{"id":4997,"date":"2020-04-01T10:52:07","date_gmt":"2020-04-01T14:52:07","guid":{"rendered":"https:\/\/cointelegraph.com\/magazine\/?p=4997"},"modified":"2020-04-24T18:53:11","modified_gmt":"2020-04-24T22:53:11","slug":"banking-unbanked-kenya-bitcoin","status":"publish","type":"post","link":"https:\/\/cointelegraph.com\/magazine\/2020\/04\/01\/banking-unbanked-kenya-bitcoin","title":{"rendered":"Banking The Unbanked? How I Taught A Total Stranger In Kenya About Bitcoin"},"content":{"rendered":"<div class=\"row vc_row wpb_row vc_row-fluid\"><div class=\"jeg-vc-wrapper\"><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-12\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"font-weight: 400;\">Deep inside the Great Rift Valley in Kenya lies the town of Nakuru, renowned for its flamingos and prehistoric sites. Located a hundred miles northwest of Nairobi, the town\u2019s name translates to \u2018Dusty Place\u2019 in the local Maasai language.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was here that I decided to educate random strangers about Bitcoin, a term strange to many who are accustomed to using cash and mobile payment system M-Pesa to settle their transactions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">M-Pesa is by far the largest mobile money system in Kenya, used by approximately 83% of adults. As the COVID-19 epidemic reaches the country, the Central Bank of Kenya has given citizens even more reason to use the product.<\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Press release: Emergency Measures to Facilitate Mobile Money Transactions <a href=\"https:\/\/t.co\/py6FIsvYdH\">pic.twitter.com\/py6FIsvYdH<\/a><\/p>\n<p>\u2014 Central Bank of Kenya (@CBKKenya) <a href=\"https:\/\/twitter.com\/CBKKenya\/status\/1239530136971685889?ref_src=twsrc%5Etfw\">March 16, 2020<\/a>\n<\/p><\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It would have been easy to find a few young people who might have heard a thing or two about Bitcoin. However, this demographic already has access to the internet and can easily search for Bitcoin on Google.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Instead, I decided to target older people, those that most mainstream media and education initiatives have ignored. It didn\u2019t take me long to meet the first target \u2013 a group of bus drivers who were having a cup of coffee as they waited for their buses to fill up with passengers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Twenty minutes in, the four drivers didn\u2019t seem to know any more about Bitcoin than they did when I arrived. \u201cKwa hivyo Bitcoin ni kama M-Pesa (Is Bitcoin just like M-Pesa?)\u201d one asked me. So far, they had understood Bitcoin to either be a form of stock or an M-Pesa alternative.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After a few more dozen questions, the four drivers seemed to have a rudimentary understanding of Bitcoin as a digital currency. By now, a few more had joined, all with questions on why they should bother using Bitcoin. I answered the questions, and then answered them again, and again. By the end of it all, I had managed to convince three people to open a Bitcoin wallet, after which I sent them a few dollars\u2019 worth of Bitcoin. I also taught the new crypto disciples how to buy Bitcoin on their own from peer-to-peer platforms.<\/span><\/p>\n<h4><b>Are you certain it\u2019s not a scam?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">By now, I was feeling quite confident and decided to kick it up a notch. I approached my next target &#8211; a group of mama mbogas (vegetable vendors). As with the previous group, the questions were plentiful; why use Bitcoin? Does it replace M-Pesa? Is it a scam? Are you <\/span><i><span style=\"font-weight: 400;\">certain<\/span><\/i><span style=\"font-weight: 400;\"> it\u2019s not a scam?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I understood their apprehension. In Kenya, thousands of people have lost millions of dollars to Bitcoin-related scams. Just recently, a local cryptocurrency startup Nurucoin<\/span><a href=\"https:\/\/bitcoinke.io\/2019\/12\/nurucoin-closes-shop\/\"> <span style=\"font-weight: 400;\">shut down<\/span><\/a><span style=\"font-weight: 400;\">, with the founder allegedly fleeing to California. Nurucoin, which touted itself as the ultimate pan-African cryptocurrency, purportedly<\/span><a href=\"https:\/\/kenyanwallstreet.com\/nurucoin-scam-mastermind-isaac-muthui-sought-by-regulator\/\"> <span style=\"font-weight: 400;\">made off with Kshs. 2.7 billion ($27 million)<\/span><\/a><span style=\"font-weight: 400;\">. And this wasn\u2019t the only scam; dozens of others have defrauded gullible investors, eroding faith in Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the vendors explained \u201cI\u2019ve heard of Bitcoin, but it was as a scam. One of my neighbors lost Kshs. 64,000 ($640) to a scam known as Velox. She had been told that she could make lots of money very quickly. But they closed and vanished overnight. That\u2019s why I want nothing to do with Bitcoin.\u201d <\/span><i><span style=\"font-weight: 400;\">(Translated from Swahili.)