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JUN 24, 2014 - ReadWriteWeb

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Forget Bitcoin: There’s A Better Model For Mobile Money

Bitcoin has all the buzz right now. But there's another financial innovation that could have a far more meaningful impact on the lives of billion of people without bank accounts across the world. In 2007, two years before the mysterious Satoshi Nakamoto wrote the original proposal for Bitcoin, Safaricom, a Kenyan telecommunications company effectively controlled by Vodafone, launched M-Pesa, a service that let anyone with an active cell-phone line send and receive money instantly. Coin Of The Unbanked Realm “Pesa” means money in Swahili, and M-Pesa, short for mobile money, has become ... Read More

Tags: Forget Bitcoin: There’s A Better Model For Mobile Money,  Bitcoin Latest News