Interswitch, a Nigerian-based African fintech company operating in 16 countries across Africa, has partnered with KuBitX to help build Blockchain services for masses.
The two will be working on Interswitch’s Blockchain As A Service (BAAS) platform which was launched in partnership with Microsoft.
KuBitX, a Pan African blockchain solutions company with a digital assets marketplace where tokenised assets can be issued and exchanged and a payments and remittances solution (KuBitX PROW) that leverages blockchain technology to make instant international transfers of value at insane speed and extremely low cost.
With a new set of topnotch technical talents and financial backing, KuBitX aism to make sure that top African technology projects get due exposure to the globe via its 24/7 digital assets Exchange. The firm is also set to use its KuBitX PROW to empower young freelancers in Africa to help them export their creative services cross borders with easy payment options regardless of country.
The KuBitX PROW will ensure that travel and tourism within Africa will no longer be tedious and heavily reliant on cumbersome currency changes at black market rates. A user of the app will simply be able to fund his wallet from one country and technically spend the same in other countries where KuBitX have set up in conjunction with Interswitch.
KuBitX is on a quest to take blockchain to the grassroots, to solve important African socio-economic problems that can best be addressed using exponential technologies without the need for complexity. The company ethos is about education, adoption and inclusion and it has made the right steps so far in ensuring that its products are relatable to most of its target market.
Africa, with its teeming resourceful and internet savvy youth population, as well as an impressive mobile device penetration, is ready to create and enjoy the next set of useful technological innovations. This has already been demonstrated with the “invention” of mobile money over 17 years ago, almost two decades before the likes of Mastercard started to look into it.
KuBitX is a shining light in Africa and one to look out for as they continue to take innovative solutions to the grassroots (in emerging economies) using their combination of creativity, market exposure, technical know how and business experience from working with top multinationals across the globe.