[2015-12-11] African Bitcoin Startups To Follow In 2016 By Cynthia Walubengo

[Sturgeon]

Back in September, I visited Tanzania and spent some time with the bitcoin community in that country: enthusiasts, startups and merchants. Having spent a considerable amount of time in this Eastern African country, I was awed by the potential of this market and the African continent in general. It is a big market. This is interesting because of all the growth we have seen in Africa in the last few years.

Africa is Making Strides, Big Strides

It is no secret that Africa is a mobile-centric market. According to an Erickson mobility report of 2015, more than 40% of Africans have a mobile phone. Majority of the people in Africa access the internt from their mobile phones. This provides a great opportunity for the bitcoin payment technology.

http://radar.techcabal.com/t/african-bitcoin-startups-to-follow-in-2016-by-cynthia-walubengo/3555

[Kprawn]

Unfortunately Cellphone companies like Vodaphone is pushing M-Pesa aggressively in those markets now. They will follow the success of this mobile payment option, since it is the

best payment method in other countries like Kenya. They should know, that this is the worst route to follow, because they are placing their trust in a cellphone provider. {centralized

service} Bitcoin is border-less and trust-less. The best option is already out there... it is called Bitcoin.