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Spirethoughts

Spire's six most recent Spirethoughts.

Will cost-effective compost rejuvenate African agriculture
Will compost turn out to be the magic mineral for African agriculture?
Will emerging countries dominate the pool of global megacities in futu...
Thumbnail_Will the tech sector create new employment opportunities for persons with disabilities
Will the tech sector create new employment opportunities for persons w...
Thumbnail_Spirethoughts_Can permanent research bases for human beings be built on the moon
Will 3D printing enable the construction of permanent facilities on th...
Will Africa become the latest global aviation hot-spot
Will Africa become the latest global aviation hot-spot?
Will air taxis become the latest urban transport innovation_
Will air taxis become the latest urban transport innovation?

Bitcoin builds momentum in emerging markets

The new kid on the block for digital currency – Bitcoin – is being widely used for electronic transactions across emerging markets. The rate of adoption is so fast that the number of merchants accepting bitcoin is growing close to 10% a day worldwide.

For emerging markets such as Kenya, Bitcoin comes as a blessing, since PayPal is absent and Bitcoin charges only a nominal fee for money transfers (one per cent or less of the amount being transferred).

Industry players from emerging markets also stand to benefit from the Bitcoin ecosystem expansion. For instance, Bitcoin China (BTC) – one of the world’s largest digital exchanges – raised USD5 million through funding from venture capitalists in November 2013.

Will Bitcoin become the alternate currency for consumers worldwide?


For media enquiries, please contact:

Nidhi Singh
Assistant Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (91) 124 646 5499
E-mail: nidhi.singh@spireresearch.com

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