BitPesa | Africa’s Cryptocurrency and BTC Exchange
Just Bought Bitcoins From BitPesa via Mpesa : Bitcoin
How to withdraw Bitcoins to MPESA in 5 Easy Simple Steps
How to Get Bitcoin with M-Pesa: List of Safe Exchanges
Most successful mobile-phone-based financial service in the developing world M-Pesa fees are 0.26-3.19 USD (if registered user) Bitcoin Cash: No registration, fee 0.0009 USD, instant transfer.
Just found this interesting.
Transaction charges depend on the amount of money being transferred and whether the payee is a registered user of the service. The actual cost is a fixed amount for a given range of transaction sizes; for example Safaricom charges up to 66 KShs (0.64 USD) for a transaction to an unregistered user for transactions between 101-500 KShs (0.98–4.84 USD) and 27 KShs (0.26 USD) for a transfer to a registered user for the same amount. At the highest transfer bracket of 50,001-70,000 KShs the fee for a transfer to a registered user is 110 KShs (1.06 USD). The maximum amount that can be transferred to a non-registered user of the system is 35,000 KShs (338.59 USD), with a fee of 275 KShs (2.66 USD).
Sunday night's '60 Minutes' featured a segment on Kenya's M-Pesa, and it could easily have been about Bitcoin
http://www.cbsnews.com/news/future-of-money-kenya-m-pesa-60-minutes/ Lesley Stahl went to Kenya to test out this new virtual currency where all you need is a basic cell phone; no bank account or credit history. She found it fascinating and cool and relayed a sense of optimism for the viewers of the show. Unfortunately we're not talking about Bitcoin, but a close predecessor, a virtual currency called M-Pesa. The major cellular network of the region, SafariCom, created this mobile money for its users in 2007 due to the ubiquity of cell phones and a high percentage of unbanked individuals. It was an experiment, and banks did not like it (for obvious reasons), however, it has been a wild success. It's helped Kenyans access the financial system that they were otherwise boxed out of, and it's also reduced crime. Now, close to 50% of Kenya's annual GDP is transacted in M-Pesa. Bitcoin is a global version of M-Pesa, and in the 60 Minutes segment if every time they say "M-Pesa" you instead substitute it for "Bitcoin", I think it makes sense :)
RECAP FROM 2006 TO DATE AND THE DIGITAL TRAINING SCHOOL OF ITS KIND WITH BITCOINS IN KENYA
Happy December, Christmas mood is already in, I hope you all ready for 2015. Bitcoin is my thing, this what I do daily, right now am preparing a course for educating on Bitcoin next year. Am loving what the Bitcoins are doing, don’t you forget to support this education initiative. At least by now my friends and a few people have literally good knowledge on Bitcoin though they are demanding for Bitcoin jobs, am glad at least I can offer some education. Here home, the experience of M-pesa has really be useful and transformative in this country and region, so to I believe Crypto currency is joining the journey to transforming Africa more and in new ways especially touching and uplifting the unbanked and boosting the potential of the people. Having been online as early as of 2006 to date; it has been out of passion for computers and internet. I have earned more money online than in my local currency, unlike many around me who get paid with local currency only and it has not been easy. First Poor Internet and Power Blackouts makes one mad,(Source of power, Internet access and a Laptop) are my most powerful daily tools. Paypal never used to work in Kenya few years ago, No Visa cards, No MasterCard’s at least the savior was western union but very expensive, I remember at some point in 2010, I incurred a total cost of 35% to do a transaction through a friend from United states where I was transferring $500 from my paypal account to her account then to Western Union and after receiving the money I loaded it Into an M-pesa account so that I could send that money to a Hotel where I was doing my graduation party. The complete transfer process took me around 4days. However times and things have changed, nowdays the fastest way to receive money from Paypal to my M-pesa will cost me atleast between 9.5% to 12% depending on the amount and the transfer process takes between 30 Mins to 2 Hours, it’s a bit reliable and fast, but still expensive. There is a local bank that offers a paypal service at a better rate but to receive the money it will take 5days to 8days, it took me 12days to receive money from my paypal account through the bank and Finally to my M-pesa. Bitcoin now is the secret, seems more of a miracle, currently for me to receive my Bitcoin in My Mpesa today is about 3% and very fast indeed. I have over years diversified my online experience ranging from Ebay, Amazon, Paypal, Youtube, Google, Facebook, Skype, Forex trading, Websites, Blogging, Affiliate Programs, Advertising, Social Media Marketing, SEO e.t.c. I have rich experience and knowledge in Computers, Smart Phones, Internet Connectivity and e-commerce. It is with these tools that the Bitcoin opportunity