BITCOIN AND M-PESA ARE QUITE COMPLEMENTARY, MR HOLMES

In a recent article appearing on SecurityWeek.com, the author David Holmes discussed virtual currency around the world in all its current forms. The article also discussed M-PESA, an SMS based system through which mobile subscribers in Kenya and a growing number of countries can send virtual money through a mobile operator’s phone number.
Either by circumstance or happenstance, I have been privileged to watch M-PESA grow from its soft launch at the Safari Park Hotel, Nairobi in late 2006 to what it has become right now. Though this can at times sound clichd, M-PESA has revolutionized Africa, first in my native Kenya and then on to the rest of the continent. It gives me special pride that the product whose word pesa is Swahili for ‘money’ and derived from Portuguese peso has been able to continue the proud tradition of global circumnavigation since it first hit East African shores at the end of the 15th century.

This post was published at Crypto Coins News on December 24, 2014.