Belfrics in Africa
More significantly , BitHub Africa ’ s CEO was of the opinion the move will also drive adoption further in the East African nation . Kenya has come a tortuous way to get to where its adoption rate is at the moment .
In 2015 , the Central Bank of Kenya warned the Kenyan public to stay away from Bitcoin and other Cryptocurrencies since these are not a legal tender and some may be considered a scam . However , the Kenyan populace ignored the warning and kept developing the space .
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how they are going to compete with Bitpesa , Kenya ’ s first ever Bitcoin Exchange , he had this to say :
“ We have lined up competitive rates and commission which no one can beat . More importantly , you can buy any amount of Bitcoin you can afford .”
Belfrics in Africa
In his speech during the launching of the Bitcoin Exchange , Praveen Kumar , CEO of Belfrics Global revealed his company will be opening up Bitcoin Exchanges across Africa starting with Nigeria , Ghana and Botswana in a few months . He explained that the volumes that came out of the trial test in Kenya are convincing enough to prove that the African market is ripe .
Praveen praised the entrepreneurship spirit in Africa and said he is cocksure Belfrics will do well on the Continent . The CEO also announced they operate the top notch exchanges in all the countries they operate .
Belfrics which has its headquarters in Malaysia brings to three the number of countries with Bitcoin Exchanges . They currently operate in Singapore , India and Kenya .
When Core Media inquired from Justus Mutui Kimasyu , Director , Belfrics Kenya ,
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