Kenya: Are Bitcoins the Future of Mobile Money?

Joris Leverink
September 2, 2013

The use of the virtual currency Bitcoins could change the way money flows in Kenya. But it hasn’t caught on just yet.

Want to go to the market, pay for a taxi or send money back home? In Kenya, all you need is your mobile phone.

Ever since Safaricom, Kenya’s largest mobile-network operator, launched the mobile-payment system M-Pesa in 2007, some two-thirds of Kenya’s adult population have subscribed, and an astonishing 31% of the country’s GDP is now spent through mobile phones.

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