Total 119 Posts
Once algorithms, used by financial trading bots, go live on markets, they start behaving in ways that programmers could not have foreseen.
With the advent of mobile phones and increased Internet penetration, the borrowing of money has been shifting from traditional channels to electronic channels. This has come with its problems.
With digital money surveillance (as we are currently witnessing with our personal data on various digital platforms) comes control and the ability for various actors in that cashless society supply chain to restrict how you use YOUR money or withhold it.
If you are going to sell poor people products and services that keep them in the vicious cycle of poverty then it is not a sustainable business practice nor something that can grow a country’s economy in the long term as they will eventually not be able to afford such products.
It’s not clear yet who will be affected – or how Kenya's new digital tax will be imposed. However, it appears that potential targets include online taxi-hailing platforms.