13 Jul '13, 4pm

New e-currency now available to M-Pesa users #Bitcoin

New e-currency now available to M-Pesa users #Bitcoin

A storm of interest raised by a digital currency across the globe has hit Kenya as it now possible to acquire the currency on a local mobile cash transfer platform. Two firms, Kipochi and LocalBitcoins, have over the last two weeks announced that M-Pesa users can now purchase and trade in Bitcoins from their phones. Although the Bitcoin has been around since 2009, it has remained difficult for Kenyans to access due to technological challenges. Both Kipochi and LocalBitcoins hope to tap into the already vibrant mobile money market to grow the use of Bitcoin locally. “We are putting special focus on Kenya as it is a world-renowned market leader in mobile money,” said Kipochi chief technology officer Pelle Braendgaard. Bitcoin is a digital currency that is independent of the banking systems or regulation by any government authority. Mathematical formulas are used in its creat...

Full article: http://www.nation.co.ke/business/news/Digital-currency-no...

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