- A South-African cryptocurrency firm, Centbee, has launched a Bitcoin Cash Wallet App in Beta.
- The co-chief executive of Cantbee, Lorien Gamaroff is confident that the app will facilitate the growth of BCH adoption.
- The launch of the app is a sign of adoption of cryptocurrency in Africa.
On 3rd October, Centbee, a leading South African cryptocurrency firm, has launched a bitcoin cash wallet app in beta which allows users to transact BCH with others via their smartphones in a single tap. The launch is a clear indication of the steady acceptance and adoption of cryptocurrency as a payment method in Africa, notably, South Africa and Kenya. Some business outlets in Kenya already accept bitcoin cash as a payment means.
Centbee Launches Bitcoin Cash Wallet App in Beta
Africa is keeping up in the race of digital currencies as a means of payment, with the latest development being the launch of a bitcoin cash wallet app in a beta state by South Africa’s cryptocurrency firm, Centbee.
The beta version of the bitcoin cash payment wallet allows users to transact BCH over their smartphones. Before the launch, the app was tested for its performance and compatibility by users employing test coins. According to reports, many critics have highly acclaimed the app for its seamless feature which allows users to send BCH by selecting individuals on their contact list directly.
During the launch, Angus Brown, Centbee co-chief executive was confident that the app being the first in South Africa will sprawl BCH growth to be the leading payment method in various business sectors.
He further affirmed that cryptocurrency being used as a payment method is extremely beneficial to users as it’s less costly compared to bank payment rates along with facilitating cross-border payments in multinational trade.
Cryptocurrencies on the Rise in Africa
Africa is steadily adopting crypto as a form of payment keeping pace with the rest of the globe.
It is a means of payment which is highly advantageous to the African continent enabling reliable, fast, and cheap transactions compared to outdated payments methods in Africa.
Reports from Coinline indicate that Bitcoin Cash has only been adopted as a means of payment in only two African countries – South Africa and Kenya, compared to the numerous countries in Europe and the United States.
The recent launch of bitcoin cash wallet app in South Africa along with a multi-currency crypto ATM sends a strong positive signal of the steady acceptance and adoption of cryptocurrencies – despite the limiting regulatory laws coupled with the dwindling cryptocurrency prices.
Kenya’s firm distributing a range of electronic gadgets, Boxlight Electronics, is the first organization to accept bitcoin core and bitcoin cash as a form of payment attributed to the numerous requests by its customers to implement virtual currencies in payments.