Bitcoin
$3,667.08 0.81%
BTC · 12w

Kenyan crypto-currency pioneer: 'I make my money from Bitcoin and tasty roast meat'

The towering vista of Mount Kenya provides an unlikely backdrop to a tech-savvy Kenyan restaurant that has embraced crypto-currencies as a form of payment.

Betty's Place specialises in "nyama choma", a lip-smacking goat meat barbeque that is a firm favourite amongst Kenyans.

Located in the rural town of Nyeri, about 150km (90 miles) outside the capital, Nairobi, it is one of the few businesses in the country that allows customers to pay with not one but two crypto-currencies - Bitcoin and Dash.

"Since the world is becoming more global, my place is also becoming a global restaurant," says Beatrice Wambugu, the owner of the restaurant.

"I attract different customers from different parts of the world, whichever coin they have. As long as it's a viable coin we accept it."

Ms Wambugu started trading in Bitcoin two years ago and and within a year she made enough money to buy the two-storey Nyeri hotel, which she converted to Betty's Place.

Located on Nyeri town's busy main road, the restaurant is unmistakable with its bright mustard-coloured walls and big glass windows providing a welcome invitation to hungry patrons, who are greeted by a pleasant aroma of meat on the grill and the sounds of local music.

Bitcoin lessons

Betty's Place is not only a place for tasty Kenyan cuisine, but it has become something of a local attraction for people wanting to know more about Bitcoin.

When it comes to embracing new technology, Ms Wambugu describes herself as "a crypto-currency pioneer".

Behind the jargon What is Bitcoin? It is a crypto-currency that has no notes or coins. It is digital and largely exists online and is not issued by governments or traditional banks What is blockchain? It is the technology that underpins Bitcoin - a method of recording data, a digital ledger of transactions, agreements and contract. Distrib...
Continue on bbc.com
Recent news
BTC +0.81% · twitter.com · 4h

Ledger Nano S new upgrades available

The Ledger Nano S firmware 1.5.5 update is now available and contains new algorithms and security updates. We recommend Nano S users to update to it.Read more here: https://t.co/xda1MgLskdThese 3rd pa...
BTC +0.81% · twitter.com · 6h

Breez on Beta testing

Your #bitcoins should be are under your control. Always. Want to try the simplest, non-custodial #LightningNetwork client? Join our beta: https://t.co/GyPb6osqjr— Breez (@Breez_Tech) January 17, 2019
BTC +0.81% · twitter.com · 7h

There are 152 fiat currencies that have failed due to Hyperinflation. Their average lifespan was 24.6 years and the median lifespan is 7 years. 82 of these currencies lasted less than a decade and 15 of them lasted less than 1 year. <- this is why bitcoin was created!

There are 152 fiat currencies that have failed due to Hyperinflation. Their average lifespan was 24.6 years and the median lifespan is 7 years. 82 of these currencies lasted less than a decade and 15 ...