Denis Opudo
Centbee is a South Africa based Bitcoin wallet provider. Angus Brown and Lorien Gamaroff founded the platform. Gamaroff specialized in cryptocurrency and blockchain technology. He is also a known worldwide as a presenter and an educator. On the other hand, Brown has vast experience in banking and payments for 20 years. He held a position as the CEO of eBucks. eBucks is a first bank in the world to accept the use of digital currency and it started in 2000.
The nChain Group bought equity shares in Centbee. nChain Group is the leading blockchain research and development company. Centbee helps consumers to buy, have and spend Bitcoin with retailers and merchants. nChain Reaction Ltd initiated the funding deal. Moreover, nChain Reaction Ltd is the investment entity of nChain Group. Centbee will make Bitcoin acceptance by users to be easier and secure. This is better compared to current bank payment systems.
Additionally, the firm will assist the consumers to transfer money cheaply and simply across borders. That will make it easier for immigrants to support families and friends. The firm has been working with South African regulators. The partnership is to educate, inform and address various regulatory risks. Apart from financial investments, nChain will help Centbee to become operational. It will also offer security to the wallet provider. This will expose Bitcoin Cash merchant payments to the outside world.
Centbee Bitcoin wallet and merchant payment solutions are the friendliest globally. It has features that reflect the vision of Bitcoin. The features are network presence, low fees, fast transaction and bigger blocks. The firm helps in Bitcoin acceptance in sub-Saharan Africa and the rest of the world. nChain Reaction financially supports products and applications that make the digital money. It places the Bitcoin Cash in the global market. This is through the usage of peer-to-peer electronic cash.
nChain Reaction in the past took part in a $1.5 million Series A funding round for Yours.org. That is the Bitcoin Cash-based social platform. The Centbee Wallet got in the Google Play stores and Apple in 2018. Four business units run the nChain Group. They include nCrypt and nChain Holdings Limited. There is also nChain Limited and nChain Reaction. nCrypt is a Bitcoin wallet and exchange found in Canada.
