Native Startup Offers Crypto Remittance Service to Nigerians
Bitstake, a cryptocurrency exchange startup, offers a wide range of solutions to the 178 million people of Nigeria. Unlike most Bitcoin exchanges, which rely on users having access to the Internet in order to serve them, Bitstake has made it possible for its customers to access and use their wallets through SMS. This gives it a strong proposition in a country where only 38% of the population has access to the Internet, compared to a mobile phone penetration of close to 100%. Nigeria has the largest population in Africa, as well as the largest economy, with a 2013 GDP of $523 billion.....
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