Bitpesa, a bitcoin-based money remittance service that enables transfer of funds through mobile phones has launched in Uganda and Nigeria according to their website and Twitter handle.
JUST IN! BitPesa is now live in 4 countries including #Nigeria and #Uganda! https://t.co/EacxKjMMSx#MoveWithAfricapic.twitter.com/hPAHcxOkPS
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— BitPesa (@BitPesa) November 9, 2015
The two-year-old money transfer startup has been operational in Kenya and Tanzania and has raised $2.7 million to aid its expansion across the continent.
According to the company website, the network will work on MTN and Airtel Uganda mobile networks to trade Bitcoin. Bitpesa has predominantly relied on Africans in the diaspora that wish to send money to their home country for their customer base.
Bitpesa will have to compete with Ugandan-based remittance service Remit.ug, Worldremit, Afroremit, Westernunion, Money Gram, traditional banks among other money transfer service providers that support sending money to Uganda.
About David Okwii
David Okwii is the Editor-in-Chief of Dignited.com and a seasoned tech enthusiast whose journey began in the early 2000s. He started blogging while at university, diving deep into mobile apps, smartphone reviews, and operating systems—from testing Linux distros to tweaking Windows machines. David also explores Chromebooks, experiments with Raspberry Pi projects, and brings hands-on curiosity to every review. With vast experience in Uganda’s tech ecosystem and deep knowledge of Africa’s startup landscape, he offers informed, grounded perspectives on consumer technology. When he's not writing or tinkering, David enjoys connecting with nature and exploring the outdoors.
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