Mining Giant BitFury Invests in BitPesa, the Pan-African Bitcoin Payment and Trading Platform
BitFury announced on Monday that it has invested in BitPesa, a universal payment and trading platform for the African continent, via its investment wing BitFury Capital. Why BitPesa? The platform allows individuals and businesses to send payments to and from African countries; namely, Kenya, Nigeria, Uganda, and Tanzania. BitPesa accepts Bitcoins from anywhere in the world and exchanges it for local African currencies. In addition, BitPesa offers a service to convert the local African currencies into international currencies with the use of Bitcoin, hence removing the dependence on the US....
Related News
Bitcoin mining giant BitFury has today announced a ‘strategic investment’ through its investment arm BitFury Capital in BitPesa, a Pan-African and universal payment and bitcoin trading platform. The BitFury Group, the best-funded miner in the Bitcoin industry through investments has today announced an investment of its own in African bitcoin payment and trading platform BitPesa. As a payments processor, BitPesa enables users in Africa to buy and sell local African currencies through Bitcoin. The settlement directly occurs to and from African bank and mobile money accounts. The use of....
Bitcoin blockchain mining infrastructure provider BitFury has announced it has made a strategic investment in the universal African Bitcoin exchange BitPesa. Founded in 2013, BitPesa sees itself as an easy way for businesses and individuals worldwide to buy and sell local African currencies through Bitcoin to Kenya, Nigeria, Uganda and Tanzania with the monetary settlement taking place directly with African banks and mobile money accounts. BitPesa is also one of the few Bitcoin organizations in Africa that provide bank deposits and withdrawals, which allows senders and receivers to take....
BitFury is a well-respected company in the Bitcoin community, as they are a hardware manufacturer as well as a company helping with validating transactions. In one of their recent announcements, the company mentioned how they made a strategic investment in BitPesa. This investment will help grow the Bitcoin trading platform and universal payment solution offered by BitPesa. BitFury Investment in BitPesa. It may sound strange on paper to hear BitFury has taken an interest in BitPesa, let alone invest in the company. But both businesses share a similar goal, as they want to increase....
Bitcoin startups BitPesa and Bitbond, based in Africa and Germany respectively, have announced a new initiative to bring financing options to businesses in Kenya, Nigeria, Tanzania and Uganda. The partnership sees BitPesa, a pan-African bitcoin payments startup that initially launched in Kenya in 2013 as the continent’s first bitcoin company, with Bitbond, a prominent Berlin-based peer-to-peer crowdlending platform for small and medium-sized enterprises globally, while the public Bitcoin blockchain for payment processing. Bitbond claims to have processed over 1,6000 loans worth $1.2....
Earlier this week, leading African Bitcoin startup BitPesa secured a $2.5 mln funding round from leading venture capital firms including Draper VC, Blockchain Capital, BnkToTheFuture, Digital Currency Group and Pantera Capital. To date, the startup has secured mlns of dollars in funding, both in disclosed and undisclosed amounts, from key players within the Bitcoin industry, such as The BitFury Group and Pantera Capital. In 2015, Pantera Capital led a $1.1 mln funding round and BitPesa secured another investment earlier in 2016. Over the past few years, BitPesa has focused on providing....