How BitPesa Plans to Reduce Friction in the Remittances Market

How BitPesa Plans to Reduce Friction in the Remittances Market

The global remittances industry is now worth over $500bn a year and, for bitcoin advocates, it represents unimpeachable proof of the need for decentralized digital currency. With high fees on international money transfers and few players in the market, the space is, to use the cliché, ripe for disruption. Enter BitPesa, a bitcoin remittances company that integrates with Kenya's mobile money system M-Pesa. Its success in challenging giants like Western Union in the Kenyan market will signal whether or not bitcoin can compete in the remittances market globally. Social business. BitPesa CEO....


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