Blockchain technology is hacking down the forest of fees that has made remittances such a lucrative business for banks and transferring agents.
“For years we’ve heard talk of how blockchain technology will revolutionise business, but now we are seeing the evidence,” says Sonya Kuhnel, director of Bitcoin Events. The Blockchain Africa Conference 2022, a virtual conference that take place on March 17-18, features some astonishing African blockchain entrepreneurs, such as Uche Elendu, founder and CEO of AppZone Switch, which is a blockchain-based platform designed to facilitate both local and intra-African payments in fiat and digital currencies such as stablecoins.
To help this trend along, the Pan African Payment Ecosystem was created as a private, permissioned blockchain network which includes a consortium of banks and fintech players.
BlockchainZA Lol they still owe me for work done in 2019 when that shit failed the first time. Wrote of those amounts typical SA bs