AfriBit Africa

Bitcoin Brings Financial Inclusion to Soweto West in Kenya Through AfriBit Africa Initiative

AfriBit Africa introduces bitcoin to Soweto West in Kibera, Kenya's largest slum, enabling around 200 residents, including garbage collectors and local merchants, to use bitcoin for daily transactions via the Lightning Network. This initiative aims to provide unbanked individuals with faster, low-fee alternatives to traditional mobile money services like M-PESA, despite concerns from experts regarding bitcoin's volatility and regulatory challenges.