The knowledge and increased usage in bitcoin and block chain technology on the African continent can only lead to the creation of more businesses surrounding this key cryptocurrency which has properties of technology, commodity and currency. It is therefore little surprise that Africans on the continent and in the diaspora are building startups around bitcoin that will solve the many challenges ...
One of the industries that bitcoin is set to disrupt and possibly wipe out is the global remittance and International Money Transfer (IMT) industry. Bitcoin allows users to send cash cheaply and securely via simple technological tools such as text messages and email. The remittance sector is one of the most profitable sectors when it comes to the financial services industry. It is dominated by...
There are many kinds of wallets that can be used to store bitcoins. The common ones are paper wallets and web based wallets. They are all very different and have their own fall backs but one common thing with both of them is that the user has no freedom of storing their own key. This exposes the user’s accounts to risks and the chances of getting hacked increases. However due to the fact that bi...