EasyShare, a crypto-based platform for sending and receving money across Africa, has officially launched in beta mode on the African continent.
EasyShare also allows users to perform micro-transactions and is looking to bring decentralized finance (DeFi) to the low and middle income countries where remittances account for 5% or more of GDP.
Speaking about the beta platform launch, Ben Onuoha, Co-Founder / Head of Partnerships & Community, EasyShare, said:
“Easyshare was born out of a lot of research. Bitcoin and Ethereum have definitely offered more people access to the global financial system — but African consumers have repeatedly told us that Bitcoin and Ethereum can still be way too expensive to use in many cases, and it is therefore, not necessarily the answer for the financial needs of all communities. More African Bitcoin and Ethereum users are increasingly using other cryptocurrencies which offer better value for money.”
– Co-Founder, EasyShare Africa
UPCOMING WEBINAR – JUNE 19, 2021
Currently, EasyShare Africa looks to support the following cryptos on launch:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT – ERC20)
- Binance Coin (BNB)
- Litecoin (LTC)
- Tether (USDT – TRC20)
- Tron (TRX)
The threshold for sending and receiving money using crypto on EasyShare.Africa is capped at a maximum of US$2,500 per transaction and a minimum of US$1.
Users can seamlessly send money to a mobile wallet or bank account using crypto in five easy steps.
The platform is also crowdsourcing to meet its expansion plans as it seeks to pioneering the world’s first decentralized network of verified peer-to-peer crypto-powered remittance agents.
Current crypto remittance systems and peer to peer platforms use centralized escrows to guarantee settlement. This centralized escrow model is oftentimes plagued with bad actors, as well as centralized judges and juries settling disputes.
EasyShare.Africa improves on this crypto peer-to-peer remittance model by adding a decentralized layer where verified remittance agents can stake SHARE Token – the native crypto of the Easyshare ecosystem – as collateral/insurance to guarantee the agents complete transactions.
To learn more, please visit https://token.easyshare.africa
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