What is driving Kenya’s Bitcoin demand?

 

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Enterprising young Kenyan have figured out they can use bitcoin as a payment mechanism to take part in global online commerce . They buy bitcoin from a peer to peer market (here) and use it to pay for stuff online. For as little as 200 KES, they can purchase $ 2 worth of Bitcoin to make micro payments to their favorite sports bet pickers.

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The Curse of the Dollar, Why bitcoin matters for Africa

Commodity prices have dictated Africa’s fortunes for decades. Over the last 8 months, however, falling commodity prices have exposed the weakness of this model. I have always said, the peoples of Africa are best placed to benefit from an apolitical global currency like Bitcoin. [Read more…]