins for Tanzanian currency.
I honestly think remittance payments are one of the first large-scale applications for bitcoin. Finding more effective ways to do this helps with adoption outside of North America and Western Europe.
So... does anybody know of exchanges operating in Tanzania/with Tanzanian currency options?
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