Guest Post: Could Tiny Somaliland Become the First Cashless Society? - 1 views
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Thanks to a cobbled together-by-necessity system of money-transfer posts from Somaliland’s diaspora and a surging mobile banking industry, the country has to do away with cash.
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Selesom, the major mobile carrier has launched a service where cash is completely bypassed. Mobile banking in Africa is nothing new and is far more advanced in the West or Asia, but Somaliland can take this to a further level
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In less than six months more than 80,000 people in Hargesia have signed up with Selesom for its ZAAD mobile money service for money transfers
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Solaliland (not a formally recognized country with non-formally-recognized currency) will be the first country to extinguish cash they have no ATMs, locals think credit cards are ridiculous really interesting -
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