10 Mar '15, 5am

Bitcoin Kenya: Cryptocurrency Revolution

Bitcoin Kenya: Cryptocurrency Revolution

Social media Share this article       Kenya continues to play a perfect host to the venture-backed Bitcoin companies, which are expanding fast in the region to give the premier money transfer agencies such as MoneyGram, PayPal, and Western Union, a run for their money. In February, the Bitcoin-based global remittance company BitPesa announced that it had raised $1.1 million in fresh funding, backed by hedge fund Pantera Capital. BitPesa expects to use the funding to penetrate deeper into the Kenyan markets, targeting small mobile payment services initially. The month also witnessed the entry of the Australian Bitcoin exchange , Igot , which expanded to Kenya following the acquisition of the local cryptocurrency exchange TagPesa . The region already boasts of M-Pesa, Airtel, Orange and other money wallets which are directly connected to the digital currencies. Such ru...

Full article: http://www.newsbtc.com/2015/03/10/bitcoin-kenya-cryptocur...

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