Africans have proceeded from mining gold and other mineral resources into mining cryptocurrencies.
As the most commonly used cryptocurrency, Bitcoin has slowly entered the African financial sector. All these are the start-ups helping Africa move money through Bitcoins.
Bitmari is among the most innovative bitcoin startups in Africa, incorporating the cryptocurrency into the lives of ordinary Africans, from the butcher to the farmer. Bitmari provides mobile wallets and remittance services by leveraging the bitcoin blockchain and making faster transactions at extremely low prices.
Founded in 2015, Bitmari is gradually spreading from Zimbabwe into other parts of Africa, which makes its bitcoin platform readily available to normal Africans, and liaising with banks to guarantee the provision of comprehensive services.
Users are not required to have a bank account to be a part of the Abra platform. They could send and receive cash from many African countries and around the globe.
Established in Kenya with offices in Uganda, Nigeria, Tanzania, Landon, Dakar, and Luxembourg, BitPesa is a comprehensive digital payment system which enables participants to send and receive money around the world. Using 60 banks around Africa and seven distinct mobile wallets, the platform allows users to engage in global bitcoin exchanges using local monies, undertake money transfers, and deal in Foreign Exchange.
Emanated from South Africa at 2014, GeoPay is an advanced blockchain-based remittance platform which has one aim: enable easy flow of remittances from the diaspora into Africa. There's no need for users to possess knowledge in bitcoins, it functions with many regional tellers in South Africa and beyond. Users can withdraw, send, and spend money through neighborhood GeoPay tellers.
Bitspark is a blockchain-based digital wallet that allows members to send and receive money throughout the world. Presently confined to a few nations, the stage is expanding slowly.
From Indonesia to Nigeria and by the Philippines to Ghana, Bitspark ensures low-cost, fast, and secure money transfer to and fro Africa. It works with many banks, Pawnshops, and designated pickup facilities to ensure global accessibility.
With an easy user interface, simple transaction processing, Remitano emanated from Seychelles as a portion of the Babylon Solutions Ltd and ensures fast transport, exchange, and commerce of bitcoins across Africa and beyond. It's services in several areas such as Australia, Nigeria, Ghana, Cambodia, the United States, China, Vietnam, and is on the rise to cover more parts of the world.
A digital money coming from Accra in Ghana, PayPlux allows fast, secure, and excellent cash transfer and exchanges throughout the globe. Integrated with numerous banks and mobile wallets, the platform enables the purchasing and selling of litecoin, bitcoin, PerfectMoney, and Ether.
Naira Exchange (NairaEX)
NairaEX is a bitcoin exchange system that lets users buy and sell bitcoins — ensuring secure, safe, and quick exchanges. Though processing time may last up to 4 hours, NairaEx is continually looking to creating improvements in this area and linking with local banks to deliver bitcoins closer to the doorsteps of average Nigerian citizens and around Africa.
Bitwala is a blockchain-based peer-to-peer digital money platform where bitcoin exchanges and trade are done securely. It allows smooth bank transfers, credit and debit card processing, a secure bitcoin wallet, and an easy API which enables third-party integration. The platform boasts of its existence in over 200 countries with more than 57 million users in 20 distinct currencies.
A London-based start-up that seeks to change how Africans spend, send, and swap bitcoins. You can consult with Kobocoin as the African bitcoin — it's similar features to bitcoin but built with the normal African in mind. Kobocoin allows for immediate, phone-to-phone, bankless, and low prices bitcoin trades across the African continent and a number of other areas of the world.