City shop that sees future in bitcoins

Boxlight Electronics Chief Executive (CEO) Robinson Murage (right) talking to journalists at his shop located along Luthuli Avenue, Nairobi last week. PHOTO | SALATON NJAU | NMG

What you need to know:

  • A recent report by Citibank analysts said that Kenyans have accumulated holdings of bitcoins estimated at more than Sh163 billion,
  • This could cause widespread disruption to the economy were the virtual currencies to collapse.
  • Electronics items outlet says fear aside, there is much to be made from dealing in virtual cash

Cryptocurrencies burst into the limelight when the prices of one bitcoin (BTC) reached a new all-time high of $19,783.06 (Sh1.97 million) spurring a massive worldwide interest in the blockchain-backed technologies.

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