How Bitcoin could revolutionize remittance in Africa

bitcoin

A host of local companies are looking to disrupt the remittance market in Africa by undercutting traditional money transfer operators while also offering businesses new ways of accepting payments on a continent with low credit card penetration and an over-reliance on cash. The likes of Igot, Beam, BitPesa and BitX have spotted an opportunity to build Bitcoin businesses in Africa. Though stolen bitcoins, the collapse of the Mt.Gox exchange and drastic digital currency value fluctuations have made Bitcoin a byword for controversy in much of the Western world, they feel it can find a true home in Africa, the land…



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from The Next Web http://thenextweb.com/africa/2015/04/13/how-bitcoin-could-revolutionize-remittance-in-africa/

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