<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">She was referring to<\/span><a href=\"https:\/\/kenyanwallstreet.com\/crypto-currency-firm-velox-10-global-goes-down-with-investors-money\/\"> <span style=\"font-weight: 400;\">Velox 10 Global<\/span><\/a><span style=\"font-weight: 400;\">, a company that launched in Kenya in 2017. Founded by a Brazilian national, the company promised up to 50% monthly returns \u2014 but ended up making off with millions of dollars\u2019 worth of investors\u2019 money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There was also one constant issue many cited as the reason for their apprehension \u2013 Bitcoin\u2019s speed. As a speculative asset Bitcoin\u2019s need for speed is minimal: but its efficiency as a transactional currency becomes a challenge. In Kenya, M-Pesa offers a convenient cashless payment method in three seconds. With Bitcoin taking at least ten minutes recently, its use for small day-to-day payments seems distant.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the challenges, I managed to convince five vendors to open a Bitcoin wallet.\u00a0<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"row vc_row wpb_row vc_row-fluid\"><div class=\"jeg-vc-wrapper\"><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-8\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h4><b>Bitcoin remittance<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">While Bitcoin may be slower than some of the payment methods available, including M-Pesa and Visa, it is certainly faster than the available cross-border funds transfer methods, and so this is what I decided to focus on. Luckily, one of the vendors had a relative in Ghana and I decided to discuss Bitcoin\u2019s cross-border funds transfer capabilities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The vendor, Jane Wangui, is a vegetable seller who also doubles up as a salonist. A mother of six, Wangui is no stranger to the internet and uses her smartphone to communicate with her clients on WhatsApp. Her sister has been living in Ghana for the past eight years. In that time, they have had to rely on the bank for funds transfers, with her sister sending money to support their mother.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As has been well documented,<\/span><a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2019\/04\/08\/record-high-remittances-sent-globally-in-2018\"> <span style=\"font-weight: 400;\">including by the World Bank<\/span><\/a><span style=\"font-weight: 400;\">, remittance costs in Africa are the highest in the world. How expensive? It costs you $14 to send $100 to Ghana from Nairobi through Standard Chartered Bank. Equity Bank, Kenya\u2019s largest bank by customers charges $18 for a similar amount, with KCB Bank costing $24. These high costs have proven prohibitive for many, but the options have been few.<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 16px\"><span class=\"vc_empty_space_inner\"><\/span><\/div><\/div><\/div><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-4\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper vc_box_shadow_border  vc_box_border_grey\"><img width=\"614\" height=\"1280\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG-20200317-WA0031.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"Jane Wangui by Steve Nsoh\" loading=\"lazy\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG-20200317-WA0031.jpg 614w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG-20200317-WA0031-144x300.jpg 144w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG-20200317-WA0031-491x1024.jpg 491w\" sizes=\"(max-width: 614px) 100vw, 614px\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: center;\"><span style=\"color: #808080;\"><em>Jane Wangui&#8217;s salon<\/em><\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 16px\"><span class=\"vc_empty_space_inner\"><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"row vc_row wpb_row vc_row-fluid\"><div class=\"jeg-vc-wrapper\"><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-12\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"font-weight: 400;\">Wangui was about to learn a much cheaper, faster and more convenient funds transfer method. I helped her download a Bitcoin wallet, Paxful in this case, which has a presence in both countries. The app has a simple user interface, making it easy to send and receive Bitcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Instead of sending the BTC to Wangui, I decided to help her buy from other traders. The Paxful app redirects you to the website which has hundreds of traders ready to sell. We settled on a trader who had great reviews and a fair price, sent the fiat through M-Pesa and in a few minutes, we had our $100 worth of Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The next step was contacting Wangui\u2019s sister in Ghana. In a few minutes, she had set up her Bitcoin wallet. We sent the $100 worth of Bitcoin to her, costing us $2.10; just over one-seventh what the cheapest bank would charge. It also just took us 45 minutes to buy the Bitcoin and send it to Ghana.