Connect with us

Company

Meet Bitsika: Africa’s cash app. Send and spend money, buy and sell crypto

Published

on

BitSika Africa's cash app

Cross-border remittance in Africa is becoming increasingly necessary, whilst experiencing a surge in the challenges associated with the process. According to reports, Africa has the highest remittance cost in the world, with the cost reaching as high as 9% for a $200 transaction, in contrast to the global average cost of about 7%. 

Bitsika has created a solution that eases cross-border remittance in Africa. The company has created a platform, which is available on Google play store and Apple store, that allows Africans to receive money instantly, from anyone, in any location, without paying any extra fee, or attracting just a negligible fee in some cases. 

The platform leverages the magic of blockchain to facilitate the movement of money around its users, thereby, making the platform extremely convenient and beneficial to use. An interesting thing about the platform is that the transactions are processed instantly.

If, for example, a trader in Ghana wants to send money to her brother who lives in Kenya, all she needs to do is to deposit the money, in Cedis, on the Bitsika app. After depositing the money, she can send it to her brother, within the app, who would receive the Kenyan Shilling equivalent of the money instantly. It’s as simple as that. No extra fees; no hassles.

Getting started with Bitsika

Getting started with BitSika is very easy. All you need to do is to download the app for Android or iOS. After downloading the app, the next step is to sign in with your Google account, and set your username and pin code. To verify your account, you will need to provide the information in the images below.

BitSika verification page

After registration, users can begin to explore the full functionalities of Bitsika. By just using the username of a recipient on the Bit Sika app, anyone can send as little as $0.01 to anyone, anywhere, at no cost, as long as the sender and the receiver are both registered Bit Sika users. However, if a user crosses a threshold of $300 within a month, a fee is attached to any other transaction that is initiated within that month. Users can send up to $300 every month without paying any fee.

Bitsika protects the value of deposited monies against the instability of currencies. Every money that is deposited is stored in USD credits/stable-coins. This means that for as long as the balance in your Bit Sika account remains unused, the USD value of your balance will remain the same. This guarantees you that your money will not experience a decline in its value once it has been deposited into your Bit Sika account, regardless of fluctuations in the value of the currency. 

Money can also be withdrawn from the Bitsika app to the bank accounts or other digital wallets of users, if a user chooses to do so. In addition, purchase of airtime and payment of goods and services can also be made via the Bit Sika app, although this is currently unavailable in Nigeria. This is made possible through the Bit Sika virtual card which can be generated on the Bit Sika app. The virtual card allows users to make online payments at any store, globally, that accepts a VISA card for payment. 

Bitsika’s payment solution is not limited to fiat money. It also provides a way to send and receive cryptocurrency across borders. Users have a free bitcoin wallet that allows them to receive bitcoin in-app. Users can also send the cryptocurrency in their wallet in another currency. 

Bitsika gives a wide coverage for payment remittance. Their solution is particularly appealing because of its ease of use and reduced charges. There’s so much that can be experienced from using the BitSika platform. A trial would answer your questions.

Comments

Decentralize Daily

From Crypto and Blockchain to AI, Fintech and Web 3.0 delivered twice in a week (Mondays and Fridays)

Kehinde is a driven human who is passionate about leveraging technology to transform the future of humanity and the way we all live. His interest lies in constantly getting valuable information and being part of a mission that seeks to create a transformative radical shift.

Continue Reading
Click to comment

Leave a comment:

Jelurida Africa

Jelurida Africa sets to Begin 30-day Blockchain Campaign Across East Africa

Published

on

Jelurida Africa, the regional arm of the blockchain organization behind Ardor, Ignis has announced the date it would host an East Africa Blockchain Expedition. According to a press release, the multi-country expedition, whose objective is to educate and promote blockchain technology among public and private sector in East Africa will start on October 23.

According to the press release, the expedition will start in Zanzibar, Tanzania before it continues to other East African countries such as Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, Zibabwe, and Tanzania. In order to promote blockchain education, the group will organze meetups in universites, financial institutions and public offices. The team plan too reach to local law makers and private firms and institutions as well as developers and blockchain enthusiast in each of the named countiries to be part of the expedition.

Some of the key learning point of the East Africa Tour, include: Learn & Use Blockchain, Get Blockchain Certification, Join our Community, Test Our Products, Launch Our New Platforms, and Winning of Amazing Gifts. 

According to Adedayo Adebajo, the managing director of Jelurida Africa, in an interview with KUTV Kenya, he emphasized the need for trust and immutability of data to scale and improve dealings with the neighboring countries.

“When it comes to deploying solutions on the blockchain, it become easy for anybody to trust you even without knowing you because they have your digital identity and they can verify your previous transactions without having to rely on total party participation.” Adebajo concluded. 

Introduction of an innovative way to foster Blockchain Education

To shift Blockchain education from its usual theoretical practices, Jelurida Africa hopes to include innovations in explaining Blockchain technology to the common person. Through the use of Ardor client and Ignis rich features, Jeluridawill deliver a solution-focused training that allows participants to get first-hand experience on the potential of blockchain technology. The mechanics of storytelling and personal experiences will be used to further drive home the meaning of Blockchain technology. This will make the topic relatable to participants of the expedition. 

Sustainable Communities in East Africa

Once the tour kicks off, new communities will be developed. These communities will be supported by Jelurida Africa to grow into full-fledged projects. Increase in blockchain start-ups, projects and enthusiasts will project East Africa as a major region for emerging technologies. This is what Jelurida Africa seeks to gain from the project. 

