16 Jul '13, 8am

Bitcoin

Kipochi, an African online service launched this month, is looking for a way to connect the digital currency Bitcoin to M-Pesa, Kenya's widely-used mobile payments system. Bitcoin, a decentralized virtual currency, was designed outside the scope of mainstream financial services and has run into some issues as U.S. regulators take notice. It may see wider adoption in other countries, where the regulatory environment might be more permissive. Kipochi's service allows users to buy bitcoins using M-Pesa, which was launched in 2007 by Kenyan mobile operator Safaricom Ltd. and the U.K.'s Vodafone Group plc. M-Pesa allows users to use a mobile phone to send funds to consumers and merchants. About a third of Kenya's 44 million citizens use the service. While M-Pesa works only in Kenya, Kipochi could allow Kenyans to use bitcoins to quickly receive funds from outside the country at...

Full article: http://www.paymentssource.com/news/kipochi-eyes-m-pesa-li...

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coindesk.com 09 Jul '13, 4pm

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