27 Aug '16, 9am

How A Worried Safaricom Used Backdoor To Shutdown Bitcoin Which Was Set To Neutralize Mpesa Dominance In Kenya

How A Worried Safaricom Used Backdoor To Shutdown Bitcoin Which Was Set To Neutralize Mpesa Dominance In Kenya

Kenya Insights has embarked on an in-depth investigation into the underworld operations of Kenya’s biggest telecom, Safaricom, in the first episode of the eight series of investigative pieces, we look into Bitpesa. BitPesa, a promising company, founded in 2013 was first to market using a groundbreaking global payments transfer technology, the Bitcoin Blockchain. Bitcoin blockchain technology, is completely open source, threatens Safaricom’s cross-border money transfer partnerships. A Citi Bank report came out last month citing this technology as highly disruptive in African cross-border payments. Again, Safaricom took to its tried and tested dirty tricks to move fast and shut down the service before it gained traction.

Full article: http://kenyainsights.com/revealed-how-a-worried-safaricom...

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