Tando, a Kenyan mobile payments app, has launched a service allowing Bitcoin to be sent to any Kenyan phone number, converting it directly into Kenyan shillings (KES) and depositing it into the recipient's mobile money account, such as M-PESA. This innovation leverages the Lightning Network to facilitate fast and low-cost transactions without requiring recipients to have a crypto wallet or understand Bitcoin technology.
The service positions itself as a "payment disbursement service," bypassing the need for KYC verification and lowering entry barriers for users. Tando's integration with Kenya's extensive mobile money infrastructure, which reaches over 80% of adults, aims to make Bitcoin adoption seamless and practical in a market where direct Bitcoin usage has been limited. This approach differentiates Tando from competitors like Strike and Machankura by focusing on user experience and leveraging existing mobile money systems.
Tando Enables Bitcoin Transfers to Kenyan Phone Numbers via Mobile Money
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