Kipochi launches first Bitcoin wallet in Africa with M-Pesa integration
Written by Pelle Braendgaard on 8 months
Nairobi, July 1st, 2013 Kipochi Ltd has launched a groundbreaking solution that allows people to send/receive BitCoin and convert it to and from an M-Pesa balance.
This enables Kenyans to receive money transfers from the diaspora in an easier, faster and cheaper way, compared to using banks and money transferring services such as Western Union and MoneyGram.
Kipochi is a light weight easy to use BitCoin Wallet that allows users to receive and send BitCoin all over the world. Even for people using simple low cost feature phones.
Now with Kipochi, the remittances into Kenya has a faster and cheaper way to reach even the most remote areas in Kenya, villages with no banks or Western Union services – in an instant.
Imagine a world where your dear grandmother in northern Kenya suddenly does not have to travel 1 day to reach a bank, only to find out transfer has not yet arrived. Kipochi, M-Pesa and BitCoin can together assist the developing countries in creating faster remittances and growth on GDP, M-Pesa currently accounts for 31% of Kenya’s GDP
Kipochi works on all mobile phones, having SMS, USSD and HTML5 frontends, as well as a desktop computers.
About Kipochi: The founders of Kipochi are veterans in providing billing platforms worldwide.
Kipochi is privately owned and has offices in amongst other places Kenya and Nicaragua.
About BitCoin: BitCoin is a non-governmental virtual currency. There are currently roughly 11 million bitcoins in circulation.
About M-Pesa: M-Pesa, the leading mobile payment system in Kenya and in the world, more than 70% of Kenya’s adult population uses Mpesa for small transfers, such as cash between family/friends, paying domestic help, utility bills etc.
The Kipochi to M-Pesa service is operated by an independent 3rd party company in Kenya and is not directly affiliated with Safaricom the owners of M-Pesa.