Bitcoin is introduced into Africa's largest slum, with risks and rewards


After gathering on a Sunday to collect trash, garbage collectors are paid in bitcoin. — AP

KIBERA: Dotting the roadside in what is widely considered Africa’s largest urban slum are typical stands selling vegetables. What isn't typical is their acceptance of bitcoin as a form of payment.

Around 200 people use bitcoin in Soweto West, a neighborhood of the Kibera slum in Kenya's capital. It's part of an initiative to extend financial services to one of the country's poorest and most under-banked areas.

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