Financial Monopolists Fear Losing out to Bitcoin, This Story Proves it
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....
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