BitFury Group, a leading Bitcoin Blockchain infrastructure provider, has announced it has invested in BitPesa, a Pan-African Universal Payment and Bitcoin Trading Platform.
The investment, made through BitFury’s investment arm BitFury Capital, will allow both companies to work together to leverage the innovative power of the Bitcoin Blockchain for the benefit of the entire pan-African continent.
“Our mission is to make global transacting easier, especially for those who continue to face obstacles to financial growth,” said Valery Vavilov, CEO of BitFury.
BitPesa is a universal bitcoin payment and trading platform that seeks to give the pan-African continent unfettered access to the benefits of the global economy.
BitPesa allows individuals and businesses all over the world to quickly and securely send payments to and from Kenya, Nigeria, Uganda, and Tanzania.
The company accepts bitcoin and exchanges it for local African currencies, which are then deposited into African bank accounts or mobile money wallets.
BitPesa also sells bitcoin in Kenya, Nigeria, and Uganda, for those users who do not have access to other bitcoin exchanges.
“It has been great to have the support of the BitFury Group, who work extremely hard to build community among companies working with bitcoin, large and small,” said Elizabeth Rossiello, CEO of BitPesa.
She added, “Valery and his team have a long history working in frontier markets and nothing is more important to our team than an understanding and support of the work we do.”
Founded in 2011 by Valery Vavilov and Valery Nebesny, BitFury Group claims to be the largest private Bitcoin Blockchain infrastructure provider and transaction processing company in the world.
It has management offices in San Francisco, Washington, D.C., Hong Kong, Amsterdam and London, as well as data-centers in Iceland and the Republic of Georgia.