The latest partnership between Jumia and Berlin-based peer-to-peer lending website Bitbond sublimely shores up Bitcoin’s legitimacy in the country. A number of online traders accept Bitcoins for payment of their services or goods. For Jumia vendors, already Jumia has all their information. “The best thing for us, we are a tech company, we are fast,” said Chappatte, whose firm seems keen on recruiting more online traders than on breaking even. Vendors, says Jumia, can access the loan, hustle-free, at a rate of 12 per cent per annum.

Source: Standard Digital October 24, 2017 06:45 UTC