BitSoko Receives Global Challenges Exploration Grant
The most innovative idea to fight the greatest healthcare challenges is built around Bitcoin. BitSoko is one of the 52 projects that received Phase 1 grants as part of the Grand Challenges Explorations program. The Grand Challenges Explorations program is part of the Grand Challenges in Global Health initiative started in 2003 which is a family of grant programs directed at developing tools to help overcome various issues plaguing the healthcare domain in the developing world. The Grand Challenges Explorations is a $100 million grant program started in 2009 by Bill and Melinda Gates....
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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....
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....
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....
Last month, the Bill and Melinda Gates Foundation awarded bitcoin startup Bitsoko $100,000 to help troubleshoot Africa's now-ubiquitous mobile money systems. The news, which followed a long application process beginning last September, came as a surprise to the team of six, not least because Bill Gates has been publicly skeptical about the future of the payment technology in the developing world. "They [the foundation] had not worked with any other bitcoin startups to our knowledge, so we were really not too sure if they would want to come on and us be their first," Daniel Bloch, Bitsoko's....
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....