This archive report was first published on 17 July 2020.
Bitzlato, a Hong Kong-based peer-to-peer cryptocurrency trading platform, has launched in Kenya, offering users a variety of fiat payment options to trade digital assets.
Launched in 2013, Bitzlato initially focused on developing mining equipment and operating data centers. However, it later ventured into online exchanges and created a Telegram-based P2P bitcoin exchange, dubbed @BTC_CHANGE_BOT, which gained popularity with over 1 million users and a daily turnover of $1.5 million in just two years.
After rebranding to Bitzlato in 2018, the platform expanded to offer a full-fledged cryptocurrency platform, combining Telegram-based P2P-exchange, merchant service, mining pool, and secure wallets.
Bitzlato's multicurrency crypto wallet allows users to store and exchange various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, DASH, Dogecoin, and stablecoins. The platform also enables users to send cryptocurrency to anyone, without registration, in the form of a check without commission.
Bitzlato's Kenyan Community Manager, Reginald Alango, stated that the platform maintains a multi-currency online crypto wallet and offers merchants a gateway for accepting payments in both cryptocurrency and fiat money.
