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Somaliland, On the Path of first Cashless Society on Earth

In Somaliland vendors and customers pay each other digitally using simple phone programmes that require no internet access Credit Matthew VickeryIn Somaliland vendors and customers pay each other digitally using simple phone programmes that require no internet access Credit Matthew Vickery

Somalilandsun- In Somaliland a country with high illiteracy rates, simplicity and functionality has helped the technology flourish.
Though yet to be recognized internationally as a sovereign nation 26 years after withdrawing from its 1960 voluntary later turned fateful union with Somalia, Cash is being increasingly sidelined as more and more people adopt the cashless approach in the de-jure state
In a piece published by BBC journalist Matthew Vickery reports that though Somaliland faces high illiteracy and whose economy was ravaged during a civil war, it might just become the first cashless society on Earth.
Continue reading The Surprising Place where cash is going to be extinct

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