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Bitcoin Via BitPesa.co & Kipochi Takes On Africa (Say Goodbye To Western Union & MoneyGram): http://goo.gl/0Isb2h
Total Remittances To Africa Were Estimated At Around $60bn Last Year, So Bitcoin Could Gain A Real Boost If It Is Able To Tap Into Not Only The Market In Kenya, But The Continent As A Whole.
A Report Published By The World Bank Back In January, Titled "Send Money Africa" States That Sending Money To Kenya Costs “about 9.2% Of The Value Of The Transfer”. This Is Lower Than The 11.89% Average For Remitting Cash To African Countries, But Higher Than The Global Average Of 8.96%.
A Serious Contender
The Report Also Reveals That African Migrants Often Only Have Access To Banks In Order To Make Their Remittances. These Banks Can Charge As Much As 19.8% And Western Union And Moneygram International Both Charge Rates As High As 9.2% On International Transfers.
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Read » Bitcoin Via BitPesa.co & Kipochi Takes On Africa (Say Goodbye To Western Union & MoneyGram)
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