Freetown-based Bureh Becomes First Company In Sierra Leone To Accept Bitcoin

Bureh has integrated bitcoin into its checkout process, making it the first company in Sierra Leone and possibly West Africa to accept the crypto-currency. Bureh hopes this will be the first step to simplifying the currency exchange and risk process all companies face when working in low-income countries. Fatoma Momoh, Production Manager, announced, "one of the biggest challenges of doing business in Sierra Leone is exchange rates and bank fees. Our costs are in Leones and our revenue is in US dollars, Pounds, and Euros.

What Is A Bitcoin? Remittance And Africa

Some Facts The Digital Currency

  • Bitcoin is a form of digital currency, created and held electronically. No one controls it. It can be sent around the world instantly at a low cost.
  • Bitcoins aren't printed, like dollars or euros – they're produced by lots of people running computers all around the world, using software that solves mathematical problems.
  • Bitcoin has become a hot commodity among speculators.
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