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recipient in Ghana had the option of either cashing out the BTC and receiving the fiat equivalent or holding it for speculation. Wangui had learned that Bitcoin\u2019s price can appreciate with time, and she advised her sister to hodl for a few weeks and see if she could make a few extra bucks. However, to complete the remittance process, I urged her to sell part of her BTC for Ghanaian cedi.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wangui, who had been a lifelong member of Equity Bank (which charges $18 for a similar transaction) vowed to always use Bitcoin for such transactions moving forward.\u00a0<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"row vc_row wpb_row vc_row-fluid\"><div class=\"jeg-vc-wrapper\"><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-8\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h4><b>One woman\u2019s valiant efforts<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">That day, I managed to reach out to around 30 people in Nakuru town, with over half opening Bitcoin wallets and getting started with their crypto journey. While my efforts in crypto education only stretched so far, one woman in Kenya has been doing much more, with her efforts gaining her national recognition.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Betty Wanjiru is a restaurateur located in Nyeri, a town 94 miles north of Nairobi. She discovered Bitcoin years ago in a networking group. However, it came at a cost, with a prior Bitcoin-related multi-level marketing scam seeing her lose Kshs. 550,000 ($5,500). She didn\u2019t give up on Bitcoin, however, and she started looking up online for information on the digital currency.\u00a0<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 16px\"><span class=\"vc_empty_space_inner\"><\/span><\/div><\/div><\/div><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-4\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper vc_box_shadow_border  vc_box_border_grey\"><img width=\"1920\" height=\"2560\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG_20200314_183631-scaled.jpg\" class=\"vc_single_image-img attachment-full\" alt=\"Betty Wanjiru and Steve Nsoh at Betty&#039;s Place\" loading=\"lazy\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG_20200314_183631-scaled.jpg 1920w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG_20200314_183631-225x300.jpg 225w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG_20200314_183631-768x1024.jpg 768w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG_20200314_183631-770x1027.jpg 770w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG_20200314_183631-1152x1536.jpg 1152w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG_20200314_183631-1536x2048.jpg 1536w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG_20200314_183631-750x1000.jpg 750w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/03\/IMG_20200314_183631-1140x1520.jpg 1140w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: center;\"><span style=\"color: #808080;\"><em>Betty Wanjiru and Steven Nsoh at Betty&#8217;s Place<\/em><\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 16px\"><span class=\"vc_empty_space_inner\"><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"row vc_row wpb_row vc_row-fluid\"><div class=\"jeg-vc-wrapper\"><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-12\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"font-weight: 400;\">She lived in Nairobi then but later moved to Nyeri where she opened her restaurant, Betty\u2019s Place. Her love for Bitcoin continued and she used her new establishment to spread the gospel, teaching the locals on what Bitcoin is, how to buy it, what you can do with it and more. She became one of the first merchants in Kenya to accept Bitcoin payments. She now accepts Dash as well.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When she started, very few people in Kenya knew about digital currencies, she told me when I paid her a visit. So when she put up \u2018Bitcoin Accepted Here\u2019 signs in her restaurant, her clients had plenty of questions \u2014 some of them amusing. \u201cIs this Bitcoin one of those exotic dishes from abroad?\u201d one of her clients once asked her.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Betty soldiered on, teaching both tech-savvy young people and the elderly about Bitcoin. To the local community, she became their teacher and source of truth for everything Bitcoin. They consulted her on which companies to invest in, which wallets were safest, how much money to invest in Bitcoin, when to sell.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Her efforts have earned her national recognition as Bitcoin\u2019s popularity has soared in the country, making her the poster child for Bitcoin adoption. As she told me, she has stepped up her efforts and she has now partnered with a few experienced traders to train young people on how they can make a living trading Bitcoin.\u00a0<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"row vc_row wpb_row vc_row-fluid\"><div class=\"jeg-vc-wrapper\"><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-12\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h4><b>Does M-Pesa derail Bitcoin adoption?