OnyxPay, the mobile money infrastructure that will be powered by OnyxCoin, a Kenyan-based cryptocurrency, is set to launch on November 9th, 2018 at the prestigious Aspire Center, Westlands.
The event will include delegates from across the different countries where OnyxPay is set to be used which includes Uganda, Tanzania, Rwanda, Congo, Cameroon, Ghana, Zambia, and Nigeria.
Solving the Use Case for Cryptocurrencies
According to the founder and CEO of OnyxPay, Antony Saint Mzungu, the challenge with current cryptocurrencies is a lack of reliable use cases. Most of the use case today is largely through trading.
OnyxPay however intends to enable real use cases for cryptocurrencies, and specifically for OnyxCoin.
According to the Founder and CEO of OnyxPay, Antony Saint Mzungu:
“OnyxPay intends to address the problem of access. We intend to bring cryptocurrencies to the mainstream man, the man in the rural, who may find it a challenge in handling cryptocurrencies like Bitcoin and Ethereum by creating an application that can be able to deliver value without the cumbersomeness of cryptocurrency.”
OnyxPay is intended to be a new paradigm in payment and hopes to solve the challenge of eCommerce and compliment the existing payment services and gateways.