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Fast Company: Bitcoin’s Big Opportunity In Africa
Fast Company: Bitcoin’s Big Opportunity In Africa

Fast Company: Bitcoin’s Big Opportunity In Africa

Bitcoin is gaining traction in Africa, particularly in Kenya, where local tech startups are exploring its potential to revolutionize financial transactions. These startups, led by tech-savvy individuals like Michael Kimani and companies such as BitPesa, are leveraging bitcoin to tackle high remittance costs and financial inefficiencies. Kenya’s robust mobile money infrastructure, exemplified by M-Pesa, provides a fertile ground for bitcoin adoption. However, challenges remain, including regulatory uncertainties and the need to overcome bitcoin’s association with illicit activities. Despite these hurdles, the potential for bitcoin to reduce transaction costs and enhance financial inclusion is significant. Read it here.

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