News
According to a recent report, Africa’s lack of traditional financial infrastructure makes the region fertile ground for cryptocurrency adoption.
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BitPesa News
BitPesa is a trading platform which helps companies and their customers make payments in Bitcoin to, from and within frontier markets. BitPesa was founded in 2013 in Kenya and currently has representatives in London, Luxembourg, and more. Initially, the BitPesa Bitcoin exchange platform was developed only for transfers of Kenyan citizens to send money to mobile money wallets. Since 2015, it started operating in other African countries with the main purpose of using a decentralized principal of work and relatively low fees to provide people who don’t have bank accounts access to the global economy. At the moment, BitPesa specializes as a payment company that offers real-time settlements at wholesale exchange rates to frontier and emerging markets. There is no BitPesa app, yet, and it is available only on a mobile phone’s browser.
- News
13,000 South Korean ATMs will soon facilitate fiat withdrawal and international remittance services using Litecoin.
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More than 200 academics and developers gathered to discuss Ripple’s developer platform and global payment network.
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The World Economic Forum has appointed the CEO and founder of BitPesa, Elizabeth Rossiello, to serve as one of two co-chairs of the Global Blockchain Council.
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Crypto exchange Huobi has partnered with a Chinese blockchain company JD Cloud to explore blockchain and cloud computing.
17185 Visa is in hot competition to serve the unbanked as Blockchain startups such as BitPesa make ever-increasing inroads.
32350Kenya’s banks are aiming to compete with M-Pesa mobile money transfer with their own product, PesaLink. Their plan is to undercut M-Pesa on fees, but they will only serve bank account holders at first.
946Leading African bitcoin startup BitPesa secured a US$2.5 million funding round from leading venture capital firms including Draper VC, Blockchain Capital, BnkToTheFuture, Digital Currency Group and Pantera Capital.
2696MMM Global hurts Bitcoin business in Africa, Bitpesa Bitcoin exchange warns its users on the need to be cautious.
1603Kenya Ministry of Communications and Information Technology minister Joe Mucheru is unable to sell his shares in BitPesa after the federal government imposed tightened regulations on virtual currency.
3482It has been revealed recently that Safaricom, a leading Kenyan mobile network operator, tried to shut down a promising Bitcoin startup. Are monopolists that much afraid of losing out to Bitcoin?
1554African blockchain-related startups will pitch new products at SWIFT African Regional Conference in Mauritius on May 18.
909BitFury announced that it has invested in BitPesa, a universal payment and trading platform for the African continent, through its investment wing, BitFury Capital
1009M-Pesa operator Safaricom will not be required to grant access to bitcoin startup BitPesa amid an ongoing legal dispute. What are the consequences?
1155What happened this week in crypto innovation? Here's all the news that's fit to print
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