Pushing the Boundaries of Economic Change: Bitcoin as a Medium of Exchange in Africa

Bitcoin is pushing the boundaries of economic change in Africa. In East Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, cosmetics and electrical gadgets. In Nigeria, Sure Remit is helping make cash transfers cheaper and in Zimbabwe, TV subscriptions, university fees, and second-hand car imports.

Also read: US Dollar Losing Dominance As A Means For Settling Transactions In Africa

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