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Kenyan Startups Tackle Expensive Remittances Through Bitcoin

It’s been declared dead countless times in the West, but in Kenya's start-up scene Bitcoin is all the rage. Kenyan companies have been attracting funding lately to build cheap Bitcoin-based remittance services that some think could give Western Union a run for its money, though others say it’s still got a long way to go. In the Western world, to say that the crypto-currency Bitcoin has a publicity problem is to put it mildly. Bitcoin’s value dropped 43 percent in the first few...

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