Bitcoin Blockchain infrastructure provider and transaction processing company, BitFury Group, via its investment arm BitFury Capital, has announced today that it has made an investment in the company BitPesa, the universal bitcoin payment and trading platform that aims to give the pan-African continent unfettered access to the benefits of the global economy.
Valery Vavilov, CEO of BitFury, commented: “Our mission is to make global transacting easier, especially for those who continue to face obstacles to financial growth. A secure, transparent and trusted form of exchange is being made possible by BitPesa, and our investment will allow us to work together to leverage the innovative power of the Bitcoin Blockchain for the benefit of the entire pan-African continent.”
BitPesa allows individuals and businesses all over the world to quickly and securely send payments to and from Kenya, Nigeria, Uganda, and Tanzania. The company accepts bitcoin and exchanges it for local African currencies, which are then deposited into African bank accounts or mobile money wallets. Alternatively, BitPesa also sells bitcoin in Kenya, Nigeria, and Uganda, for those users who do not have access to other bitcoin exchanges. BitPesa is licensed by the FCA as an Authorized Payment Institution.
Elizabeth Rossiello, CEO of BitPesa, remarked: “It has been great to have the support of the BitFury Group, who work extremely hard to build community among companies working with bitcoin, large and small. Valery and his team have a long history working in frontier markets and nothing is more important to our team than an understanding and support of the work we do.”