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DAIMLER MAY USE BITCOIN TO FINANCE AFRICA’S TRANSPORT DEMANDS

After buying up digital currency transfer company PayCash, Daimler has signaled it may use digital currency to build up its presence in Africa. DAIMLER: ‘CLEAR SIGNAL OF FURTHER AFRICAN GROWTH’ The continent is providing huge demand for transport networks, yet businesses are continually faced with financing problems, the vehicle giant  told  industry magazine Autconomy this week. “We are already present in over 30 marketplaces in Africa and are still expanding both our product range and our service operations network,” said a spokesperson. “This is a clear signal that we expect further growth in Africa.” The scale of under access to financing means in developing economies is staggering. Two billion individuals and 200 million companies lack suitable support, Autconomy says, giving a clear advantage to digital currency-based alternatives, which businesses can use to cut out hungry middlemen. When Daimler  quietly purchased  Luxemburg-based digital currency transfer ope