• Advertise
  • Jobs
  • Freelance Gigs
  • Motoring
  • Money
Sunday, June 26, 2022
  • Login
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists
No Result
View All Result
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists
No Result
View All Result
TechMoran
No Result
View All Result
Home Blockchain

Kenyan startup BitLipa launches P2P borderless remittances network

Kenyan startup BitLipa has launched a peer-to-peer (P2P), borderless remittances network that will allow wallet-holders to send money anywhere in the world through international conduits for value transfer.

BitLipa is a cryptocurrency payment gateway for merchants around the world that provides a variety of options for businesses. The platform aims to create alternative payment options for customers and businesses around the world. Presenting ready-to-use solutions such as e-commerce plugins and payment processing APIs.

All users need to do is convert their fiat currency into crypto, and then send it to the recipient. The recipient can then either spend it in crypto or convert it back to fiat within the application.

According to the company’s Co-founder Apollo Eric. The startup had seen a surge in downloads from across the world since its launch in 2019. It boasts about 2,800 active daily users who are using BitLipa. His goal is to have one million users on the platform by the end of August 2020.

There are very limited cryptocurrency startups, in Kenya and across its borders which BitLipa wants to address. “The gap in the market reveals the lack of a practical use-case of blockchain technology that ordinary people could relate to,” he said.

“We thought if we could build a decentralised finance application that levels the ground for everyone. It will allow  ordinary people to send their money for free, both locally and across borders, then we will have killed two birds in one strike.”

BitLipa is built from the ground up. However, it has secured a partnership with high profile Securities to provide it with Bitcoin liquidity.  The platform allows customers to reach new markets instantly, reap benefits immediately without any hidden costs.

“We have built very good working relationships with local banks to provide us banking services and fiat liquidity as well,” Eric said.

 

Readers 7,328

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Val Lukhanyu

Val Lukhanyu

I love and write everything Tech.

Related Posts

Binance Signs Cristiano Ronaldo for Exclusive Partnership
Blockchain

Binance Signs Cristiano Ronaldo for Exclusive Partnership

by Milcah Lukhanyu
June 24, 2022
0

Binance , the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider has announced that it has kicked off an exclusive,...

Africa Blockchain Alliance announce a call for applications for the Decentralized Umoja Algorand Bounty Hack 3
Blockchain

Africa Blockchain Alliance announce a call for applications for the Decentralized Umoja Algorand Bounty Hack 3

by Milcah Lukhanyu
June 22, 2022
0

Algorand Foundation and Reach in partnership with Africa Blockchain Alliance announce a call for applications for the Decentralized Umoja Algorand Bounty Hack 3.  This is...

Bitcoin drops below $18,000 for the first time since 2020
cryptocurrencies

Bitcoin drops below $18,000 for the first time since 2020

by Val Lukhanyu
June 19, 2022
0

Bitcoin has dropped by 13 per cent to $17,769.25 in the past 24 hours, the lowest level since December 2020...

Tesla CEO Elon Musk is facing a $258B class action lawsuit over Dogecoin hype

Tesla CEO Elon Musk is facing a $258B class action lawsuit over Dogecoin hype

June 20, 2022
Coinbase lays off over 1000 employees to weather economic downtime

Coinbase lays off over 1000 employees to weather economic downtime

June 15, 2022

Blockchain Bitcoin Giving Benefits To Entertainment Sector

June 13, 2022
Please login to join discussion
  • Advertise
  • Jobs
  • Freelance Gigs
  • Motoring
  • Money

© 2022 TechMoran Ltd, All Rights Reserved.

No Result
View All Result
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists

© 2022 TechMoran Ltd, All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
%d bloggers like this: