Could Bitcoin connect the mobile money islands?

Wednesday, November 13, 2013

Pelle Braendgaard, co-founder of the Kipochi Bitcoin wallet and transfer service, believes the controversial digital currency could act as a facilitator between mobile money platforms.

Speaking at AfricaCom 2013 in Cape Town today (Tuesday), Braendgaard said Bitcoin’s true potential was in disrupting the international remittance system.

HumanIPO reported in July Kipochi had launched the first Bitcoin-to-M-Pesa transfer service, however just two weeks later Safaricom pulled the plug on the agreement. HumanIPO understands it came under pressure from majority stakeholder Vodafone.

Source: HumanIPO (link opens in a new window)