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.