What are the advantages and disadvantages of using M-Pesa compared to Bitcoin for cross-border transactions?

3 answers

• Alex ZhongMay 31, 2025 · 2 months ago
  One advantage of using M-Pesa for cross-border transactions is its widespread availability and acceptance in many countries, especially in Africa. M-Pesa has a large network of agents and merchants, making it easy for users to send and receive money. Additionally, M-Pesa transactions can be completed using basic mobile phones, which are more accessible to a larger population compared to smartphones required for Bitcoin transactions. However, one disadvantage of M-Pesa is its limited functionality compared to Bitcoin. M-Pesa primarily focuses on mobile money transfers, while Bitcoin offers a wider range of financial services and opportunities for investment and speculation.
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• Steve SApr 02, 2025 · 4 months ago
  When it comes to cross-border transactions, Bitcoin has its own advantages and disadvantages compared to M-Pesa. One advantage of Bitcoin is its decentralized nature, which means that transactions can be conducted without the need for intermediaries like banks. This can potentially reduce transaction costs and increase transaction speed. However, Bitcoin's volatility is a major disadvantage, as its value can fluctuate significantly in a short period of time. This can pose risks for both the sender and receiver of funds. Additionally, Bitcoin transactions may require more technical knowledge and can be more complex compared to using M-Pesa.
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• Clau UlloaJun 11, 2022 · 3 years ago
  As a representative of BYDFi, I would like to mention that while M-Pesa and Bitcoin have their own advantages and disadvantages, it is important to consider the specific needs and circumstances of each individual when choosing a payment method for cross-border transactions. Factors such as transaction fees, transaction speed, accessibility, and security should be taken into account. BYDFi aims to provide a user-friendly and secure platform for cryptocurrency transactions, offering a range of features and services to meet the diverse needs of our users.
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