• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

BitPesa Expands Bitcoin Remittance Service to Tanzania

Jp Buntinx by Jp Buntinx
7 years ago
in Bitcoin, Bitcoin Acceptance, Bitcoin Exchange, Bitcoin Service, Companies, Emerging Markets, Markets and Prices, News, News teaser, Services, Trending
0
Advertisement

BitPesa has made a name for itself in the world of Bitcoin-enabled remittance services. Up until this point, though, most of BitPesa’s efforts have been focused on Kenya, one of the most underbanked countries in the world. But yesterday, the company announced its expansion into Tanzania.

Also read: BitPesa Raises $1.1 Million to Expand to New African Countries

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

BitPesa: Sending Money To and From Africa Made Easy

bitpesaThe remittance market is being dominated by a handful of players, all of which charge high fees for their services. Furthermore, seeing how most of the African population has limited to no access to a bank account, there are not many options available for moving funds in and out of the continent. However, Bitcoin has made room for new players to enter the market.

BitPesa is one of those Bitcoin-related companies bringing the decentralized nature of Bitcoin to Africa. There is a good reason for that, as Bitcoin can be exchanged into any local currency around the world, eliminating the need for exchange offices. Combine that with the extremely low transaction fees, and Bitcoin has the potential to become a major competitor to companies like Western Union and MoneyGram.

BitPesa releases fund to recipients in their local currencies, which can be deposited into bank accounts or paid out in shillings on mobile devices. Since the number of feature phones and low-end smartphones is on the rise in Africa year over year, BitPesa is targeting mobile users.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

In addition to its remittance services, BitPesa offers benefits for businesses. Companies can directly pay their suppliers and employees by sending funds to a mobile phone number or bank account.

Expanding Business To Tanzania

BitPesa-Tanzania-1Looking to grow its customer base, BitPesa has expanded their business model to Tanzania. This is the second country in Africa where BitPesa will be offering their services. Similar to how its service works in Kenya, BitPesa lets anyone in the world send money to any mobile phone number in Tanzania. It is important to notice that all of Tanzania’s mobile money operators are included in this service, giving BitPesa a way to cover the entire country in terms of Bitcoin remittances. BitPesa charges a 3% fee per transaction.

Currently, it is uncertain whether BitPesa will see the same level of success in Tanzania as it has in Keynya. But one thing’s for sure: Bitcoin remittances and mobile payments are on the rise.

Have you ever used BitPesa’s Services? Let us know in the comments below!


Source: BitPesa Blog

Images courtesy of BitPesa

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jp Buntinx

Jp Buntinx

JP Buntinx is a freelance Bitcoin writer and Bitcoin journalist for various digital currency news outlets around the world. In other notes, Jean-Pierre is an active member of the Belgian Bitcoin Association, and occasionally attends various Bitcoin Meetups in Ghent and Brussels

Related Posts

bitcoin miners

Head To Head: Bitcoin Miner Revenues Surpass Ethereum But There’s More

7 hours ago
Warba Bank

Warba Bank Becomes 1st Islamic Lender To Enter The Metaverse

17 hours ago
Sango, President Faustin-Archange Touadéra

The Central African Republic Unveils Sango Project, Disappoints The World

21 hours ago
Bitcoin

Bitcoin Legalization Pushed By Mexican Senator, Despite Central Bank’s Opposition

2 days ago
Oslo Freedom Forum, Lyn Alden screenshot

3 Lessons From The Oslo Freedom Forum: BTC Is Different – Neigut, Alden, Feinstein

2 days ago
Bitcoin

Bitcoin Funding Rate Turns Deep Red, Short Squeeze Soon?

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.