24 Jul '15, 4pm

Bitcoin companies move ahead in Africa

Efforts to get Bitcoin off the ground in Africa received a boost this week as BitX announced it has raised $4 million in funding. Africa is a market ripe for Bitcoin: it’s underserved by financial institutions due to the high cost of having a physical presence like ATMs, bank branches and remittance offices, according Werner van Rooyen, head of business development and growth at BitX. The company was founded in 2013 and runs a bitcoin exchange and provides wallets for the cryptocurrency. Its headquarters are in Singapore and it has offices South Africa, Indonesia, Kenya, Malaysia and Nigeria. The Series A funding round was led by South Africa’s Naspers Group. “There’s a lot of talk in finance of ‘the next billion’ and a big part of this next billion will come out of Africa,” Werner said via email. “Bitcoin is particularly great when you have low-value payments since there ...

Full article: http://www.pcworld.com/article/2952532/bitcoin-companies-...

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Bitcoin companies move ahead in Africa

cio.com 24 Jul '15, 4pm

Efforts to get Bitcoin off the ground in Africa received a boost this week as BitX announced it has raised $4 million in f...

Bitcoin companies move ahead in Africa | CIO - CIO

cio.com 24 Jul '15, 4pm

Efforts to get Bitcoin off the ground in Africa received a boost this week as BitX announced it has raised $4 million in f...

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