Despite being home to arguably Africa’s biggest bitcoin exchange or remittance startup (BitPesa) and ranking as one of the top three countries with the highest peer-to-peer trading volumes on the African continent, Kenya has shown itself to be anything but hospitable to bitcoin-based businesses. In 2015, the Central Bank of Kenya took a newspaper ad … Read more
You can get Bitcoin, just like any currency, by earning it for something you sell (get paid for your goods & services), getting your company to pay you in Bitcoin (unlikely, since HR might not be familiar with it), you can mine it (rather technical and expensive) or you can just go ahead and buy some! There’s a little admin involved but it’s easier … Read more
Any new and exciting technology comes with its own new (and not-so-exciting) challenges. Bitcoin is still in an experimental phase and only slowly hitting the mainstream. While it’s clear that it has many advantages, there are still a few risks involved in using it and digital currencies in general. It’s important to be aware of … Read more
Ponzi schemes recently enjoyed renewed public attention with the 2008 financial crisis and the Bernie Madoff scandal, but they first gained notoriety from their namesake, Mr. Charles Ponzi. So, what is a Ponzi scheme? Simply put, a Ponzi scheme pays high returns to investors, which don’t come from business activities. The scheme simply uses new … Read more
Join me in this post to find out Where to buy bitcoins in Kenya. Trading with Bitcoins in Kenya started in late 2015. A Bitcoin is virtual money that is used to purchase products and pay for services online. Bitcoins can be converted into hard cash at any time to be used offline. The conversion … Read more
