BitBeat: Bitcoin-Startup BitPesa Expands Into Nigeria, Uganda

Men read newspapers in front of electoral campaign posters in Lagos, the largest city in Nigeria, this past spring.

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Crossing Our Desk:

– BitPesa, the two-year old Kenyan startup that offers money-transfer services over the bitcoin network, has expanded into Nigeria and Uganda, marking the third and fourth countries in which it operates. It started operating in Tanzania in the spring.

BitPesa is an interesting firm to follow. There’s been a lot of interest in bringing bitcoin into the emerging markets, and tapping the billions of people who are considered “unbanked.” But actually building a sustainable business is harder than it seems. There have been myriad bitcoin startups trying to crack this market around the world over the past two years. Some, like 37coins, which shut down this summer, have found

Read more ... source: TheBitcoinNews