FinTech Centbee is making it easier for U.K. residents to send digital cash to people in West Africa through the blockchain with a new service, announced Thursday (May 26) at the Global Blockchain Convention in Dubai.
Centbee’s new service will allow U.K. users to send money to West Africa, including Nigeria, Ghana, Senegal, Ivory Coast, Mali, Niger and Benin, Co-CEO Lorien Gamaroff said at the convention, according to a company press release.
The new feature lets customers send digital cash to a recipient’s MTN, Vodafone, Tigo or Airtel mobile money wallet or their bank account, a press release said.
“Immigrants living in the U.K. can now send money home to their loved one’s mobile money wallets or bank accounts using their Centbee wallets,” said Gamaroff in the company press release. “By using the BSV blockchain to enable cross-border payments, we’re able to significantly reduce the costs of sending money, making it more affordable — under $2.50 per send — for people to send money...
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