How can I buy bitcoin in the UK?

  • The price of bitcoin has been surging in recent months.
  • Bitcoin is famously volatile – few can predict with any certainty where it will go from here and many believe we’re in the middle of a bubble – but one thing’s certain: if you’d invested five years ago you’d be doing very well for yourself now.
  • There are two main ways to get hold of bitcoin – buying an expensive supercomputer (with a whopping electricity bill to match), and using it to “mine” bitcoins, the process of solving the cryptographic codes that keep the entire network running.
  • Buying bitcoins used to be a complicated affair – long waits, massive fees and foreign websites.
  • Now there are a number of consumer-friendly websites for buying and selling not only bitcoin, but etherium and other cryptocurrencies.

The price of bitcoin has been surging in recent months.
Continue reading “How can I buy bitcoin in the UK?”

Could a digital currency bring Africa closer to China?

  • Now, a Kenyan start up is bringing Africa closer to its biggest investor, China, by letting companies on the continent send payments to the Asian nation which are traded in Bitcoin.
  • Using BitPesa’s website , users in Kenya, Uganda, Tanzania, Nigeria and the Democratic Republic of Congo can send money directly to bank accounts in China.
  • BitPesa takes care of the Bitcoin trading at the back-end, and for the user the experience is much like sending money by any other independent money transfer service.
  • International money transfers can be costly and often go via payment corridors that zigzag the globe before reaching their destination — an inefficient and archaic method, says Rossiello.
  • Payment companies that trade with Bitcoin tend to fall under the same regulations as conventional money transfer services, Travia explains.

Bitcoin start up BitPesa has launched a payment service which they hope will make it easier for African companies to do business with China.
Continue reading “Could a digital currency bring Africa closer to China?”

Could a digital currency bring Africa closer to China?

  • “Some companies are even giving cash to a middleman who physically gets on a plane.
  • The company has seen interest from large multinationals.
  • Considered the most well-known of a number of digital currencies, Bitcoin has seen increased interest in recent years in emerging markets such as East Africa.
  • Interest in the digital currency is growing in emerging markets
  • International money transfers can be costly and often go via payment corridors that zigzag the globe before reaching their destination — an inefficient and archaic method, says Rossiello.

Bitcoin start up BitPesa has launched a payment service which they hope will make it easier for African companies to do business with China.
Continue reading “Could a digital currency bring Africa closer to China?”

Could a digital currency bring Africa closer to China?

  • “Some companies are even giving cash to a middleman who physically gets on a plane.
  • The company has seen interest from large multinationals.
  • Considered the most well-known of a number of digital currencies, Bitcoin has seen increased interest in recent years in emerging markets such as East Africa.
  • Interest in the digital currency is growing in emerging markets
  • International money transfers can be costly and often go via payment corridors that zigzag the globe before reaching their destination — an inefficient and archaic method, says Rossiello.

Bitcoin start up BitPesa has launched a payment service which they hope will make it easier for African companies to do business with China.
Continue reading “Could a digital currency bring Africa closer to China?”

Could a digital currency bring Africa closer to China?

  • “Some companies are even giving cash to a middleman who physically gets on a plane.
  • The company has seen interest from large multinationals.
  • Considered the most well-known of a number of digital currencies, Bitcoin has seen increased interest in recent years in emerging markets such as East Africa.
  • Interest in the digital currency is growing in emerging markets
  • International money transfers can be costly and often go via payment corridors that zigzag the globe before reaching their destination — an inefficient and archaic method, says Rossiello.

Bitcoin start up BitPesa has launched a payment service which they hope will make it easier for African companies to do business with China.
Continue reading “Could a digital currency bring Africa closer to China?”

Could a digital currency bring Africa closer to China?

Could a digital currency bring Africa closer to China?

  • “Some companies are even giving cash to a middleman who physically gets on a plane.
  • The company has seen interest from large multinationals.
  • Considered the most well-known of a number of digital currencies, Bitcoin has seen increased interest in recent years in emerging markets such as East Africa.
  • Interest in the digital currency is growing in emerging markets
  • International money transfers can be costly and often go via payment corridors that zigzag the globe before reaching their destination — an inefficient and archaic method, says Rossiello.

Bitcoin start up BitPesa has launched a payment service which they hope will make it easier for African companies to do business with China.
Continue reading “Could a digital currency bring Africa closer to China?”

Could a digital currency bring Africa closer to China?

  • “Some companies are even giving cash to a middleman who physically gets on a plane.
  • The company has seen interest from large multinationals.
  • Considered the most well-known of a number of digital currencies, Bitcoin has seen increased interest in recent years in emerging markets such as East Africa.
  • Interest in the digital currency is growing in emerging markets
  • International money transfers can be costly and often go via payment corridors that zigzag the globe before reaching their destination — an inefficient and archaic method, says Rossiello.

Bitcoin start up BitPesa has launched a payment service which they hope will make it easier for African companies to do business with China.
Continue reading “Could a digital currency bring Africa closer to China?”