Guest Post: Kenya Primed For Wide-Scale Bitcoin Adoption

As we witness bitcoin’s continued growth around the world, one locale stands out as particularly primed for widespread adoption: Kenya. Africa today has one of the fastest growing mobile phone markets in the world with 20% annual growth and 93% of Kenyan households owning mobile phones. What makes Kenya a particularly unique case for bitcoin is that it is also a world leader in mobile payment usage. In 2007, Safaricom, one of Kenya’s leading telecommunications companies, launched a mobile payment service called M-PESA. Today, two thirds of Kenyans use the service and more than 30% of Kenya’s GDP flows through …