Digital Currency Service Bitsoko to Benefit from the new IBM Innovation Space in Nairobi
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....
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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....
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....
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....
Bitcoin miners might soon flood to Nairobi to utilize the geothermal power available for them right now. An energy company makes this power source available and urges miners to purchase it. KenGen operates a renewable energy facility in Olkaria, Nairobi. They have enough space in this facility where bitcoin miners can open up shop for […]
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....