UN Kenyan Mission Praises Local Blockchain-Based Initiative for Helping to Re...
The United Nations (UN) mission in Kenya recently praised a local blockchain-based community inclusion currency (CIC) initiative for its part in helping to reduce poverty in one of the country’s poor informal settlements. The mission’s sentiments follow a tour of the Mukuru informal settlement by its resident coordinator, Stephen Jackson. In a tweet, the mission commended the Sarafu blockchain anchored e-voucher system for helping “vulnerable households access basic needs.” An Alternative Medium of Exchange In a different tweet, UN Kenya also praised residents of....
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A Kenyan bitcoin mining company, Gridless, recently revealed how it is helping local communities reduce electricity costs by using excess generated power to mine bitcoin. The Gridless model has been hailed because it potentially helps to decentralize bitcoin mining as well as move some hashpower to Africa.
Using Wasted Energy to Mine Bitcoin
Gridless, a Kenya-based crypto mining company, has said the excess electricity from mini-grid hydro generators is now being used to mine bitcoin. The revenue generated from bitcoin mining helps to reduce or subsidize the cost of....
Bitcoin exchange igot has expanded to Kenya following the acquisition of TagPesa, a local cryptocurrency exchange and remittance gateway, and integration with M-Pesa's mobile payments service. Igot's Kenyan customers can now use the exchange's services by depositing and withdrawing Kenyan shillings either from their local bank accounts or their M-Pesa accounts. The company, which is based in Australia, also provides remittance services to over 40 countries worldwide, including the EU, Middle East and Africa. The acquisition of TagPesa allows igot customers around the world to send funds....
Tech powerhouse and early blockchain developer IBM is reportedly in talks with the Kenyan government to put public records from various sectors on a blockchain. According to regional publication Business Daily Africa, IBM is looking to transform public records’ management by introducing blockchain technology in the fields of health, education and real estate. The Kenyan Ministry of Information and Communication is for the plan, noting that information stored over a public, immutable ledger will help curb fake academic certificates as well as fraudulent land transactions. Speaking at the....
Space Kenya Networks Limited, a Kenyan web development company, recently announced the launch of its blockchain incubator BitHub. CCN spoke with the director of Space Networks Kenya and founder of BitHub to discuss the crypto- and bitcoin-space in Kenya. In a statement found on the website, BitHub describes its mission as: “Solving problems using innovative Blockchain solutions that are currently under development across the World.” Furthermore, the company says:” We believe that blockchain solutions will make substantial contributions to rethinking existing structures in the following....
Safaricom, a leading Kenyan mobile network operator with a multi-billion dollar revenue, tried to shut down a promising Bitcoin startup called BitPesa back in November 2015. The fact that the largest telecom corporation in the country abused its power and monopoly over the Kenyan financial industry in an attempt to eliminate a Bitcoin startup represents the significance and importance of the digital currency in the Kenyan financial market. How it all started. BitPesa was the most highly regarded Bitcoin startup in all of Africa. Both international and local investors and venture capital....