The adoption of Bitcoin the worlds first digital currency is expanding across Africa rapidly. Industries such as Money Remmitance and the App economy will be affected greatly by innovations in this space. Learn more about Bitcoin Technology and how it will affect your life, business and, technology in the near future.

1. AFRICAN DIGITAL CURRENCY ASSOCIATION Buy, Trade, and Store Bitcoin by John Karanja
www.africandca.org
Twitter: African_DCA
Sponsor: Whive.org | @Whive

2. What are Digital Currencies?
Virtual: Backed by Fiat M-Pesa
Tokens like Bonga Points
Crypto Currencies like Bitcoin

3. What is Bitcoin?
•The Internet of Money?
•Global M-Pesa?
•Peer to Peer (P2P) Digital and Crypto Currency.
•Blockchain – Public Ledger of Transactions

4. HOLY TRINITY OF MONEY COMMODITY
CURRENCY
TECHNOLOGY

5. How do I get Bitcoins in Ke?
•Mining.
•Get paid in Bitcoin e.g. writing articles.
•Buying from Exchanges like BitPesa.
•Trading on platforms like BitX.
•Selling goods in Bitcoin ECommerce

6. What is Bitcoin Mining?
•Primary Method of Securing Bitcoin Network.
•Use of specialized computers to crack a hash algorithm built into the protocol.
•Miners get rewarded for each block mined.
•Rewards consist of transaction fees generated within the network.
•Involves costly “Work” that uses electricity!

7. Accepting Bitcoin!

8. Buying Bitcoin: Local Bitcoins
Get charged about 8-12% 

9. Bitcoin Eco System

10. Buy @ BitPesa.Co
•Via Paybill # 961700 & Account: 00553
•We send you days FX Rate for KES/BTC
•Charge only 3% vs 8% Other option
•More Info Contact john@bitpesa.co
•Fast: 1 day purchase
•Easy: 2 Steps Payment
•Cheap: only 3% charge on days F/X Rate

11. Comparative Analysis: Remitting Money to Kenya
Case Study: KENYA
Time
Need CC or Bank Account?
Fees
F/X Margin
BitPesa
Minutes
No
0%
<3%
Bank Wire
5-7 Days
Yes
$25-50 flat
4%
Credit Card Settlement
2-3 Days
Yes
2%
2%
PayPal
5-8 Days
Yes
4.5%
2.5%
Western Union (from UK)
Minutes
No
5%
1%
Western Union (from US)
Minutes
No
7%
3%
*Fees for USD 100 transfer to Kenya
BitPesa Kshs 0 transfer fee, 3% F/X Margin

13. MPLICATIONS

14. References
•Winklevoss Capital the Internet of Money
•BitPesa.co African Bitcoin Exchange {Slides}

15. Contact Us
•AfricanDCA.org
•jkaranja@africanDCA.org
•@KaranjaJohn
•+254 725 274191