bitcoin for refugees

Bitcoin Allows Refugees to Only Carry Key Phrase Instead of Cash

After attending the Bitcoin for Fairness workshop in Lusaka in March 2022, Zambian ICT journalist Brenda Zulu, noted in a blog post that bitcoin is a solution to the problem of taking your funds with you, if you have to flee your country. Brenda wrote:

Anita Posch [the founder of Bitcoin for Fairness], a Bitcoin educator, said yesterday during a training in Lusaka, Zambia that if Ukrainian refugees had digital assets such as the digital currency and Bitcoin wallets, it was possible for them to just carry their 12-word phrase which was a set of words that allows them to recover and use their private key.

Posch said that if possible people should memorise the 12 word phrase because some people have lost money because of losing their passwords to bitcoin wallets.

Posch said if the refugees could recover their private key, they could access their bitcoin wallet from anywhere in the world without having to carry anything around.

Those that have invested in bitcoin can only carry their paper with the 12 phrase words, which is a simple, powerful, user-friendly security measure and no one can even trouble them for that.

Here is the full article.

Anita Posch

View posts by Anita Posch
Anita Posch is a Bitcoin educator, podcaster, author of "(L)earn Bitcoin - Become Financially Sovryn" and the founder of Bitcoin for Fairness. On her podcast "The Anita Posch Show" she has been interviewing more than one-hundred Bitcoin specialists, developers, company founders, thinkers, researchers - in short: the people who are building Bitcoin. Anita Posch is also a contributor to Bitcoin Magazine, was interviewed on What Bitcoin Did, CoinDesk, Usecripto / Brazil, and BR/ARD German TV amongst others.
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