Kenya Looks To Blockchain Technology

16 March 2018

Money Transfer

Kenya has for years regarded blockchain technology and digital currencies with suspicion, comparing bitcoin to a “pyramid scheme,” and emphasizing that it had no legal footing.

That wariness has been shared by the governments of Egypt, Nigeria, and Tanzania, and by giant telecom operators such as Safaricom—35% of which is owned by the Kenyan government—which terminated bitcoin trading platforms like Kipochi from using their dominant mobile money service M-Pesa.

Read the full article on Quartz here.