IDG Connect – Kathryn Cave (Africa) – Is Bitcoin the Future of African Banking?

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KISs @GIBS‘s insight:

Bitcoin in Africa? – "In Africa everything is highlighted as an opportunity. Tech Hubs are bubbling up across the continent and (in many cases) a total lack of infrastructure means a whole host of the ‘Western-middle-steps’ can be bypassed. Monetary innovation can be witnessed in the phenomenal success of mobile money transfer service, M-Pesa, which registered around 17 million accounts across Kenya in 2012, and is said to have transacted an incredible 31% of the country’s GDP. Now throw into the mix serious problems which urgently need solutions, an incredibly young population and it becomes clear why this continent (above all) is prepared to try things that the rest of the world is scared of…"

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