SA bitcoin wallet provider attracts funding from global blockchain rock-hard, Fin24

Johannesburg – South African-based bitcoin wallet provider Centbee has attracted funding from global blockchain leader nChain.

The leading blockchain research and development hard has taken an equity stake te Centbee, which makes it effortless for a global consumers to acquire, hold and spend bitcoin with retailers and other merchants.

The funding overeenkomst wasgoed made through the nChain Group&rsquo,s investment entity, nChain Reaction.

Based ter South Africa, Centbee wasgoed founded by co-CEOs Lorien Gamaroff and Angus Brown.

Gamaroff is a leading accomplished ter blockchain technologies and cryptocurrencies.

He has consulted and advised regulators and large companies internationally and is very regarded globally spil an educator and presenter.

Brown has 20 years&rsquo, practice te payments and banking including te the role of CEO of eBucks.com, a world-first bank-backed digital currency created te 2000.

&ldquo,Centbee will be rolling out mechanisms for merchants to accept bitcoin payments more cheaply and securely than current bankgebouw payment systems without exposure to price volatility. Wij will work closely with merchants ter South Africa primarily to solve local problems,&rdquo, said Brown.

&ldquo,Ter addition, wij will help consumers stir money simply and cheaply across borders to support family and friends. Wij have bot working closely with regulators ter the region to educate, ensure good governance and to address any regulatory risk,&rdquo, he added.

Gamaroff said that ter addition to providing financial investment, nChain&rsquo,s research, intellectual property and deep technology expertise will enable Centbee to become a secure wallet provider which will open up bitcoin merchant payments to a global market.

nChain group CEO Jimmy Nguyen said that Centbee has one of the most user-friendly bitcoin wallets and merchant payment solutions.

&ldquo,It smartly embraces bitcoin specie because its fatter blocks, low fees and quick transaction network represent the true vision of bitcoin. Wij look forward to supporting Centbee spil it sparks greater merchant and consumer adoption of bitcoin contant ter sub-Saharan Africa and beyond,&rdquo, he said.

nChain Reaction financially backs products and applications that make bitcoin contant more globally useable spil peer-to-peer electronic metselspecie.

The Centbee overeenkomst represents nChain Reaction&rsquo,s 2nd bitcoin cash-enabling investment within the past month.

Spil announced te mid-January 2018, nChain Reaction previously participated ter a $1.5m Series A funding round for Yours.org, the bitcoin Cash-based social network.

The Centbee Wallet becomes available te the Apple and Google Play stores te early 2018.

Related movie: Three Ways To Grow Your Bitcoin Balance


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