THELOGICALINDIAN - Bitcoin is ascent appealing fast in Africa In actuality the agenda bill has been growing exponentially all about the world
This year there has been a abundant advance in investments accompanying to the agenda bill and Africa is no barring to this trend. A lot of startups are arising up with avant-garde applications for Bitcoin in the African context; these avant-garde applications are abolition the remittance market and authoritative the cryptocurrency accessible over SMS.
The capital Bitcoin startups arch this new anarchy in the abstemious are already broadly accepted aural the community:
Beam
Beam is a Ghanaian Bitcoin startup aiming to agitate remittances to and aural Africa, primarily by acid the amount of appointment money. Beam undercuts acceptable remittance services. The startup additionally allows funds to be remitted anon to adaptable money wallets, in a bid to accomplish Bitcoin added attainable to African markets.
BitPesa
Since its launch, BitPesa has taken Africa’s arising Bitcoin bazaar by storm, adopting follow-on allotment of US$1.1m beneath than a year afterwards launching; demography the absolute advance to US$1.7m. On the aback of this funding, BitPesa aftermost anniversary appear the roll-out of its casework to Tanzania, with added amplification to Uganda additionally planned for the abreast future.
Bankymoon
In South Africa, Bitcoin startup Bankymoon focuses on Bitcoin integration, accouterment Bitcoin acquittal gateways to acute metering vendors, which acquiesce the vendors to acquire Bitcoin payments for utilities.
BitFinance
Zimbabwean startup BitFinance runs the BitcoinFundi online bitcoin exchange, acceptance users to buy and advertise bitcoin with adaptable money and coffer transfers. BitFinance was afresh called to participate in Kenya-based accelerator Savannah Fund’s fourth programme, accepting amid US$25,000 and US$30,000 in allotment – the exact amount was not revealed.
Bitstake
Nigerian startup Bitstake provides agnate casework to Bitpesa and Beam to the Nigerian market. Bitstake is additionally acquainted of the challenges inherent to the African market, and as such allows Bitcoin to be beatific via SMS, after the use of internet architecture.
All these startups accept been introducing a lot of innovations and allowance the unbanked. In a final analysis, the achievement and advance of these third apple startups makes an absorbing access of the abstruse leapfrogging abeyant of Bitcoin in developing countries.
