An Africa-based Bitcoin remittance startup said to be proudly supported by Twitter CEO, Jack Dorsey, has reached $1 million in transaction volume in just four months.
The crypto startup, Bit Sika, which started as a crypto donation platform before becoming a full-fledge payment infrastructure in Africa, recently expanded its remittance services to Mauritius, Mali, Ivory Coast, Senegal, Gabon and Cameroon
The founder of the startup, Atsu Davoh said: “Happy to say that @BitSikaAfrica has expanded to money transfer between Cameroon, Gabon, Senegal, Ivory Coast, Mali and Mauritius (alongside Ghana and Nigeria)”.
The payment app makes it easy for users in some particular countries in Africa to transfer funds across the continent seamlessly.
In just four months of launch, the remittance platform perfect one million dollars worth of transactions.
Earlier, Bit Sika had announced that in just two weeks of launch, the Africa-based cryptocurrency exchange processed more than $100,000 worth of transactions on the application.
At the time, the CEO of Bit Sika said the total amounts included deposits, withdrawals and transfers.
Africa is becoming the next point of crypto investment across the globe considering that there are quite a large number of people who have not been able to own a bank account or receive funds.
This is making the likes of Jack Dorsey to eye Africa as another area to focus on. In fact, the CEO of Twitter said he will relocate to Africa, making the continent, his next bus stop.
The Twitter and Square CEO Jack Dorsey attended a Bitcoin meetup in Ghana. The CEO has been defending Bitcoin, vowing to never join Facebook’s Libra initiative.
Jack, spoke in a gathering in Nigeria, telling those gathered that he came to the continent “to understand the challenges of starting a company here and figure out a way I can support.”
During his visit to Africa, Jack Dorsey thanked the CEO of Bit Sika for compiling a ‘Bitcoin Africa‘ list on Twitter where the world can get to meet those involved in cryptocurrency in the region.
— jack 🌍🌏🌎 (@jack) November 12, 2019
Bit Sika and some other crypto firms collaborated to build Africa’s first Stable-Coin ($ABCD), a stable digital currency version of the Nigerian Naira without volatility. The cryptocurrency token is issued by a trusted company, $ABCD Collective.