Mobile Money for the Unbanked

Tuesday, December 17, 2013

In July 2013, Kipochi Ltd, a Kenyan bitcoin wallet, released a press statementannouncing the launch of “a groundbreaking solution that allows people to send/receive bitcoins and convert it to and from an M-PESA balance.”

According to Pelle Braendgaard, the company’s CTO, “this enables Kenyans to receive money transfers from the diaspora in an easier, faster and cheaper way, compared to using banks and money transferring services such as Western Union and MoneyGram.”

Source: GSMA (link opens in a new window)

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bitcoin, digital currency, digital payments, mobile money, remittances