African rocketship BitPesa use blockchain to enable international payments, with Elizabeth Rossiello

This week we’ve got an excellent episode which looks at applying breakthrough technology, to frontier markets. You’ve probably heard of Bitcoin and blockchain, and here Elizabeth Rossiello CEO and founder of Bitpesa and I discuss how this technology can help African businesses grow through improving how they make international payments. Why? Well in mature markets there’s a lot of liquidity between different currencies, meaning if you wanted to trade between Euros to Dollars to Pounds, the fact there’s lots of people trading it means you can get a good price. However, when you are looking to trade African currencies, there’s not so much activity meaning companies are getting caught with high high prices to move money around the world, such as paying suppliers. Bitpesa has stepped in to provide financial remittance services for anyone wanting to buy or sell African currencies, with Bitcoin and digital currencies acting behind the scenes to smoothen the process. Just a heads up that this interview took place over an internet call which is different to the in person episodes done to date, and also that Elizabeth will be speaking at The Economist’s Innovation Summit in Nairobi, and so be sure to check that out if you’re interested in learning more. READ MORE AT:https://theeastafricabusinesspodcast.com/2018/02/08/bitpesa-blockchain-enabled-international-payments-with-elizabeth-rossiello/