ZambiaRoots on Nostr: How I use BTC in Zambia, and what challenges I still face. I am a native of the US, ...
How I use BTC in Zambia, and what challenges I still face. I am a native of the US, but I live and work in Zambia. However, I receive my salary in the US as USD. My primary form of payment Zambia is to Swipe a credit card and this works quite well most of the time, but occasionally I need to use cash or mobile money which is connected to the cell service provider here in Zambia. The options are to go to an ATM which works reasonably well, but but has associated fees and ATM machines occasionally run out of cash. I can move money from my bank to MoMo using a PayPal app called Xoom, but this app offers poor exchange rates and high fees. I have also used strike and it offers lower fees and much better exchange rates. I would use this method exclusively, but I cannot connect my US bank account to Strike as Strike is KYCed in the Zambia. What I need now is a reliable method to buy BTC directly on Lightning from my US bank account and then send to strike. Does anyone have recommendations? Coinbase does not work in Zambia. So even accessing my US coinbase is a challenge without a VPN.
Published at
2024-12-14 09:22:00Event JSON
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"pubkey": "f020ecd409a955ec6e8f2f908ca008085f91f74b394daba024697bc51592493f",
"created_at": 1734168120,
"kind": 1,
"tags": [],
"content": "How I use BTC in Zambia, and what challenges I still face. I am a native of the US, but I live and work in Zambia. However, I receive my salary in the US as USD. My primary form of payment Zambia is to Swipe a credit card and this works quite well most of the time, but occasionally I need to use cash or mobile money which is connected to the cell service provider here in Zambia. The options are to go to an ATM which works reasonably well, but but has associated fees and ATM machines occasionally run out of cash. I can move money from my bank to MoMo using a PayPal app called Xoom, but this app offers poor exchange rates and high fees. I have also used strike and it offers lower fees and much better exchange rates. I would use this method exclusively, but I cannot connect my US bank account to Strike as Strike is KYCed in the Zambia. What I need now is a reliable method to buy BTC directly on Lightning from my US bank account and then send to strike. Does anyone have recommendations? Coinbase does not work in Zambia. So even accessing my US coinbase is a challenge without a VPN. \n\n",
"sig": "f913ed0556c41850f761cba6b1dc966f3f7adcce22127150e500cec472252bf96139c00a0164203903c0e522150168e50c0a877e9fec33bae0f9b656df6238f8"
}