Of , course , just like this story
http://motherboard.vice.com/blog/one-third-of-kenyans-now-have-a-bitcoin-wallet
with the fake cab.
[/quote]
Forget it, that is one of the bunch of articles that appeared in July 2013 after a press release by Kipochi.
Kipochi is a fake. At the time I tried to contact them. They are practically nonexistent. They guy who wanted to build it issued a few wildly optimistic statements, that's all.
Moreover, Kipochi is not Safaricom, has nothing to do with them.
Topic: 2013-07-01 Bitcoin Wallet in Africa - www.kipochi.com (Read 6811 times)
Couldn't find anything on it so I guess its another misunderstanding (candidate donations approved was another in the hearings). Closest I could find was this on the BitX purchase:
http://www.coindesk.com/software-firm-buys-africas-largest-bitcoin-exchange/
http://www.coindesk.com/software-firm-buys-africas-largest-bitcoin-exchange/
Of , course , just like this story
http://motherboard.vice.com/blog/one-third-of-kenyans-now-have-a-bitcoin-wallet
with the fake cab.
Apparently M-PESA started accepting bitcoin directly, not seen any details yet though.
That would be a miracle. If anybody finds any evidence for this, please report! Since I am in Kenya regularly, it would even make my life easier.
Consider it something like anti-FUD news.
Apparently M-PESA started accepting bitcoin directly, not seen any details yet though.
That would be a miracle. If anybody finds any evidence for this, please report! Since I am in Kenya regularly, it would even make my life easier.
Apparently M-PESA started accepting bitcoin directly, not seen any details yet though.
I too heard that mentioned in the senate hearings and raised an eyebrow. Can't remember which one of the witnesses said it. I'm treating it as a misunderstanding for now. If it was true I think it would have made bigger waves in the community.
Any way to invest in kipochi or buy shares?
Right! That would be a smart move for sure!
There are smart moves and not so smart moves.
yawn. So Kipochi might have failed, but it looks like someone else is having a go:
here http://bitpesa.co/ , and here https://www.youtube.com/watch?v=RFhfWpQ8ezk
Nhial is also in this vid: https://www.youtube.com/watch?v=mJh4t21jZJk
here http://bitpesa.co/ , and here https://www.youtube.com/watch?v=RFhfWpQ8ezk
Nhial is also in this vid: https://www.youtube.com/watch?v=mJh4t21jZJk
I suspected that.
Bitcoin is a competitor to M-Pesa. Why should they cooperate?
Bitcoin is a competitor to M-Pesa. Why should they cooperate?
Because they want to make more money.
Paypal should start using bitcoins and take some fees for it... If they are smart.
Yes, and the banks should welcome bitcoins too.
But, strangely, they do just the opposite. They are currently trying to strangle Mt.Gox (or at least it looks like it to me, but perhaps Mt.Gox ist strangling itself).
I think all optimism of cooperation by any of the old-style financial institutions is misguided. Perhaps there will be minor, temporary successes on that front, but ultimately they will try to kill bitcoin.
I suspected that.
Bitcoin is a competitor to M-Pesa. Why should they cooperate?
Bitcoin is a competitor to M-Pesa. Why should they cooperate?
Because they want to make more money.
Paypal should start using bitcoins and take some fees for it... If they are smart.
I suspected that.
Bitcoin is a competitor to M-Pesa. Why should they cooperate?
Bitcoin is a competitor to M-Pesa. Why should they cooperate?
My money is missing. My support requests unanswered. My transaction list - well.. there isn't one.
Be careful. Great idea - crap execution. (unless the idea was to just take your money)
A few guys set up an account and sent some bitcoins only to find out that you cant transfer BTC out to another address.
Just anotherNigerian Kenyan scam, forget about it and move on.
Just another
Can you still find where they wrote about it? I would be interested in the details.
A few guys set up an account and sent some bitcoins only to find out that you cant transfer BTC out to another address.
Just anotherNigerian Kenyan scam, forget about it and move on.
Just another
Can you still find where they wrote about it? I would be interested in the details.
Months have passed; so what now? Has anybody ever used Kipochi? Apparently not.
