https://www.taxtmi.com/news?id=46036 A Kenyan fintech nonprofit introduced bitcoin into a Nairobi slum via crypto-denominated grants and community agents, enabling merchant acceptance and peer transfers on the Lightning network without formal bank documentation to promote financial inclusion. The project offers lower perceived transaction costs and alternative custody options but creates concentrated household exposure to a volatile, unregulated asset. Local financial literacy training accompanies distribution, yet regulatory uncertainty and the absence of statutory consumer protections are identified as key constraints on scaling and as risks to vulnerable residents. en-us Mon, 09 Jun 2025 14:16:03 +0530 Mon, 09 Jun 2025 14:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=46036 A Kenyan fintech nonprofit introduced bitcoin into a Nairobi slum via crypto-denominated grants and community agents, enabling merchant acceptance and peer transfers on the Lightning network without formal bank documentation to promote financial inclusion. The project offers lower perceived transaction costs and alternative custody options but creates concentrated household exposure to a volatile, unregulated asset. Local financial literacy training accompanies distribution, yet regulatory uncertainty and the absence of statutory consumer protections are identified as key constraints on scaling and as risks to vulnerable residents. News - Mon, 09 Jun 2025 14:16:03 +0530 https://www.taxtmi.com/news?id=46036