Paper currency is still greatly used around here(Uganda, Africa).(In comparison to use of credit cards and other form of exchange)
Rats on the other hand have never been good friends with man either, two stories concerning paper currency all over social media and the the news of late drive this point home clearly. Its funny you know cos one of the people involved in this is actually from my home town. The guy from Kotido.
''There was drama at Kotido Central Police Station on Thursday (yesterday) when a local businessman stormed the station to file a complaint against Uganda Wildlife Authority-UWA for allowing rats to destroy his money. Peter Lojok Longolangiro, resident of Kotidany village in Kotido Sub County paraded 5 rats at the station he accused of destroying Shs 396, 000 he had kept in a box.''
Next time I meet him, I definitely have to inform him about cryptocurrency. Hopefully I will manage to convince him to overlook the reasons why he failed to store his money digitally in the first place.
The central bank of Uganda eventually responded to this by informing the public of how they could exchange their damaged bank notes for new ones. This was highly helpful to everyone. Who could possible imagine that a story about rats eating up someone's savings would have led to that(bank announcement).
All was good and quiet until another rat story emerged, but this time it was a bank that was under attack. An actual bank and not in Africa.(looks like convincing Peter to keep his money anywhere else besides a cardboard box is going to be harder than I thought). Anyways, this rat story is from India.
''Bank workers in India were shocked to discover that a load of rats had managed to break into a broken ATM machine in their bank and chew their way through more than £13,000 worth of bank notes. The pesky rodents managed to chomp through roughly 1.2 million rupees (£13,300 / $17,700) that were stored inside the cash machine in the city of Tinsukia, which is in North Eastern India's Assam state. ''
With this case in India, people could argue that banks are insured over such occurrences. At this rate also, anything could come out of no where and chew up some people's savings(I know some would store it in socks, mattresses). My point in all this is that cryptocurrency is definitely here to rescue a lot of people from such great disaster. Besides storage, what else could put smiles on people's when they check their accounts and there is more to what they deposited.
Bye people, need to find Peter and start preaching to him the good news, even if it takes forever.