Home / Cryptocurrency / Constant ascendancy in small businesses that accept Bitcoin payments in Kenya

Constant ascendancy in small businesses that accept Bitcoin payments in Kenya

Constant ascendancy in small businesses that accept Bitcoin payments in Kenya

Emerging markets

The health services provider of Kenya Health Land Spa has started taking BTC and other cryptocurrencies as a means of payment in order to increase accountability and prevent losses. In all of East Africa, the acceptance of cryptocurrency is increasing, with at least two restaurants in Uganda and Kenya selling food for virtual currencies.

Read also: Wirex presents Iban for all European encrypted card accounts

"Safe and secure" currency

Tony Mwongera, founder of Health Land Spa, based in Nairobi, told Kenyan news site Bitcoinke to resort to BTC to reduce loss of income. "There was so much theft in my business, so I decided, because I do not use a technology that is safe and secure, and I decided to accept bitcoins [core] as a method of payment. "

<img class = "wp-image-258869 size-full” title=”Constant ascendancy in small businesses that accept Bitcoin for payment in Kenya” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/IMG-20181210-WA0022.jpg” alt=”Constant increase in small businesses Acceptance of Bitcoins for payment in Kenya "width =" 1080 "height =" 719 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/IMG-20181210 -WA0022 .jpg 1080w, https://news.bitcoin.com/wp-content/uploads/2018/12/IMG-20181210-WA0022-300×200.jpg 300w, https://news.bitcoin.com/wp-content / uploads /2018/12/IMG-20181210-WA0022-768×511.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/12/IMG-20181210-WA0022-1024×682.jpg 1024w, https : / /news.bitcoin.com/wp-content/uploads/2018/12/IMG-20181210-WA0022-696×463.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/12/ IMG- 20181210-WA0022-1068×711.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/12/IMG-20181210-WA0022-631×420.jpg 631w "sizes =" (maximum width: 1080px ) 100vw, 1080px”/>
Tony Mwongera

With the introduction of cryptocurrencies, Health Land Spa customers will now pay the bill for massages, pedicures and other health and beauty treatment services from their digital wallets. The company, which also accepts indent, is trying to add other cryptocurrencies in the coming months.

Mwongera is not the first Kenyan service provider to make a bitcoin move. Boxlight Electronics, a Kenyan company that distributes a wide range of electrical devices including televisions and home theaters, now accepts payments in bitcoin core and bitcoin money.

Robinson Murage, managing director of Boxlight Electronics, said earlier: "We have received tons of requests from our customers to pay using digital currencies.As a company whose 90 percent of customers are young, technology-savvy and predominantly online, we choose to be all inclusive and adapt to the needs of those who prefer this type of currency. "

Bitcoin for Roast Beef

In the rural town of Nyeri, Kenya, Betty Wambugu runs a catering business, Betty & # 39; s Place, selling roast beef in digital currency. "Bitcoin is a means of payment like any other and we accept it here at the restaurant the way we do it … in cash," said restaurant owner Wambugu.

<img class = "alignright wp-image-258884 size-medium” title=”Constant ascendancy in small businesses that accept Bitcoin for payment in Kenya” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/shutterstock_762653773-300×200.jpg” alt=”Constant ascent in small businesses Acceptance of Bitcoin for payment in Kenya "width =" 300 "height =" 200 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/shutterstock_762653773-300×200 .jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/12/shutterstock_762653773-768×512.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/12 / shutterstock_762653773 -696×464.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/12/shutterstock_762653773-630×420.jpg 630w, https://news.bitcoin.com/wp-content/uploads / 2018 /12/shutterstock_762653773.jpg 1000w "sizes =" (maximum width: 300px) 100vw, 300px”/>

"As the world is becoming more global, my place is also becoming a global restaurant, attracting different customers from different parts of the world, whatever their currency, and as long as it is a valid currency we accept," he added.

Wambugu's relationship with BTC began long before it accepted the digital currency. The business woman used her savings in cryptocurrency to buy a two-story building that she later turned into Betty & # 39; s Place, according to reports from the BBC. However, the bitcoin side of the business was not fast for Wambugu, with around 30,000 Kenyan shillings ($ 300) in sales of around 20 people, starting in October.

Unfazed, Wambugu recently started lecturing at his restaurant on Sunday to encourage the adoption of cryptocurrency. He said that the authorities are not able to accelerate the technology, but the Kenyan government has launched a task force to examine how the country can advance in blockchain and artificial intelligence.

The best cryptographic market in Africa

It's been several months since the Kenyan parliament has instructed the country's financial ministry to decide whether to regulate bitcoin and other cryptocurrencies. There was no official communication from the Kenyan government regarding its last position on the future of BTC.

<img class = "alignright wp-image-258908 size-medium” title=”Constant ascendancy in small businesses that accept Bitcoin for payment in Kenya” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/shutterstock_550971307-1-300×190.jpg” alt=”Constant growth in small businesses Acceptance of Bitcoins for payment in Kenya "width =" 300 "height =" 190 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/shutterstock_550971307-1 -300×190 .jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/12/shutterstock_550971307-1-768×485.jpg 768w, https://news.bitcoin.com/wp-content/uploads / 2018 /12/shutterstock_550971307-1-696×440.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/12/shutterstock_550971307-1-665×420.jpg 665w, https: //news.bitcoin .com /wp-content/uploads/2018/12/shutterstock_550971307-1.jpg 1000w "sizes =" (maximum width: 300px) 100vw, 300px”/>

However, the economy is considered one of the top 25 cryptocurrency markets in the world and the third in Africa after Nigeria and South Africa.

In neighboring Uganda, restaurant owner Jennifer Birungi also accepts BTC; It is not a difficult decision, since the Ugandan capital, Kampala, is home to bitcoin evangelical devotees like the teacher Richard M Bagorogo. "I'm living in Bitcoin because finding a job in this country is not easy," Bagorogo told the congregation that faithfully meets his "sermons".

What do you think of the acceptance of bitcoins in Africa? Let us know in the comments section below.


Images kindly granted by Shutterstock and Bitcoinke


Do you need to calculate your bitcoin holdings? Check our toolssection.

Source link