SendCash is a brand new revolutionary product enabling Nigerians to simply ship and obtain bitcoins proper into their financial institution accounts immediately.
BuyCoins, a preferred peer-to-peer platform in Nigeria, constructed the product out of a have to allow much less tech-savvy Nigerians ship and obtain cash through bitcoins from any nation overseas.
In line with Teju Adeyinka, Product Supervisor, BuyCoins:
“Mainly, we map a checking account to a Bitcoin pockets tackle, and when anybody sends Bitcoin to that tackle from anyplace on this planet, we convert it to Naira and credit score the checking account inside a couple of minutes.
The receiver doesn’t have to work together with Bitcoin in any respect as they may get the Naira equal into their financial institution accounts routinely.”
You possibly can presently solely ship as much as $1,000 each day to any Nigerian checking account utilizing Bitcoin through SendCash.
Nigerians have acquired half a billion Naira from everywhere in the world with @SendcashAfrica. 🚀
— Timi (@timigod) June 24, 2020
Transfers on the Bitcoin community are often delivered inside 5 minutes or much less.
To make use of SendCash:
- Calculate how a lot to ship – Use SendCash real-time change fee from BuyCoins
- Get pockets tackle – SendCash generates a singular pockets tackle to any Nigerian account
- Ship cash – Switch bitcoin to allet and recipient receives in Naira
In line with BuyCoins, SendCash will assign a checking account to a bitcoin pockets tackle and as soon as a sender’s transaction is confirmed, BuyCoins will unload the Bitcoin on its platform routinely utilizing the BuyCoins API and deposit the Naira via its fee accomplice, PayStack.
All this occurs in lower than 5 minutes.
The platform has seen a powerful uptake. To this point, it has processed over $1 million from over 400 customers since its launch in April 2020.
BuyCoins hopes to develop past Nigeria to different African countires sooner or later.
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