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Kenya’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.
Leading 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.
MMM Global hurts Bitcoin business in Africa, Bitpesa Bitcoin exchange warns its users on the need to be cautious.
Kenya 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.
It 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?
African blockchain-related startups will pitch new products at SWIFT African Regional Conference in Mauritius on May 18.
BitFury announced that it has invested in BitPesa, a universal payment and trading platform for the African continent, through its investment wing, BitFury Capital
M-Pesa operator Safaricom will not be required to grant access to bitcoin startup BitPesa amid an ongoing legal dispute. What are the consequences?
What happened this week in crypto innovation? Here's all the news that's fit to print
BTC Guild will close shop in New York over the Bitlicense; Goldman Sachs plans to launch its own LendingClub competitor; Adam Back has called for more open discussion on the Bitcoin Block size and more news
Ripple Labs raised a US$28 million series A funding round, Ross Ulbricht's defense urges judge in Silk Road case to consider the dark market’s potential for harm reduction, and more news.
Africa has achieved yet another milestone in the world of cryptocurrency as the first quarter of 2015 drew to a close.
Bitcoin and Africa are often mentioned in the same sentence, particularly when talking about remittances and the unbanked.
Juniter’s prediction of 5 million Bitcoin users by 2019 sounds lackluster, but if current activity in Africa is sustained, it could also be proven meaningless.
It is a well-documented fact that Africa has a huge number of unbanked, which in some countries goes beyond 70%, and also incurs very high costs of money transmission. It follows then that when Bitcoin is mentioned in the same breath as Africa, it is often as a technology that is in a position to help solve these problems.
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