In Kenya M-Pesa is a way of life. Locals use M-Pesa to pay for goods, pay utility bills, invest in government bonds, pay insurance premiums, deposit and withdraw money from their bank accounts, access short term loans, renew business licenses, pay taxes and even place sports bets. I…
By: Co-Pierre Georg , University of Cape Town and Qobolwakhe Dube , University of Cape Town With the price of a bitcoin reaching record highs of more than $10,000, more and more ordinary people consider investing in the cryptocurrency. The recent price surge, however, come…
Kenya is fifth, among countries with the largest Bitcoin holdings per capita in the World. This is according to a recent survey by Citibank. The value of Bitcoins held by Kenyans account for 2.3% of Gross Domestic Product (GDP) which translates to Kshs 163 billion worth of Bitcoins.…
I was fascinated to learn that blockchain technology could be employed to solve the problem of bureaucracy and corruption in public offices such as the land registry. I thought this technology is only useful in relation to Bitcoin and other cryptocurrencies. A proposal has been float…