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In that situation, we were reminded again
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Banking on Africa: The Bitcoin Revolution

In that situation, we were reminded again that banks can fail

In that situation, we were reminded again that banks can fail

Full Transcript

00:00:01.000 --> 00:00:03.005
In that situation, we were reminded again
00:00:03.005 --> 00:00:04.087
that banks can fail.
Duration
5 seconds
Views
23
Timestamp in Movie
00:21:40
Uploaded
May 27, 2025
Genres
documentary
Production
N/A

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Movie Summary

This documentary follows the journey of Bitcoin pioneers as the African continent seeks to leverage cryptocurrency to increase their independency from a banking system that fails them.
We have a fractional reserve banking system - Banking on Africa: The Bitcoin Revolution 00:17
We have a fractional reserve banking system
When a bank gives you a loan to buy a house, for example, - Banking on Africa: The Bitcoin Revolution 00:07
When a bank gives you a loan to buy a house, for example,
That's basically money they can make out of thin air. - Banking on Africa: The Bitcoin Revolution 00:04
That's basically money they can make out of thin air.
But when you have a run on the bank, - Banking on Africa: The Bitcoin Revolution 00:11
But when you have a run on the bank,
Governments then stand - Banking on Africa: The Bitcoin Revolution 00:05
Governments then stand
So, governments say, if the bank doesn't have enough money - Banking on Africa: The Bitcoin Revolution 00:08
So, governments say, if the bank doesn't have enough mo...
But, of course, that money needs to come from somewhere too, - Banking on Africa: The Bitcoin Revolution 00:10
But, of course, that money needs to come from somewhere too,
The U.S. government didn't have enough money - Banking on Africa: The Bitcoin Revolution 00:14
The U.S. government didn't have enough money
- Every country's economy is intertwined - Banking on Africa: The Bitcoin Revolution 00:15
- Every country's economy is intertwined
The saying before 2008 - Banking on Africa: The Bitcoin Revolution 00:08
The saying before 2008
Over a decade later, - Banking on Africa: The Bitcoin Revolution 00:07
Over a decade later,
- Hi, my name is Bheki Mahlobo, - Banking on Africa: The Bitcoin Revolution 00:06
- Hi, my name is Bheki Mahlobo,
So, I'm an economics student, - Banking on Africa: The Bitcoin Revolution 00:11
So, I'm an economics student,
This is because in university we're not particularly exposed - Banking on Africa: The Bitcoin Revolution 00:14
This is because in university we're not particularly ex...
What is your opinion of Bitcoin being used - Banking on Africa: The Bitcoin Revolution 00:09
What is your opinion of Bitcoin being used
- You're absolutely right that in our universities - Banking on Africa: The Bitcoin Revolution 00:10
- You're absolutely right that in our universities
This new technology will really put the power - Banking on Africa: The Bitcoin Revolution 00:16
This new technology will really put the power
This is a real freedom, - Banking on Africa: The Bitcoin Revolution 00:08
This is a real freedom,
- 21-year-olds don't normally - Banking on Africa: The Bitcoin Revolution 00:07
- 21-year-olds don't normally
The first time I heard about Bitcoin - Banking on Africa: The Bitcoin Revolution 00:05
The first time I heard about Bitcoin