BITCOIN POWERED BY DUSUPAY IN AFRICA
WHAT IS BITCOIN?
Bitcoin is an internet currency. It is a new currency that was created in 2009 by an unknown person. More merchants are beginning to accept them: You can buy webhosting services, do online shopping, pay a supplier across borders. Bitcoins are not tied to any country or subject to regulation. Some individuals prefer buying them and maintaining a digital wallet hoping that their value is going only one way and that is UP!!
HOW BITCOIN WORKS
Given an example of a startup company importing their raw materials from China, they can register via Bitcoin company’s website and request to make a transfer. The Bitcoin company then calculates the transaction fee based on the amount of money and currencies involved.
The fee is agreed and the user pays using mobile money or by bank transfer. It arrives just a few minutes later in the Chinese Bank Account. An ID is required as well as date of birth or any other personal data that the banks registered.
Bitcoin transactions have been seen to be transparent. They can neither be faked or forged. These transactions are cheap and fast with barely any middlemen. Considering the extent of Africa’s problems, there are clear uses for the technology behind Bitcoin besides the currency itself.
BITCOIN IN AFRICA
In Nigeria, Tanzania, DRC and South Africa can send money directly to bank accounts in china. Bitcoin is considered more of an opportunity than a threat. More African countries should consider how to seize these opportunities to reduce corruption and promote development.
DUSUPAY AND BITCOIN COMPANIES IN AFRICA
Dusupay provides a channel through which users can purchase bitcoins from Bitcoin companies. Therefore Bitcoin companies can sign up as Merchants on Dusupay, integrate the ‘Pay with Dusupay’ button to enable their clients purchase this currency for both immediate and future use on the internet. Users can easily access the currency using Dusupay.
Dusupay covers Uganda, Kenya, Rwanda, Cameroon, Tanzania, Nigeria, Ghana and continues to grow across Africa. Dusupay is here to facilitate the expansion of Bitcoin companies in all the countries it operates