Chipper Cash Extends Peer-to-Peer Money Transfer Service to South Africa

Chipper Cash Extends Peer-to-Peer Money Transfer Service to South Africa

Chipper Cash, an African fintech start-up, has extended its peer-to-peer instant money service to South Africa. In addition to being able to use the remittance service, South African users will be able to buy, sell, and transfer cryptocurrencies like bitcoin, ethereum, and the USDC stablecoin. South Africa Ripe for Disruption and Innovation According to a report that quotes the start-up’s VP for strategy and partnerships in Africa, Pardon Mujakachi, Chipper Cash has made the foray into South Africa because it believes the country “is ripe for disruption and innovation in the....


Related News

Cashaa, Uber of Money Transfers, Revolutionizes Cash Remittances to Africa

Another disruptive technology powered by the Blockchain is set to completely eliminate the outrageously high cost of remittances to Africa. Coin Telegraph Spoke to Kumar Gaurav, Cashaa’s co-founder & CEO, about how the application can solve Africa’s exorbitant cash transfer transaction costs. On average it costs 10-12% to wire cash to Africa, where there is an estimated 80% of the population without access to banking. This is compounded by the lack of a transparent exchange rate. Needless to say many African households depend on remittances from the diaspora. In fact, in some countries....

Cashaa Remittance To Go Live Using Peer to Peer Transactions

New cash-to-cash remittance company, Cashaa, ends its three months testing period and claims to have a success as it plans to fully go live. According to co-Founder and CEO at Cashaa, Kumar Gaurav, the company started their trading platform BTC2BID to test and validate their model on April 3, after which a London office was established about two months later, while the development centre remains in Mumbai, India. Strictly peer to peer transactions. Gaurav tells Cointelegraph that Cashaa is a peer to peer cash remittance company, which involves a cryptocurrency traders network to receive....

We need to move a lot faster on Global South Bitcoin adoption — Paxful CEO

“The Global South is where we should be looking” for Bitcoin adoption, Paxful CEO Ray Youssef told Cointelegraph in an interview at the gym. Cointelegraph hit the gym with Ray Youssef, co-founder and CEO of Paxful, to tackle Bitcoin adoption in the Global South. In between sets and a little out of breath, Youssef told Cointelegraph, “The Global South is where we should be looking” for Bitcoin (BTC) adoption.A New Yorker born in Egypt, Youssef regularly visits Africa and the Global South to promote Bitcoin and peer-to-peer finance. He is determined to bring Bitcoin to those living and....

P2P Bitcoin Trade Volumes Surge in Kenya and Ghana but Nigeria Still Dominates

According to new data, peer-to-peer (P2P) bitcoin trade volumes in Kenya and Ghana surged in Q1 of 2021, with the two countries now ranked second and third respectively. On the other hand, volumes in South Africa, which occupied second place in 2020, dropped marginally. Consequently, South Africa has now been relegated to the fourth position the data shows. Contrasting Regulatory Regimes Meanwhile, one report has attributed the surge in Kenya and Ghana’s P2P volumes to the two countries’ tacit endorsement of cryptocurrencies. For instance, the report points to the Central Bank....

Barclays: ‘Blockchain Could Be the Most Significant Innovation to Impact Africa in 100 years’

Africa has been “late to the fintech party,” according to a report by African news service Quartz. However, peer-to-peer payment processors like M-Pesa and digital currencies such as Bitcoin are providing greater accessibility to banking services on the continent — a trend that legacy banks such as Barclays are starting to not only acknowledge, but also....