Bitcoin revolution steadily shaping trade in Kibera

Most adopters say they prefer Bitcoin to mobile money services to avoid transaction charges.

Photo credit: Shutterstock

Some eight kilometres outside of the Nairobi city centre, Kenya’s largest slum, Kibera, buzzes with all manner of business activity in the corrugated iron stalls that line its roads, from fast food joints to general supply shops.

But unlike the glass storefronts in the upmarket Kilimani district it borders, tens of shops in Kibera’s Soweto West area are plastered with orange-and-white stickers that tell you ‘Bitcoin accepted here’. A quiet technology revolution is happening in the low-income settlement, home to over 180,000 people.

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