Formed at the beginning of 2019, BitLipa released its beta version on Android last month. The platform uses Bitcoin and Ether as international conduits for value transfer, and will soon incorporate other coins, that allows wallet-holders to send money anywhere in the world. 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. Co-founder Apollo Eric told Disrupt Africa the startup had seen a surge in downloads from across the world since its launch, with 2,800 active daily users now using BitLipa. His ambitious goal is to have one million users on the platform by the end of August. BitLipa has been bootstrapped from the ground up, but has secured a partnership with Enigma Securities to provide it with Bitcoin liquidity.
SOURCE: DISRUPT AFRICA
More Stories
Wellness Destinations in Africa to Get away from it All
Will the Unmistakable Sound of Congolese Rumba Make it on the Heritage List?
Tanzania will Host the Inaugural East African Regional Tourism Expo
The Sanctuary Mandela’s Opening Deals Offer Public Up to 45% Off on All the Available Rooms
A Photo Series of Migrant Communities Who Make Up US Culture
The Dwell 24: The Urbanative
Evidence of Fur and Leather Clothing, Among World’s Oldest, Found in Moroccan Cave
No Waste Challenge Winner, Leafylife, Creates Diesel from Dirty Diapers
The Fugees Will be Playing Live Concerts in Ghana & Nigeria in December
Siba Mtongana Wants African Cuisine to Be a Staple Across the Globe
Benin, where Innovation and Recycling Meet
The Women trying to Revolutionise Agriculture in West Africa