Kenya, popular for its large network of mobile money agency network, is once again re-inventing the idea of mobile money with the emergence of a new kind of agency network – P2P a crypto vending network.
Kenya is one of the top African countries with the largest adoption of cryptocurrencies in Africa, but little has been told on how this has taken place.
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SEE ALSO: Kenya is the Most Bitcoin Maximalist Country Globally, Latest Study Shows
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With a lack of centralized exchanges in the country, P2P bitcoin trading in Kenya is thriving and growing, especially among young people.
In order to fully appreciate and understand how this is happening, BitKE is hosting a session with one such trader.
The session will also feature, Betty, a restaurant owner that accepts bitcoin and other cryptocurrencies as payment.
Check out the event details below:
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DETAILS:
- THEME: Crypto Adoption & Use in Kenya
- DATE: February 13, 2021
- TIME: 2.00 – 3.00PM, EAT
- SIGNUP LINK: https://bit.ly/BitKECatapult-41
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Amidst the recent restriction by the Central Bank of Nigeria (CBN) on financial institutions to close accounts related to crypto trading and cryptocurrency exchanges, the Kenyan P2P bitcoin space offers a glimpse of how the industry is evolving in Africa.
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RECOMMENDED READING: Mobile Money Accounts Surpassed 65 Million with a 46% Increase in Mobile Money Transactions in 2020, Says the Central Bank of Kenya
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