31 May '15, 12pm

A million dollar #bitcoin startup is taking over #Africa #bitpesa

A million dollar #bitcoin startup is taking over #Africa #bitpesa

Africa’s reputation as a gigantic incubator for experiments in cryptocurrency got another boost this week when Kenyan startup BitPesa announced that it is expanding into neighbouring Tanzania, just one year after its launch. The mobile-friendly digital currency exchange has already raised $1.8 million from international investors and is expected to continue to spread across Africa into the melting pot of the continent’s other emerging markets. BitPesa’s CEO Elizabeth Rossiello recently espoused her company’s emergence at the Bitcoin Africa Conference in Cape Town, highlighting how the continent’s financial services sector is ripe for integration with bitcoin-based tech. “We’re the first company on the planet to link mobile money with bitcoin,” she said. “About 97% of the people in Kenya use mobile money. In Tanzania it’s even better. We call it mobile money 2.0 where they ...

Full article: http://africafreak.com/blog/bitpesa-kenyas-million-dollar...

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