Kenyan bitcoin remittance startup, BitPesa has extended its operations to Tanzania.
BitPesa announced earlier today that it is moving South across the map to launch in Tanzania.
“You can now make a payment to any Tanzanian mobile money number instantly from anywhere in the world for just 3%!,” the company says.
BitPesa works with the ubiquitous mobile money platform, MPesa in Kenya as well as competing mobile money platforms and the Kenyan shillings. In the move to Tanzania, it’s very likely that the same model will hold true with integration with all mobile money provider in Tanzania.
The bitcoin service also announced new features on its payment application with a feature that allows a user calculate currency conversions using 7 different reference currencies and get status on all payments using via the app’s dashboard.
BitPesa recently raised $1.1 million in a funding round led by San Fransisco-based hedge fund, Pantera Capital.