The first Bitcoin wallet has been introduced into Kenya’s Nairobi by Kipochi, using M-Pesa Integration
M-Pesa (pesa meaning money in Swahili), a mobile based money transfer facility in Kenya has joined with Kipochi, to enable Kenyan’s, in the most far reaching and rural areas, to send and receive Bitcoin with an E-Wallet.
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This is revolutionary within the given context and, could really service people who may not have transport or easy access to banking facilities. Kipochi works on desktop computers, and on any ordinary mobile-phone that has SMS, USSD or HTML5.
M-Pesa is responsible for 31% of Kenya’s GDP which suggests that this payment intervention by Bitcoin, M-Pesa and Kipochi has as much to do with economic development as it does with mobile payment options.