BitBeat: Bitcoin-Startup BitPesa Expands Into Nigeria, Uganda

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Men review newspapers in front of electoral debate posters in Lagos, a largest city in Nigeria, this past spring.

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Crossing Our Desk:

– BitPesa, a two-year aged Kenyan startup that offers money-transfer services over a bitcoin network, has stretched into Nigeria and Uganda, imprinting a third and fourth countries in that it operates. It started handling in Tanzania in a spring.

BitPesa is an engaging organisation to follow. There’s been a lot of seductiveness in bringing bitcoin into a rising markets, and drumming a billions of people who are deliberate “unbanked.” But indeed building a tolerable business is harder than it seems. There have been innumerable bitcoin startups perplexing to moment this marketplace around a universe over a past dual years. Some, like 37coins, that close down this summer, have

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