The Ardor blockchain network, which will be deployed by Jelurida Africa has been deployed in Vienna for an initiative by the Hot City which involves crowdsourcing waste and recycling it into an energy grid.

Comments
Continue Reading

Africa Blockchain Institute

Africa Blockchain Institute Organized The First African Blockchain Summer Bootcamp For Teenagers In Ghana

Published

on

In the spirit of catching them young, the Africa Blockchain Institute organized the first-ever Blockchain Summer Bootcamp for teenagers (age range 13 to 19 years old). A successful Bootcamp, according to the participants’ testimonials and stakeholders, held at the OpenLabs, Ring Road, Accra Ghana, between Monday 2nd August, and Friday 6th August 2021. 

The teenagers applied from across Africa, and selected participants all converged at the OpenLabs, Ghana, for an intensive five days of learning, interacting, and implementing personal  Blockchain projects. The participants were divided into three significant tracks, thus; Blockchain Development, Blockchain for Creatives and Blockchain Entrepreneurship. 

Blockchain Summer Bootcamp for Teens by ABI
Blockchain Summer Bootcamp for Teens by Africa Blockchain Institute

Across these three tracks, the teenagers learnt introductory units to Blockchain Development for societal challenges, Blockchain evangelism, Non-Fungible Tokens, and how Cryptocurrency works. Another highlight of the program was the excursion to the Accra Digital Centre, where the Boot Campers were introduced to the tech ecosystem and feel of the Ghana Tech Lab and Accra Innovation Hub spaces. A visit was also made to the Museum of Science and Technology, and the teenagers got to understand the history of technology in Ghana. 

Worthy of mention was the panel session aimed at motivating the students to pursue a career in technology. While making his comments during the panel session, the founder of BankLess Africa, Mr. Muntala Mohammed Shaibu, urged the teenagers to stop seeing themselves as too young to experiment with new technologies. In her remarks, Ms. Elohor Thomas, CEO & Co-Founder of CodeLn, urged the teenagers to continue to explore their interest in technology and blockchain early.

Blockchain Summer Bootcamp for Teens by ABI
Panel Session, Blockchain Summer Bootcamp for Teens by ABI

The Bootcamp ended with personal project presentations from the Blockchain Development and the Blockchain for Creatives & Entrepreneurship tracks. Projects such as NFT blogposts, Blockchain product reviews and Blockchain for transport and logistics were presented. The best presentation won the OpenLabs scholarship for Robotics Course. Thanks to Dr Sujith Jayaprakash, the Director of OpenLabs, Ghana, for the offer of scholarship. In his closing remark, the Executive Director of the Africa Blockchain Institute, Mr. Kayode Babarinde, urged the teenagers to continue using the  skills and knowledge gained during Bootcamp to explore Blockchain-related solutions further. We also appreciate Mr. Ganzaro Omar, Chairman, AfroBlocks, for his supports, and fostering collaborations with the Ghanian Blockchain community.

The Africa Blockchain Institute will continue to hold future Blockchain Summer Bootcamp series in various African cities to drive Blockchain knowledge into innovators early enough. 

Oluwaseun David ADEPOJU

Head of Research,

Africa Blockchain Institute. 

Comments

Decentralize Daily

From Crypto and Blockchain to AI, Fintech and Web 3.0 delivered twice in a week (Mondays and Fridays)

Continue Reading

Blockchain Technology

Jelurida Africa Launches Blockchain-backed Certificate Platform, Digicert

Published

on

As one of its action plans for accelerating blockchain adoption on the African continent, Jelurida Africa has launched a blockchain-backed certificate-issuing platform called MyDigiCert. The platform allows issuers to store certificates on the blockchain, and equally give requisite access to intended recipients of the certificate(s).

MyDigiCert equally provides an option for certificates to be verified on the blockchain through the use of a unique hash which would be allotted to each certificate that is duly issued by the platform. According to the Managing Director of Jelurida Africa, Adedayo Adedajo, MyDigiCert was primarily created in a bid to curb the widespread certificate fraud in African institutions and universities. With blockchain-backed certificates, the risk of forging would be little to none, as one of the most prominent features of blockchain technology is its immutability.

To upload or create blockchain-backed certificates through the platform, users can sign up with telephone numbers across several African countries, and subsequently verify issued certificates from anywhere in the world. Asides creating certificates, recipients of such certificates may equally apply to receive them, provided that such recipients possess the unique hash code which is allotted to each certificate at the point of issuance.

Due to the fact that MyDigiCert operates an immutable system for creating, issuing, receiving an verifying certificates, issues such as certificate loss, certificate fraud or unnecessary delays in certificate issuance which often embattle the African educational system can be adequately curbed. Similarly, the product’s payment plans are specially tailored according to individual needs. As such, every person would be able to find a reasonably affordable payment plan to suit his or her needs. Payments can be made through a debit card or bank transfer, all powered by Paystack. The product is offered as a subscription-based SaaS platform, and there are equally provisions for institutions that may be seeking to fully run to product through their own servers.

An in-house testing was conducted on MyDigiCert on the 6th of May, 2021. The official date for the launch of the product has been slated for June 13, 2021. In commemoration of the official launch, a blockchain workshop will be conducted for African universities.

MyDigiCert is one of the several products which Jelurida Africa is set to launch this year. In addition to its pipeline of prospective blockchain products, the company is set to launch the first Europe-Africa blockchain bootcamp for European and African developers and policy makers across both continents. For partnerships on any of Jelurida’s products or the upcoming blockchain program, you may send a mail to info@jelafrica.com

Jelurida Africa
Image Credit: Jelurida Africa / CoinPost

Comments
Continue Reading

TRENDING

%d bloggers like this: