Tando enables 40 million Kenyans to receive Bitcoin via phone numbers
Tando lets anyone send Bitcoin over Lightning to Kenyan phone numbers, with recipients receiving shillings via M-PESA. Here's how it works and why it matters.
➤ Tando has launched a service in Kenya allowing users to send Bitcoin via the Lightning Network, which is automatically converted to Kenyan Shillings and deposited into recipients' M-PESA mobile money accounts. ➤ This integration bypasses the need for recipients to have a crypto wallet or understand Bitcoin, leveraging Kenya's high mobile money penetration (over 80% adult adoption) for seamless adoption. ➤ The service is positioned as a payment disbursement tool, avoiding stringent crypto regulations and aiming for widespread adoption by making Bitcoin invisible to the end-user, similar to existing mobile money transactions.
