Where there is a problem, there is always a solution. Bitcoin is widely used in South Africa but despite the number of persons interested in investing or trading in bitcoin, there are very few retailers who accept cryptocurrencies at a point of sale (PoS). This lead to a South African startup, Centbee to create a secure Bitcoin Cash wallet for the global market. Centbee is trying to make it easier for retailers to accept Bitcoin Cash at a point of sale from their customers, this lead to a partnership with global blockchain leader nChain.
Centbee aims to quicken the adoption of a bitcoin merchant PoS software development kit (SDK) for the global market. Co-CEO of Centbee, Angus Brown explains, “Merchant acceptance of Bitcoin has been very limited to date.” The SDK is an open-source set of tools, processes, and interfaces that software developers and system integrators can use to enable retailers to easily and quickly accept Bitcoin Cash at the till-point.
Centbee has plans in place to roll out mechanisms for merchants to accept Bitcoin Cash payments later in the year. Also, nChain Group CEO Jimmy Nguyen says, “This SDK will make it easier for merchants, through their PoS systems, to join the world of Commerce. Centbee smartly embraces Bitcoin Cash because of its bigger blocks, low fees and fast transaction network represent the true vision of Bitcoin.”
Centbee is a South African based cryptocurrency startup founded in 2016 by Co-CEOs, Lorien Gamaroff, and Angus Brown. They are focused on making payment solutions easier between customers and merchants. This new partnership with nChain will see crypto to go mainstream and providing the real-world transactional capability.
What do you think about the payment solution Centbee is trying to provide? Share your opinion with us in the comments section below.
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