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">In my education efforts, one question has been posed more than any other: why use Bitcoin when I have M-Pesa? For many day-to-day users, factors such as independence from government control, enhanced security, and privacy simply aren\u2019t enough to abandon the convenience of M-Pesa for Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I asked Betty if she has found M-Pesa to be a deterrent to the adoption of Bitcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cNot at all. I think that having M-Pesa puts us at an advantage as a country. It\u2019s easier to comprehend the concept of digital money,\u201d she tells me. \u201cAll we need to make our people understand is that Bitcoin serves their needs better than M-Pesa does. Their money is more secure with Bitcoin; they can send money abroad at low charges and factors like these.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Paxful, a Bitcoin wallet targeting African markets, reinforces Betty\u2019s view. The country\u2019s innovative payment system not only makes peer-to-peer trading instant and convenient, a company spokesperson told me. They also revealed that remittance is one of the greatest uses it has seen for Bitcoin on its platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When it comes to educating Kenyans about Bitcoin, Paxful has been on the frontline. It has organized several campus outreach events, educating thousands of university students across the country about Bitcoin, some of them for the first time. The attendants also get to download the Paxful wallet on their phones, after which they received some Bitcoins to familiarize themselves with the digital currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe made it our mission to launch a drive to educate people about the true use cases of Bitcoin and peer-to-peer finance. These workshops highlight how to avoid falling prey to bad actors in the crypto-space and counter the over-emphasis on Bitcoin speculation. Each attendee of the workshop also received free Bitcoin to start them on their journey,\u201d the spokesperson told me.<\/span><\/p>\n<h4><b>A bright future for Bitcoin<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Kenya has always been a leader in the technology sector in Africa. Bitcoin adoption hasn\u2019t been any different, with Paxful revealing, \u201cWe have seen steady growth in Africa, with Nigeria, Kenya, South Africa and Ghana leading. Africa has many of the world\u2019s unbanked people, fortunately, Bitcoin provides a new way for them to access the global financial system.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The country has continued to provide a fertile ground for the growth of Bitcoin. This has been despite the negative press coverage in the country, with mainstream media branding it a scam. The numerous Bitcoin-related schemes have only made it worse. The government has done little to boost adoption, with the central bank governor<\/span><a href=\"https:\/\/cointelegraph.com\/news\/central-bank-of-kenya-warns-banks-against-dealing-in-crypto\"> <span style=\"font-weight: 400;\">warning Kenyans against the use of Bitcoin<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And yet despite this, new adopters like Wangui prove that Bitcoin still has a big role to play. As Betty told me:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cKenyans love new technology and once the government stops opposing Bitcoin, and more people learn about its benefits, adoption in Kenya will take off. Kenya will become a leader in Africa when it comes to Bitcoin.\u201d<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 32px\"><span class=\"vc_empty_space_inner\"><\/span><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kenya adopted mobile payments years ago. So is there any need for Bitcoin? Steve Nsoh visited a village outside Nairobi to see if BTC would be relevant in a country that runs on the M-Pesa system.<\/p>\n","protected":false},"author":22,"featured_media":5014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"mc4wp_mailchimp_campaign":[],"_links_to":"","_links_to_target":""},"categories":[157],"tags":[],"yst_prominent_words":[712,725,733,732,713,731,730,715,717,718,724,716,720,275,721,711,727,168,719,714],"_links":{"self":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts\/4997"}],"collection":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/comments?post=4997"}],"version-history":[{"count":12,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts\/4997\/revisions"}],"predecessor-version":[{"id":5020,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts\/4997\/revisions\/5020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/media\/5014"}],"wp:attachment":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/media?parent=4997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/categories?post=4997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/tags?post=4997"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/yst_prominent_words?post=4997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}