The media is abuzz with bitcoin stories, but the cryptocurrency’s number of transactions is essentially flat since its 2009 launch. Meanwhile, M-Pesa, the mobile money movement service that began in Kenya in 2007 and has since spread to other financially underserved countries, is seeing steady growth in number of transactions. The chart below from economist David Evans starkly depicts the different paths bitcoins and M-Pesa are taking. UPDATE: Here is the data Bob refers to in his comment below. Learn more about what’s next in banking at Bank Innovation 2014 on March 3-4 in Seattle. Request an invitation here.
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