Why Rwandans need to embrace new digital transaction business model

By Elias Hakizimana.

Michael Kiberu Nagenda, Chief Executive Officer of BIT2BIG registered in Uganda has called Rwandans to embrace new digital transaction business model that helps them understand the chance it brings to their daily life.

He was addressing Journalists in Kigali on March 27, 2019.

Kiberu said that people need to understand the chances cryptic currency technology brings to different businesses especially looking at the future of payment.

He said that the purpose of this technology is to raise awareness to bridge knowledge gap that remains a critical issue about technological currency transactions and block chain impact on businesses.

“Our first goal is really awareness, understanding of this technology with a lot of potential and when you feel the potential you also get the questions from the people to respond to their misunderstanding,”

The company is registered in Rwanda and is looking for partnership with the government and different shareholders to educate people about this technology.

He advises people not to fear digitalization as when the internet came no one could manage to embrace it at the beginning.

“My advice to people is not to ignore the technology especially those who are in Information Technology (IT), those who are in policy making, those who are in the businesses, they need to explore and understand the supply chain and bridge the technology gap,” he said.  

He said that Africans are still slow for certain adoptions when it comes to technology, where people are not yet looking at what is next in next twenty years   when dealing with their daily needs.

Kiberu embarked on Business to Business (B2B) Cards and Bitcoin transactions as well as the impact of using POS machines in digitalization of goods.

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Elias Hakizimana

Elias Hakizimana, CEO&Founder of The Inspirer Ltd,(www.rwandainspirer.com) is a professional Rwandan Journalist with Bachelor’s Degree in Journalism and Communication, received from University of Rwanda’s College of Arts and Social Sciences (CASS) in 2014. He served various media houses in Rwanda including Rwanda Broadcasting Agency (RBA) in 2013 and became passionate with English Online and Print Media Publications where he exercised his talent as a Freelance News Reporter for The New Times, The Independent, The Rwanda Focus, Panorama and more before he became a Self-Entrepreneur as the CEO and Founder of The Inspirer Limited in early 2017.

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