[2016-08-31] cointelegraph.com] Financial Monopolists Fear Losing out to Bitcoin

[eye4bd]

Financial Monopolists Fear Losing out to Bitcoin, This Story Proves it

Safaricom, a leading Kenyan mobile network operator with a multi-billion dollar revenue, shut down a promising Bitcoin startup called BitPesa back in November 2015. The fact that the largest telecom corporation in the country abused its power and monopoly over the Kenyan financial industry to eliminate a Bitcoin startup represents the significance and importance of the digital currency in the Kenyan financial market................

https://cointelegraph.com/news/financial-monopolists-fear-losing-out-to-bitcoin-this-story-proves-it

[Gahs]

I see no reason why Safaricom should feel threatened by Bitpesa. Safaricom is into telecommunications while Bitpesa is a payment gateway, there really is no competition between the two.