By Nikunj Handa on August 22, 2014
Nikunj Handa, one of the entrepreneurs behind DEMO Africa 2014 selected company Kitiwa, explains why and how Bitcoins may be a vehicle for a financial revolution in Africa and other parts of the ‘developing world’.
Cheap and easy access to global payment networks and international money transfers is a first world luxury.
For many in developing nations, making online payments on websites like Amazon or eBay can be extremely difficult or even impossible. Merchants in developing countries also find it incredibly difficult to accept payments using globally renowned payment services like Visa and MasterCard. Comparatively, merchants and consumers in countries like the United States enjoy a full suite of convenient services from e-payment companies like Paypal.
As a result, merchants in major African economies like Nigeria (GDP: 262 bn) find [...]Continue reading Bitcoin: a financial revolution driver in Africa & the developing world? »