16 Jul '13, 1pm

Bitcoin mobile wallet launches in Kenya via

Bitcoin mobile wallet launches in Kenya via

Kipochi works on all mobile phones. The group describes it as a “lightweight BitCoin Wallet” Kenya has long been considered a pioneer of mobile money services, given the successful mobile payment system M-Pesa made its debut in the market. Now a recently launched project aims to combine M-Pesa with another pioneering currency technology, Bitcoin. BitCoin is a virtual currency, with around 11 million BitCoins in circulation currently. The currency is not backed by any government; its value comes from its scarcity, like gold. Now, a group of veterans from billing platform providers have developed a solution to allow people to send and receive BitCoins and convert it to and from an M-Pesa balance. The solution, known as Kipochi, aims to enable Kenyans to receive money transfers from the diaspora in an easier, faster and cheaper way, compared with banks and money transferring ...

Full article: http://www.telecoms.com/162682/bitcoin-mobile-wallet-laun...

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