Bitsoko, Promotes Bitcoin Educational Events in Kenya
Bitsoko is a Nairobi-based Android digital currency wallet, funded by Bill & Melinda Gates foundation that aims to integrate the Blockchain technology to the mobile payment market in Africa. The startup enables people to send money from a smartphone for a 0.1% transaction fee. The company's mission is to bring digital currency to African people and to facilitate money transfers to Kenya. Bitsoko, today announced plans to sponsor a series of educational events in Nairobi, Kenya, on the Blockchain. This will be 6 events held monthly at the iHub innovation hub that will focus on Blockchain....
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Last month, Bill & Melinda Gates Foundation has funded Ghana based blockchain startup Bitsoko in a startup competition called Gran Challenges Explorations, which focused on promoting wide spread acceptance of mobile money by small merchants. Bitsoko received a research grant of US$100,000, and with it, Bitsoko aims to expand its bitcoin merchant payment processing and bitcoin wallet services to Zimbabwe and Sierra Leone. The project is entitled “Enable Universal Acceptance of Mobile Money Payments,” and if the project is successful, Bill & Melinda Gates Foundation will offer another....
Bitcoin startup Bitsoko announced that it soon will begin sponsoring a Blockchain Event Series in Nairobi, Kenya. The events, held monthly at the iHub innovation hub, will focus on Blockchain education and networking, and offer opportunities for local startups to pitch. The Bitsoko team, which is spread across Africa with a presence in Ghana, Zimbabwe, Uganda, Sierra Leone and Rwanda, uses Bitcoin to revolutionize money transfer and remittance services. The company offers digital currency services ranging from remittance and money transfer services to payment processing for merchants at a....
Nairobi-based digital currency wallet provider Bitsoko will immensely benefit from the new innovation and collaboration space announced by the New York-based hardware giant IBM at the Global Entrepreneurship Summit co-hosted by U. S. President Barack Obama on his first ever visit to Kenya as the President. The IBM Innovation Space will come up @ iHub - the heart of Nairobi's tech community - and will open from August 2015. The Bill & Melinda Gates Foundation-funded digital currency start-up Bitsoko is expected to grow significantly post the launch of this innovation platform. Bitsoko has....
A block chain technology company located in Ghana and Kenya, Bitsoko, has won a $100 000 grant from the Bill and Melinda Gates Foundation initiative Financial Services for the Poor. From their website, Bitsoko appears to be a bitcoin wallet and merchant services provider for the African market. Utilizing Bitcoin in places where currencies have seen extreme inflation is not the worst idea. Also read: Liberating Northern Ghana on the Block Chain: Model for Africa? The award is being funded through the Grand Challenges Exploration, an initiative of the Foundation that this year was focused on....
The hype in the Western media about Kenya being a pioneering laboratory for bitcoin is largely a mirage, according to a Motherboard reporter who recently visited the country in hopes of documenting bitcoin’s success there. Accompanying the reporter was Kenyan writer Daniel Nairo, who offered his insights on bitcoin’s hype versus its reality in his country. Upon visiting Bejo’s Bar and Grill in Nairobi, which payment processor Bitsoko has featured on its website, the reporter found no one using bitcoin. Allen Juma, who founded Bitsoko with his brother Gibson, said they tried to partner with....