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AFRICAN DIGITAL CURRENCY ASSOCIATION Buy, Trade, and Store Bitcoin by John Karanja 
www.africandca.org 
Twitter: African_D...
What are Digital Currencies? 
Virtual: Backed by Fiat M-Pesa 
Tokens like Bonga Points 
Crypto Currencies like Bitcoin
What is Bitcoin? 
•The Internet of Money? 
•Global M-Pesa? 
•Peer to Peer (P2P) Digital and Crypto Currency. 
•Blockchain ...
HOLY TRINITY OF MONEY COMMODITY 
CURRENCY 
TECHNOLOGY
How do I get Bitcoins in Ke? 
•Mining. 
•Get paid in Bitcoin e.g. writing articles. 
•Buying from Exchanges like BitPesa. ...
What is Bitcoin Mining? 
•Primary Method of Securing Bitcoin Network. 
•Use of specialized computers to crack a hash algor...
Accepting Bitcoin!
Buying Bitcoin: Local Bitcoins 
Get charged about 8-12% 
Bitcoin Eco System
Buy @ BitPesa.Co 
•Via Paybill # 961700 & Account: 00553 
•We send you days FX Rate for KES/BTC 
•Charge only 3% vs 8% Oth...
Comparative Analysis: Remitting Money to Kenya 
Case Study: KENYA 
Time 
Need CC or Bank Account? 
Fees 
F/X Margin 
BitPe...
MPLICATIONS
References 
•Winklevoss Capital the Internet of Money 
•BitPesa.co African Bitcoin Exchange {Slides}
Contact Us 
•AfricanDCA.org 
•jkaranja@africanDCA.org 
•@KaranjaJohn 
•+254 725 274191
African Digital Currency Association Bitcoin meet up 1 12-2014
African Digital Currency Association Bitcoin meet up 1 12-2014
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African Digital Currency Association Bitcoin meet up 1 12-2014

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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.

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African Digital Currency Association Bitcoin meet up 1 12-2014

  1. 1. AFRICAN DIGITAL CURRENCY ASSOCIATION Buy, Trade, and Store Bitcoin by John Karanja www.africandca.org Twitter: African_DCA Sponsor: Whive.org | @Whive
  2. 2. What are Digital Currencies? Virtual: Backed by Fiat M-Pesa Tokens like Bonga Points Crypto Currencies like Bitcoin
  3. 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. 4. HOLY TRINITY OF MONEY COMMODITY CURRENCY TECHNOLOGY
  5. 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. 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. 7. Accepting Bitcoin!
  8. 8. Buying Bitcoin: Local Bitcoins Get charged about 8-12% 
  9. 9. Bitcoin Eco System
  10. 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. 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
  12. 12. MPLICATIONS
  13. 13. References •Winklevoss Capital the Internet of Money •BitPesa.co African Bitcoin Exchange {Slides}
  14. 14. Contact Us •AfricanDCA.org •jkaranja@africanDCA.org •@KaranjaJohn •+254 725 274191

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