Bitcoin enables unbanked Kibera residents to earn and transact without documentation.
Over 200 locals now use Bitcoin, expanding beyond initial garbage collection groups.
AfriBit’s model offers lower-cost payments than M-PESA but faces volatility concerns.
In Soweto West, a neighborhood within Kenya’s sprawling Kibera slum, a new initiative is using Bitcoin to bring digital financial services to low-income residents who have long been excluded from the traditional banking system. The project, introduced by local fintech firm AfriBit Africa, is a powerful real-world example of how cryptocurrency can foster financial inclusion.
NEW: Australia’s ABC News reports on how Bitcoin adoption is bringing financial freedom and greater safety to Kibera, one of Africa’s largest slums in Kenya. pic.twitter.com/zO7V6kuXdt
— Bitcoin News (@BitcoinNewsCom) June 9, 2025
The operation began in early 2022 by partnering with local garbage collection groups, which are largely composed of young residents. After completing community clean-ups on Sundays, these workers are paid a few dollars’ worth of Bitcoin for their labor.
Related: Kenya’s Crypto Ban Nears End: Legal …
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