07 Mar '15, 1pm

Kenya Adopts Bitcoin with Bitpesa, Tagpesa and M-Pesa #Kenya #Bitcoin

Kenya Adopts Bitcoin with Bitpesa, Tagpesa and M-Pesa #Kenya #Bitcoin

There is an old joke to the effect that you will always know a Kenyan in a foreign city because the first thing they will ask right at the airport is where they can find an M-Pesa agent in town. Of course, this is an exaggeration, but it goes to show how the service is entrenched in Kenyan society. M-Pesa facilitating Bitcoin adoption in Africa For those who might not be privileged to know what M-Pesa is, this is a mobile system that allows people to store money on their cell phones and, most importantly, pass it around. It is now a norm to pay for your dinner at a restaurant using M-Pesa and even buy electricity tokens from the power supply company when you reach home and you are greeted with a blackout since the previous token has expired. Vodafone through its local subsidiary, Safaricom, launched M-Pesa in 2005. Since then this service has grown so big so that when ther...

Full article: http://cointelegraph.com/news/113639/kenya-adopts-bitcoin...

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