Abstract
Why did mobile money take off in Kenya before the US? The answer lies in the concept of being “good enough.” Faced with constant risk of robbery, M-Pesa provided an attractive alternative to carrying and storing cash. In the same way that prior to mobile and railroads, telephone and transportation infrastructure was weaker in developing countries, today’s equivalent lies in transactions infrastructure—the networks of accountability and trust that connect economic activity.
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Notes
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Domjan, P., Serkin, G., Thomas, B., Toshack, J. (2021). Introducing Blockchain: Tomorrow’s Railroads. In: Chain Reaction. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-51784-7_1
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DOI: https://doi.org/10.1007/978-3-030-51784-7_1
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