It costs less to send Bitcoins overseas than traditional money . Comment: The ODI added up all the transfers that happen in a year , and found remittance fees cost the African continent $ 1.8 billion a year . African services like Beam and BitPesa convert Bitcoin to local currencies . Established money transfer players pose a challenge to Bitcoin .
It costs less to send Bitcoins overseas than traditional money . Comment: African services like Beam and BitPesa convert Bitcoin to local currencies . Established money transfer players pose a challenge to Bitcoin .