African Businesses Face Pricing Challenges with Bitcoin Transactions
African businesses that accept Bitcoin from overseas customers face a challenge when it comes to pricing. The transaction may involve multiple currencies, and the company needs to record the correct price at the time of the invoice.
The problem arises because the value of Bitcoin can fluctuate rapidly, making it difficult for companies to keep up with changing exchange rates. According to Chainalysis, Sub-Saharan Africa's crypto activity reached $205 billion in on-chain value between July 2024 and June 2025, a 52% increase from the previous year.
To illustrate this issue, consider a Kenyan design agency billing an overseas client $1,000 using the research price of $78,275.48 per Bitcoin. The invoice would request about 0.01277539 BTC before any network charges. However, when the transfer arrives, its transaction identifier and confirmation time complete the trail.
A company needs to record the correct price attached to the transaction at the time it was made, along with the time it applied. This is different from the live figures displayed on platforms like Binance, which can change frequently.