Topic: [2015-12-18] Bitcoin Money Transfers Spark Debate in Kenya (Read 277 times)
This debate is good for the adoption in Kenya. It will let more people know about bitcoin and these people might try bitcoin one day.
NAIROBI - There is a new way to send money to and from Kenya by way of the virtual currency bitcoin.
While the company, Bitpesa, charges fees significantly lower than traditional money transfer services, some worry that the lack of regulation around bitcoins could put transactions at risk and open the way to criminal activity.
The bitcoin has been around for six years. It is a digital, decentralized currency, meaning it only exists electronically and there is no regulation or oversight by any bank or financial institution.
A Kenyan start-up called Bitpesa now allows people to send money into and out of Kenya through bitcoins. The company said in just two years, the number of registered users has grown to 4,000.
http://www.bignewsnetwork.com/news/239572961/bitcoin-money-transfers-spark-debate-in-kenya
While the company, Bitpesa, charges fees significantly lower than traditional money transfer services, some worry that the lack of regulation around bitcoins could put transactions at risk and open the way to criminal activity.
The bitcoin has been around for six years. It is a digital, decentralized currency, meaning it only exists electronically and there is no regulation or oversight by any bank or financial institution.
A Kenyan start-up called Bitpesa now allows people to send money into and out of Kenya through bitcoins. The company said in just two years, the number of registered users has grown to 4,000.
http://www.bignewsnetwork.com/news/239572961/bitcoin-money-transfers-spark-debate-in-kenya
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