February 17 ,2015- In This Issue:

 

Why This Internet Pioneer Believes Bitcoin Has the Power to Break the Cycle of Poverty

When millionaire Wences Casares speaks of poverty, and he often he does, he's not blowing hot air. He's speaking from firsthand experience.

 

The Argentina-born serial Silicon Valley startup investor and bitcoin entrepreneur grew up on his parents' sheep ranch, 20 miles from the nearest neighbor and 100 miles from the nearest town. Isolated in the rugged Patagonia region, he watched his family lose their life savings, not once but three times due to hyperinflation.

 

"I remember my parents losing everything," Casares told TechCrunch. "I was 14." Bearing witness to his parents' devastating consecutive losses cut deep, fueling his ongoing global mission to leverage technology to help spare others from similar straits.

 

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New grid uses Bitcoin for payments, gambling
Breaking the bank: Bitcoins hit Africa's money transfer traditions

CNN Marketplace Africa covers the macro trends impacting the region and also focuses on the continent's key industries and corporations.

 

(CNN)Money makes the world go round, they say, but what if notes and coins were replaced with online code?

 

Bitcoin -- the world's much talked about cryptocurrency -- is just that. It can't be printed, it can't be directly controlled by governments or central banks, but it can be sent around the world instantly at a low cost.

 

And in sub-Saharan Africa, where 75% of the population don't have a bank account, experts say the currency could help millions of people pay bills and get to grips with their finances.

 

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New York Councilman: Bitcoin Could Save City Millions

Last Thursday New York City councilman Mark Levine introduced a bill petitioning for the city to accept bitcoin as payment for fines and fees.

 

Levine opened up about the bill, which he says could be passed as early as June, in a new interview with CoinDesk, indicating that he believes New York City has a pressing incentive to begin accepting the payment method due to its cost advantages when compared to credit cards.

 

The democrat from the 7th District in northern Manhattan recalls that it was this benefit that led him to introduce the bill, one that will now go through a process of gathering co-sponsors, before heading to a vote with the city's technology committee and finally a full vote in the city council.

 

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