bitsoko bitcoin wallet for africa
TRANSCRIPT
Gibson Juma | CEO
Bitsoko
Emerging markets love mobile money
When mobile money first came into the scene in 2006, it was touted as a game changer due to it’s ability to allow users access to financial services over the mobile phone.
Sources: GSM Association, Simone di Castri and Lara Gidvani
Digital Money around the world..
Solution?
What is the problem?
Digital money is a nascent and rapidly growing industry. Despite this, there is no service that allows local users to safely store, manage and spend their digital money.
Mobile money brings great benefits however transaction fees still remain a problem being as high as 4-8% Bitsoko aims to bring fees as low as 0.5%
High Fees
No Alternative Solutions
Bitsoko extends mobile money benefits by reducing transaction fees by up to 4000x, transaction times as low as 30 seconds and minimum transaction amounts to as little as Ksh 5/= while at the same time providing better security and greater transparency.
By ensuring inter-currency-operability, bitsoko will help you manage your digital money. Whether bitcoins, altcoins or government issued digital money, bitsoko will conveniently replace your leather wallet.
Enable you transact amount as small as 5 Ksh and pay transaction fees as little as 10 cents
View statistics and spending history to help you keep track of and better manage your money.
Access even more financial and payment services directly from your mobile application.
Our solutions
INSTANT TRANSACTIONS
Bitsoko users will not need to wait whenever they make a purchase since merchant payments are instant.
Our advantages
EASILY SCALABLE
Users are able to transact in any country with mobile money or banking systems.
VERY SECURE
Bitsoko offers a secure way to transact since your money, however small cannot be stolen.
$ 12 BillionMarketValue
The marketMarket opportunity
Currently digital money is a 12 billion dollar market world wide.
In Kenya digital money remittances are expected to cross 690 million dollars by end of this year. Of this, over 0.6 million USD will be done exclusively through digital money.
Locally, digital money users have grown from about 120 since 2013 to over 800 at present.
Ksh 50 Million
Local market value
Over 800 users locally
Product overviewBitsoko is a suite of digital money management tools for users and merchants trading in digital money.
A mobile application for users to easilystore, manage and spendtheir digital money
A device agnostic application for merchants that provides POS terminal services for transactions done in digital currencies.
Bitsoko New age for mobile finance | Bitcoin wallet for Africa
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