Sarafu, a community inclusion currency (CIC) that recently transitioned into a cryptocurrency, is seeing increasing growth and adoption in the coast region of Kenya.
Sarafu works like vouchers, which can be exchanged for goods or services. Anyone with a Kenyan mobile phone line is eligible, including on feature phones.
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CICs allow people to give or trake credit without having to hold Kenyan Shillings. Sarafu is a classic example of a CIC in action across low-income neighborhoods in Kenya.
In Kisauni, a section of Mombasa, another coastal town in Kenya, over 6, 500 people trade with Sarafu, an initiative that is also supported by the Kenya Red Cross, the largest humanitarian organization in Kenya
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RECOMMENDED READING: United Nations Spotlights the Sarafu Blockchain Currencies Used in Informal Settlements in Kenya
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