A few guys set up an account and sent some bitcoins only to find out that you cant transfer BTC out to another address. Just another
Months have passed; so what now? Has anybody ever used Kipochi? Apparently not.
Kipochi has been very quiet for a while. Wonder whats up.
No response to my queries, and no updates form Pelle on http://bitcoins.co.ke/forum/showthread.php?tid=72 or anywhere else it seems.....
Have set up an account but cant buy with MPesa yet, plus no info on fees and no way to transfer BTC out to another BTC address.
No response to my queries, and no updates form Pelle on http://bitcoins.co.ke/forum/showthread.php?tid=72 or anywhere else it seems.....
Have set up an account but cant buy with MPesa yet, plus no info on fees and no way to transfer BTC out to another BTC address.
Its always great to be able to get money in and not back out.
It will be very hard for Kipochi to grow as the telcos will spent some serious marketing money.
Kenya news via the grapevine :
The Treasury has introduced a 10% excise tax on all money transfers, which will inevitably lead to generally higher prices, and the unfortunate consumer will bear the burden. It will cover not only bank transactions but mobile phone cash transfer systems such as M-Pesa and even the PO Savings Bank. “Its impact in the short term will be inflation and increase in the price of goods.” There is also a risk of creating an extensive “underground economy” which will deprive the Treasury of considerable revenue. A levy of 1.5% on the customs value of imported goods for railway development is already in force. The Kenya Revenue Authority missed its revenue target for 2012/2013 financial year by Shs.81 billion, although it showed a growth of 13.2% over the previous year. Part of the loss was attributed to “a shift in consumption patterns towards products with lower or zero tax rates.”
Depriving any Treasury of revenue is the number one thing we should all be striving to do.
The Treasury has introduced a 10% excise tax on all money transfers, which will inevitably lead to generally higher prices, and the unfortunate consumer will bear the burden. It will cover not only bank transactions but mobile phone cash transfer systems such as M-Pesa and even the PO Savings Bank. “Its impact in the short term will be inflation and increase in the price of goods.” There is also a risk of creating an extensive “underground economy” which will deprive the Treasury of considerable revenue. A levy of 1.5% on the customs value of imported goods for railway development is already in force. The Kenya Revenue Authority missed its revenue target for 2012/2013 financial year by Shs.81 billion, although it showed a growth of 13.2% over the previous year. Part of the loss was attributed to “a shift in consumption patterns towards products with lower or zero tax rates.”
Depriving any Treasury of revenue is the number one thing we should all be striving to do.
Gotta agree with you there. This type of self-defeating policy is exactly what with bring about the Bitcoin revolution that much faster.
This makes the so-called kenyan financial revolution a very mess. MPesa has alone horrible fees, combine it with taxes and the kenyans are soaked with every transaction they make, their income goes more and more to two monopolists (safaricom & state). This is terrible, I start to like our banking-system
Kipochi has been very quiet for a while. Wonder whats up.
No response to my queries, and no updates form Pelle on http://bitcoins.co.ke/forum/showthread.php?tid=72 or anywhere else it seems.....
Have set up an account but cant buy with MPesa yet, plus no info on fees and no way to transfer BTC out to another BTC address.
No response to my queries, and no updates form Pelle on http://bitcoins.co.ke/forum/showthread.php?tid=72 or anywhere else it seems.....
Have set up an account but cant buy with MPesa yet, plus no info on fees and no way to transfer BTC out to another BTC address.
Hope they are still around
They have a very active twitter account though
I think that's them
https://twitter.com/KipochiPay
Kipochi has been very quiet for a while. Wonder whats up.
No response to my queries, and no updates form Pelle on http://bitcoins.co.ke/forum/showthread.php?tid=72 or anywhere else it seems.....
Have set up an account but cant buy with MPesa yet, plus no info on fees and no way to transfer BTC out to another BTC address.
No response to my queries, and no updates form Pelle on http://bitcoins.co.ke/forum/showthread.php?tid=72 or anywhere else it seems.....
Have set up an account but cant buy with MPesa yet, plus no info on fees and no way to transfer BTC out to another BTC address.
Jump to: