2013-07-08 Memeburn - Kipochi brings Bitcoin to Africa through M-Pesa

hgmichna

hero member

Activity: 695

Merit: 500

Quote from: solex on September 28, 2013, 06:53:52 AM

I saw a couple of follow-up items recently, looks like only a few people have tried the service. I suspect that competing with KSh is the wrong track. Bitcoin's killer function in Africa is international transfers from Western countries direct to the local people, fast and cheap. Once this area has taken off then it should do better for general local usage.

I don't understand your reply. Did you try Kipochi or didn't you? Have you heard of anybody who did? Who? If not, why did you even bother to reply?

Should your African friends eat bitcoins?

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

I saw a couple of follow-up items recently, looks like only a few people have tried the service. I suspect that competing with KSh is the wrong track. Bitcoin's killer function in Africa is international transfers from Western countries direct to the local people, fast and cheap. Once this area has taken off then it should do better for general local usage.

hgmichna

hero member

Activity: 695

Merit: 500

Has anybody tried it? Please report.

A successful trial would be to send bitcoins to a Kipochi wallet, then change them into KSh through M-Pesa.

Alternatively, buy bitcoins from M-Pesa money.

I find it suspicious that nobody is reporting any success here.

kiko

sr. member

Activity: 453

Merit: 250

http://memeburn.com/2013/07/kipochi-brings-bitcoin-to-africa-through-m-pesa/

Quote

Kenyans will be able to send and receive Bitcoin and convert it to and from an M-Pesa balance. You can also buy and invest in Bitcoin. Though what stands out the most is probably the fact that the Kenyan diaspora will now compete with international transfer companies such as Western Union. Exchanging money will thus be made much cheaper as Bitcoin only charge US$0.04.
Kipochi works on all mobile phones, having SMS, USSD and HTML5 frontends, as well as a desktop computers.

Topic: 2013-07-08 Memeburn - Kipochi brings Bitcoin to Africa through M-Pesa (Read 921 times)