Susu is one of the ancient traditional banking systems found mostly in African countries as a means of funds mobilization for commencement, sustenance and in some cases development of small scale enterprises (SSE). All while using Bitcoin and it's triple accounting. Bitcoin is the 'hardest money" known today! Triple entry accounting is a Millennial Revolution development. Double entry began 720 years ago. Too few understand these critical aspects of Bitcoin.
The Black Pearl
The early history of Stephanie St. Clair (who went by Madame Queenie), is lost both to time and to her tendency to lie shamelessly about her past. This much seems certain: she was born on Guadeloupe in the Caribbean, came to New York in the 1910s, and by 1923, had started her own numbers racket with seed money of $10,000. Within a few short years, she was clearing a quarter million dollars a year.
Now, a quick explanation of numbers rackets – since it may be, like me, you’ve heard the term a million times but have no clue what it actually means. More commonly referred to at the time as “policy banking,” it was a mix of investing, gambling, and playing the lottery. Because few banks would accept black customers at the time, it was one of the few ways anyone in the community could invest their earnings. Although the practice was generally illegal, it provided a surprising amount of wealth and jobs. So: dubious practice, but actually sometimes good for the community!
And make no mistake, Stephanie St. Clair was extremely community-oriented. Most of her numerous newspaper ads were spent educating her neighbors about their rights, advocating for voting rights, and calling out police brutality. She spent her money on any number of community projects: a legal fund to help new French-speaking immigrants. She made sure all her employees were dressed impeccably and treated Harlemites with the utmost courtesy. She even lived in the same building in as many other neighborhood luminaries: C.J. Walker, W.E.B. Du Bois, Thurgood Marshall, and more.