Archive · 9 Jun 2025

Bitcoin Introduced in Kibera Slum: Risks and Rewards

Bitcoin Introduced in Kibera Slum: Risks and Rewards

Imagine a place where many people don't have bank accounts.

Now, some folks are using Bitcoin, a digital money, to pay for things.

In a part of Kenya, a company gave Bitcoin to garbage collectors.

It's like getting paid in digital gold!

Some people like it because it's cheaper and faster than other ways to send money.

But, some experts worry because Bitcoin's value can change quickly, which could be risky.

Others are hopeful, viewing this as an opportunity to expand financial inclusion.

It's a new way of banking, but comes with both chances to gain more wealth and also some worries for the people there.

Sources