The Power of a Bitcoin Circular Economy: A New Dawn for Kibera

Introduction

In many underserved communities, financial exclusion limits opportunities for growth and independence. Traditional banking systems impose barriers such as ID requirements, credit checks, and high transaction fees, leaving millions unbanked. But what if there was a system that allowed anyone to transact, save, and grow without these restrictions?

Enter the Bitcoin Circular Economy—a financial model where people earn, spend, and save Bitcoin within their local community. At Afribit, we are building a self-sustaining ecosystem where merchants, consumers, and workers transact exclusively in Bitcoin, creating a network of financial empowerment.

By creating a circular economy, Afribit is ensuring that Bitcoin is not just a speculative asset, but a real-world financial tool that brings economic freedom to the unbanked.

– Ronald Mdawida

How It Works

Saving Bitcoin – Individuals store their Bitcoin as an inflation-resistant asset, ensuring long-term financial security..

Earning Bitcoin – Local businesses and workers receive payments in SATS (the smallest unit of Bitcoin).

Spending Bitcoin – Merchants accept Bitcoin for goods and services, reducing reliance on cash and unstable fiat currency.

Real Impact in Kibera

🚀 200+ merchants onboarded and accepting Bitcoin
📈 Over 5,000 transactions processed through Lightning Network
🔗 Partnerships with global Bitcoin organizations to drive financial inclusion