[2015-04-24] Australian bitcoin exchange igot acquires Kenyan exchange TagPesa

[LiteCoinGuy]

Australian bitcoin exchange igot acquires Kenyan exchange TagPesa

Australian bitcoin exchange igot is looking to Kenya for its next stage of growth.

The Adelaide-founded startup recently acquired Kenyan crytpocurrency exchange and remittance gateway TagPesa. The terms of the deal were not disclosed. In addition the startup has launched a new merchant feature that allows businesses to accept bitcoin payments from anywhere in the world, and have them quickly converted to a fiat currency. Merchants pay a 0.5% transaction fee.

http://www.startupsmart.com.au/financing-a-business/venture-capital/australian-bitcoin-exchange-igot-acquires-kenyan-exchange-tagpesa/2015041314513.htm

[Chef Ramsay]

So basically, they're starting a Bitpay out of this Kenyan outfit that charges half the fees as the former.