Dala Cryptocurrency & Wala App Makes Waves Within The First Month
CEO and Founder at Wala, Tricia Martinez recently shared that statistics of the Dala crypto adoption in South Africa, Uganda and Zimbabwe. Within the first 30 days since its launch, consumers have been using Dala as a payment method, and as a mean to send and receive money. Her numbers show astonishing growth, which suggests Africa to have accepted cryptos with open arms.
Here is a breakdown of the areas covered in Martinez’s post:
57K Dala Wallets
Since the first 30 days, it is believed that 57,000 Dala wallets have been created, making it one of the top downloaded applications on Uganda’s Google Play right after the most populated Facebook and WhatsApp.
Dala Cryptocurrency & Wala App Daily Active Users
As for the number of active users, Martinez shared that they’ve had “4,400 daily active users with the average daily time in the app at 4:25 minutes.” She also added that a total of 98,908 Dalas were traded in the peer-to-peer system.
To give an example of the types of users benefiting from Dala, as well as its real-life use, Martinez described Obert’s life, an Uber driver in Cape Town. In fact, he was her Uber driver, who openly shared the struggles of sending money to his mother who resides in Zimbabwe, let alone, ensuring that she has access to basic commodities.
Obert also shared the fact that he “sends a bag of cash with a bus driver who is crossing the border”, in the hopes that “his mother will meet the driver at the endpoint in Harare”. The fee charged by the driver is 7%, which is 3% short traditional services that exist. Despite the “discount”, stressing about whether or not the money gets to the final destination is what strikes his mind every time.
She concludes this example by promoting Obert’s use of the duo: Wala app and Dala crypto, which get the same work done at a “zero-fee rate and secure manner”.
Dala Cryptocurrency & Wala App Transactions
The number of transactions passed is an impressive 172,000, which implies that the community is taking to the Wala and Dala duo for purchasing the basics like “airtime, mobile data, electricity, DSTV, school fees, and more.” When considering the number of transactions per day, Martinez noted that users are making 6300 transactions, with an average market purchase of $0.27.
It is evident that bringing cryptocurrencies to Africa was a persuasive decision, as it is the only country thus far to have made appropriate use of crypto. While many US based consumers are still trying to understand how cryptos can be integrated within society, Africa has already surpassed all that – proving that the digit asset is efficient and accommodating.
To read the complete piece, go to: blog.getwala.com/dala-cryptocurrency-the-first-30-days-3bc3aedb2c56