fully presented itself to me second time early this year when doing forex trading and I took it immediately and it lead me deep into crypto currency world. I have seen what M-pesa has done for me, my country and neighbouring countries, cryptocurrency is a whole transformative revolution of the computer generation. After deep reading and researching, few months’ a go I decided to started a Bitcoin education initiative, 3 Months down the line am speaking Bitcoin to an audience of 75 on my FB page and so many more interested in knowing more. Actually I have a joint work station where we meet with my team of marketer’s who are switching to Bitcoin and we discuss and talk everything about Bitcoin, I just realized it can turn to consultancy. On monthly basis no missing the Nairobi Bitcoin Meet-up at Nairobi (i-hub) and off course networking on Bitcoin on social media and also meeting one on one with guys around my home area who what to hear about Bitcoins. Many are the times when I meet new guys, I like asking them if they have heard of Bitcoin, most say no, some claim yes they have heard but don’t know anything about it. This is where I come in with my Bitcoin education Initiative, I love answering those questions and explaining on Blockchain and Bitcoin. The children and the youths can play a vital role as the drivers to the future, they need to be empowered and be equipped with relevant technological tools to transform and make an impact especially in My Continent Africa, and this can so easily been achieved through education. To me I see Blockchain and crypto currencies and particularly Bitcoin as the futuristic players in the digital world full of endless opportunities. My team and I are committed to taking this Bitcoin education initiative to another level higher. It is with support by Bitcoin Community that the dream of a physical Digital Training School of its kind “Crypto Tech Hub” will come to exist in Kenya. The school will offer Training and education to the young people of my country and Expand to other African nations targeting students of age group (14-24 years) from high schools, Colleges, Universities and Entrepreneurs. The goal is to equip them with necessary skills and Training in the following areas. 1. Internet Technology and Technological Revolution 2. Blockchain, Crypto currency and Bitcoin 3. 3D Printing/Addictive manufacturing 4. Globalization and E-commerce 5. Green Entrepreneurship The Digital Training School Start up support is highly welcomed; every raised Bitcoin will go towards: 1. Course work Development 2. Computers/Laptops and Internet 3. 3D Printer and 3D Scanner 4. Infrastructure Acquisition and Development (The School) 5. Logistics and Operations 6. Innovation and Development 7. Salary/Remuneration At the end of the training period which will take 6 Months, the students will graduate with a certificate indicating having fully satisfied that one has undergone training in Digital Technology and has acquired necessary skills ready to enter into the Technological Revolution of our time in various disciplines. Donate Bitcoin to support this initiative: 1NxNSD5R1JuWmPvQXgohcfyrqHVHvj3nZV
Just back from Kenya and if Bitcoin can steal M-pesa's lunch then Africa could lead the way in world adoption.
Everyone I met had a mobile phone. The two Masai warriors who took us on a trek through the Rift valley had mobiles. M-pesa was everywhere, everyone used it, every shack shop in a three goat village had M-pesa signs painted on it. No-one had heard of Bitcoin but they were all interested when they understood that the charges were minimal in comparison to M-pesa. I'm pretty convinced that if Bitcoin can steal M-pesa's lunch then Africa could lead the way in world adoption.
L-Pesa creates blockchain-based, smart contract loans enabling people across the internet to grow their businesses and become thriving entrepreneurs. Hopeful visionaries can take loans in Ether or Bitcoin and then participate in L-Pesa’s curated marketplace facilitating peer-to-peer lending.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Safaricom has launched the 'M-PESA For Business' app and portal to enable businesses better manage and track payments to suppliers. www.bitcoinke.io Bitcoin Cash; Ethereum; USD Today Open. USD 24-Hour High. USD 24-Hour Low. USD 24-Hour Volume. USD Today Open. USD 24-Hour High. USD 24-Hour Low. USD 24-Hour Volume. USD Today Open. USD 24-Hour High. USD 24-Hour Low. USD 24-Hour Volume. 1. Sign up. Create and Account with us then Verify Your ID. 2. Get a digital wallet. Buy Bitcoin with M-Pesa Paxful is the best place to buy Bitcoin with M-Pesa Buy and sell cryptocurrency with M-Pesa. Now you can use M-Pesa to buy and sell cryptocurrency instantly and securely on Paxful. See the list of offers below. Please wait while we find the best offers for you. Now, Western Union isn’t scrambing to get bitcoin customers signed up, but the M-PESA example is a sign that all it takes is user adoption for big financial companies to get on board with
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