Despite
cryptocurrency markets experiencing a bear market since the start of the year,
African blockchain startups are focusing on implementing distributed
ledger technologies as they look to solve everyday challenges with this
innovative new technology.
In this short review, you will discover four high-profile blockchain startups
that are spearheading innovation in Africa.
BitPesa
BitPesa is
a blockchain startup that focuses on cross-border business-to-business and bitcoin exchange services. The company was founded in 2013
by Elizabeth Rossiello, with the aim of providing an alternative
payment system to consumers that would surpass legacy systems and reduce the
cost of money transfers. BitPesa incorporates blockchain technology to hasten
payments by utilising its peer-to-peer nature for transactions and relies
on bitcoin
(BTC) as a transactional currency.
Golix
Golix is
a Harare-based cryptocurrency exchange that was founded in 2014. Formerly known
as BitFinance, the local exchange aimed to offer digital
currencies as an alternative to alleviate the economic woes brought about by
Zimbabwe’s failing monetary system. In 2018, Golix set its sights on the
broader African market and announced a token sale.
Wala
Wala is
a blockchain startup that offers remittance services and payments using an
Android app. Launched in 2017, the company aims to offer financial services to
the un(der)banked through strategic partnerships with banks and financial
institutions and at low cost. The goal is that Wala users will be able to open
bank accounts, apply for credit, access remittance services,
purchase value-added services and transact with retailers and merchants.
CentBee
CentBee is
a cryptocurrency wallet provider and offers payment processing services for
merchants. The South Africa-based blockchain startup was founded by Lorien
Gamaroff and Angus Brown, and its vision is to allow users to make payments for
products using bitcoin cash (BCH) and settle payments in digital currency at
accepted retailers.
(excerpt from longer review on https://bitcoinafrica.io/2018/12/14/african-blockchain-startups/)
Picture by courtesy of FinMag https://finmag.ir/
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