Bitcoin Growing in Morocco by mallorcaman

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bitcoin · @mallorcaman ·
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Bitcoin Growing in Morocco
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<h2><strong>Bitcoin is Growing in Morocco and here is a few reasons why</strong></h2>
<p>One of the hot spots for crypto growth that I have always known to make a huge dent in mass adoption since the first day I understood blockchain tecnology has been Africa, and more specifically <strong>Morocco</strong>. Here in Mallorca most inmigrants are from this north African Country. I have several good friends who have settled here in Spain and they originate from Morocco ( most came over on a 50/50 ticket to survival boat ride over the med)&nbsp;</p>
<h2><strong>There is a 1000 reasons my Moroccans should embrace bitcoin&nbsp;</strong></h2>
<ul>
  <li><strong>The unbanked </strong>59% of Moroccan Adults have no access to a financial service</li>
  <li><strong>Forex trading and cross border exchange </strong>&nbsp;<a href="https://easterndaily.com/bitcoin-secretly-conquers-morocco/">Moroccans use Bitcoins</a> in cross-border trade, Forex trading and revshare. In recent times we have seen a rise in companies offering cloud mining services. Moroccans have taken full advantage of these companies and have invested a considerable amount of money in them.&nbsp;</li>
  <li><strong>Remittances </strong><a href="https://en.wikipedia.org/wiki/Bank_Al-Maghrib">6.4 billion</a> $ in where transfered to Morocco by inmigrants in 2015.</li>
  <li><strong>Narcotics </strong>&nbsp;cultivation and transformation of Cannabis represents 1.60% of the national GDP of Morocco&nbsp;</li>
  <li><strong>Going cashless </strong>&nbsp;&nbsp;<a href="https://en.wikipedia.org/wiki/Bank_Al-Maghrib">Bank Al-Maghrib</a> is the <em>central bank</em> in Morocco and has already published plans to reduce and eventually eliminate the use of cash within the next 5 years.</li>
  <li><strong>Islamic Banking </strong>&nbsp;<a href="http://www.theafricareport.com/North-Africa/moroccos-central-bank-approves-five-islamic-banks.html">Islamic banks</a> and insurers are setting up in Morocco after new legislation allowed them into the market, and the central bank has set up a central sharia board with a body of Islamic scholars to oversee the new sector.</li>
</ul>
<p>Maybe you can name a few more, I dont have enough battery left on my laptop to complete this never ending list.</p>
<p><img src="https://i.imgsafe.org/131900f136.png" width="493" height="377"/></p>
<p>I have noticed a huge diference in the way a Moroccan will react when first hearing about bitcoin or any other cryptocurrency than the average Spaniard who lives here, this caught my attention quite a while back. Im always excited to see any growth in the bitcoin area and this is quite exciting, as I cant stop myself to talk about crypto and decentralization many a Moroccan living here in Spain has heard abut bitcoin from me first!</p>
<p>Sorry for the lack of activity but we are currently suffering from a lack of internet due to the idiotic teleco companies running the show here. If we are lucky we should be back online in the next few days!</p>
<p><a href="http://myfolio.com/art/k4lc4k492l">Img credit</a></p>
<p><img src="https://i.imgsafe.org/79c34584c2.png" width="245" height="171"/><br>
</p>
<p><br></p>
<p><br></p>
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vote details (156)
@doitvoluntarily · 
great news!
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@mallorcaman · 
Its exciting to see the diferent places in the world all gearing in the same direccion!
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@anahilarski · 
Wow, interesante noticia. Que bueno que la comunidad siga creciendo. Resteem & Upvote. Saludos amigo @mallorcaman ;)
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@mallorcaman · 
Muchas gracias !! 😉
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@anahilarski · 
Con gusto @mallorcaman ;)
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@cryptomaniac77 · 
Moroccan diaspora is sending more than 5 billion dollars every year, most of it through western union and money gram. Once my people will realize that they could save on fees, they will jump on it.
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@rachido · 
Very good
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@eliaspro · 
True i agree, but its gonna take some time though, im moroccan and i believe in bitcoin and its capabilities, i talk to few well educated moroccans about bitcoin some of them had an idea of what it is and most don't and the majority don't even accept the fact of cryptocurrency and the blockchain technology
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@dianadsouza · 
Wind Farm For Crypto Mining In Morocco and a 85 Megawatt Power Substation in Canada Coming Soon

https://coinpedia.org/news/brookstone-and-dmg-plans-to-boost-crypto-mining/
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