(WATCH) ‘Permissionless, borderless’ – How Bitcoin is boosting financial inclusion in Nairobi’s Kibera » Capital News

NAIROBI, Kenya, Apr 24 – A Nairobi-based cryptocurrency company is using Bitcoin to transform economic life in Kibera — Africa’s largest informal settlement — by empowering residents with financial tools previously out of reach.

Afribit, is promoting what it calls a “Bitcoin circular economy” in the heart of Kibera. Locals are using cryptocurrency to buy groceries, clothing, and everyday goods, simply by scanning QR codes.