The volume of a investment was not disclosed.
Founded in Nov 2013, a Nairobi-based startup pitches itself as an easy approach to send income to Africa, nonetheless it essentially has an East African focus, charity sell services in Kenya, Nigeria, Uganda, and Tanzania.
The association accepts Bitcoin and exchanges it for internal African currencies, that are afterwards deposited into an African bank comment or into mobile income wallets, while also offered Bitcoin in Kenya, Nigeria, and Uganda, for those users who do not have entrance to other Bitcoin exchanges.
BitPesa is protected by a Financial Conduct Authority (FCA) as an Authorized Payment Institution, that according to a association means that it is a some-more devoted resolution than regulating spontaneous brokers or money agents, that are typically used for financial payments in East Africa.
“Our goal is to make tellurian transacting easier, generally for those who continue to face obstacles to financial growth,” BitFury Chief Executive Officer Valery Vavilov said in a matter (pdf). “A secure, pure and devoted form of