[2014-05-24] CD: BitPesa Launches Beta Testing for Kenyan Remittance Service

[LiteCoinGuy]

BitPesa Launches Beta Testing for Kenyan Remittance Service

http://www.coindesk.com/bitpesa-launches-beta-testing-kenyan-remittance-service/


BitPesa is the brainchild of Duncan Goldie-Scot, a well-known name in microfinance, and Elizabeth Rossiello, a Queens-born former Credit Suisse banker with a background in microfinance who’s been living in Nairobi the past five years. With Ms. Rossiello acting as CEO, the company has raised $700,000 so far, and its investors include Barry Silbert, founder of CEO of the private asset exchange Second Market.

“There’s a lot of talk about the impact of bitcoin around the world,” Mr. Silbert said. “This is the company that’s actually executing, that’s setting up the model.”

http://blogs.wsj.com/moneybeat/2014/05/23/kenyas-bitpesa-launches-beta-test-of-remittance-service/

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[bryant.coleman]

There has been a lot of hype about this... but the development was very slow. Anyway let's hope that BitPesa will be able to capture significant market share from the Western Union.