Bitcoin contra M-Pesa: Digital payments rumble in a jungle

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On 14 December, a high justice in Kenya will come to a rough preference in a conflict between Bitcoin remittance and payments association BitPesa, that is suing Safaricom, a telecom association that operates M-Pesa. Also suing is Lipisha, a remuneration association that gateways BitPesa and M-Pesa.

Safaricom had stopped Lipisha estimate M-Pesa transactions, frozen monies per to Lipisha exchange in a accounts – apparently a remuneration handler was told by approach of a content message. Safaricom after backed Lipisha’s access, though usually did so on a condition that Lipisha cancel a attribute with BitPesa, giving Lipisha usually one hour to decide. Lipisha and BitPesa explain Safaricom has no authorised right to do so and is infringing on “rights to acquire and possess property, satisfactory administration and mercantile interests”.

Safaricom says BitPesa does not accommodate a class per anti-money laundering requirements, invoking a need for a looseness to be means to bond to a customers. Under a auspices of Lipisha, BitPesa converted a customers’ bitcoins into Kenyan shillings and sent them to recipients’ M-Pesa. It is misleading accurately how, or by whom, AML manners will be enforced in this case. In a meantime, exchange between a platforms sojourn suspended.

Bitpesa told IBTimes UK: “BitPesa

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