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BitFury Group, the bitcoin mining giant and transaction processing company, announced today that it has made an investment in the Africa focused firm, BitPesa. The “strategic investment”, as BitFury refers to it, was made by its investment arm BitFury Capital for an undisclosed sum as of now.
The service enables sending payments to and from Kenya, Nigeria, Uganda, and Tanzania. BitPesa accepts bitcoin and exchanges it for local African currencies, which are then deposited into African bank accounts or mobile money wallets. It also sells bitcoin in Kenya, Nigeria, and Uganda.
“Our mission is to make global transacting easier, especially for those who continue to face obstacles ... (read more)