Funtrench specializes in the production of technology systems that are dependable, robust, secure and cutting edge. We greatly value the safety of online securities and we take all measures to ensure that your investments as a client are secure both physically and economically.
Our clients have so far expressed satisfaction with our products and our dependable after-sales service and client support facilities. With Funtrench as your business partner, you will truly never walk alone.
A cryptocurrency is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself. At present, all cryptocurrencies are alternative currencies, as no nation has adopted a cryptocurrency alternative to fiat money.
Cryptocurrency implementations often use a proof-of-work scheme to guard against digital counterfeiting. While over 30 different cryptocurrency specifications and protocols have been defined, most are similar to and derived from the first fully implemented cryptocurrency, Bitcoin.
A cryptocurrency is digital money, designed in such a way that it’s supply is controlled by complex software rather than a central bank. People can get cryptocurrency from an exchange, which works like a forex bureau and provides cryptocurrencies in exchange for fiat money (ordinary money like US dollars or Kenya shillings).
Banks charge transaction fees, M-PESA charges transaction fees. Bitcoin and the others do not charge a fee except in cases where very small amounts are being sent. And the fees are not a percentage of the amount but rather a very small constant fee that is equivalent to about 2 Kenya shillings. So using cryptocurrencies makes sending money very cheap, and secure.
How do I get cryptocurrency and how do I convert back to Kenya shillings?
To buy or sell cryptocurrency in Kenya contact Funtrench Limited. We are currently setting up an online exchange for cryptocurrencies and Kenya shillings. Our cryptocoin exchange will be hosted at funtrench.com and will be live in November 2013.