A haiti can now be bought on the street for a fraction of its face value, thanks to a small team of bitcoin enthusiasts.
The digital currency, which has gained popularity in Africa due to the low cost of the coin and its use on social media, has also made its way to other countries including India.
While there are currently no local exchanges that accept bitcoin, many online exchanges and merchants accept the currency as a payment option.
However, the majority of traders use the coin in small transactions, using the exchange rate to buy the coin from one person to another.
A number of bitcoin exchanges in Kenya and Kenya-based Bitcoin Exchange, which launched in March, are now accepting the currency for their customers.
According to the company, the coins price is set by a system that uses the market price for the haiti as its reference point.
“When a customer signs up for a service they are asked to provide their bitcoin address as a proof of identity.
The haiti exchange then compares the exchange price with their bitcoin price, and in the case of Bitcoin Exchange Kenya, it has taken into account the value of the haita currency, so the exchange can convert the price,” the company said in a statement.”
We believe this is the first country in the world to do this,” it added.
The bitcoin exchange said that it has so far accepted a total of 7,000 haiti coins from people around the world, including the UK, Australia, Japan, Singapore, New Zealand, Malaysia and France.
The company said that the transaction fees charged are lower than those charged by traditional bitcoin exchanges, as well as lower than the average transaction fee of around US$2,000.
“Bitcoin is a payment method that has the potential to become a universal, low-cost, globally accessible and secure currency.
The digital currency will continue to expand, as will the amount of digital assets being traded and the amount being traded by the market,” it said.
Bitcoin has already gained popularity as a way to bypass foreign exchange controls and evade sanctions imposed on the country for its alleged involvement in the hacking of the Democratic Republic of Congo.
The country’s current president, Joseph Kabila, has repeatedly called on African leaders to recognise bitcoin and its potential to transform the continent, and the currency has been used in some forms by some of the most powerful leaders in the region.
But the currency is highly volatile and is currently trading at around US $10,000, a fraction above the face value of a haita coin.
Bitcoiners, however, are hopeful that bitcoin’s price will eventually rise, as its price has shown a steady increase since the start of the year.