Tuesday, September 17, 2019

Kenyan Health Spa Now Accepts Bitcoin

In Nairobi, Kenya, a Health Spa where people receive massage and pedicure is now accepting Bitcoin. These services are rendered in Health Land Spa, a service provider in the region. According to its founder, Tony Mwongera, they are accepting cryptocurrency because transactions made are secure and can be accounted for.

Health Spa Faces Losses Due to Theft

The Manager recounted that the Center had faced losses in the past due to theft. There was no efficient way of managing its financial assets. It was also difficult to detect when data was manipulated. Therefore, he has resorted to the decentralized nature of cryptocurrencies which cannot be centrally controlled.

In his own words,

There was so much theft in my business. So I decided, why don’t I use a technology which is safe and secure, and I decided to accept bitcoin [core] as a mode of payment.

Blockchain Technology to Aid in Traceability and Accountability

Accordingly, all transactions made will be traceable and accounted for on the Blockchain. The centre is also relying on the secured platform these digital assets will be stored, to ensure that the funds are not easily tampered with. Asides Bitcoin, they are also accepting the Dash cryptocurrency.

It can be recalled that last week, the developers on Dash partnered with KFC to allow its restaurants in Venezuela to accept the cryptocurrency. These restaurants will be receiving the virtual currency from this week. The Dash has been noted to allow transactions to be carried out easily. As a result, several stores in the country are accepting it as a method of payment.

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More Businesses in Kenya Accept Cryptocurrency

Some business owners in Kenya are also accepting the digital asset. Boxlight Electronics, a Kenyan company, accepts Bitcoin core and Bitcoin cash. This is an electrical store that distributes home gadgets such as television sets and home theatres. Robinson Murage, the company’s CEO revealed that on a regular basis, lots of requests are made by its customers to pay using cryptocurrencies.

Based on reports, a business owner who sells beef in Kenya’s rural town of Nyeri also allows payment to be made with Bitcoin. Betty Wambugu, the manager, revealed that Bitcoin could be considered as a means of payment just like fiat money. Therefore, her restaurant is accepting it as an alternative to cash.

Bitcoin and other cryptocurrencies are gradually gaining acceptance in different continents, and Africa has not been left out. In November this year, a Zimbabwean owned online store began accepting Bitcoin as a method of payment. This is a store that offers food items such as Oil, Rice, Wheat etc. for sale.

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