SendCash is a brand new revolutionary product enabling Nigerians to simply ship and obtain bitcoins proper into their bank accounts immediately.
BuyCoins, a well-liked 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.
SEE ALSO: We Crossed the $17 Million Commerce in May 2020, By Far, the Greatest Month Ever, Says CEO, BuyCoins Africa, a P2P Nigerian Crypto Trade
In response to Teju Adeyinka, Product Supervisor, BuyCoins:
“Principally, we map a bank account to a Bitcoin pockets handle, and when anybody sends Bitcoin to that handle from wherever on this planet, we convert it to Naira and credit score the bank account inside a couple of minutes.
The receiver doesn’t have to work together with Bitcoin in any respect as they’ll get the Naira equal into their bank accounts robotically.”
You possibly can at the moment solely ship as much as $1,000 day by day to any Nigerian bank account utilizing Bitcoin through SendCash.
Nigerians have obtained 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 exchange fee from BuyCoins
- Get pockets handle – SendCash generates a singular pockets handle to any Nigerian account
- Ship cash – Switch bitcoin to allet and recipient receives in Naira
In response to BuyCoins, SendCash will assign a bank account to a bitcoin pockets handle and as soon as a sender’s transaction is confirmed, BuyCoins will unload the Bitcoin on its platform robotically utilizing the BuyCoins API and deposit the Naira by means of its fee associate, PayStack.
All this occurs in lower than 5 minutes.
The platform has seen a powerful uptake. To date, it has processed over $1 million from over 400 customers since its launch in April 2020.
BuyCoins hopes to broaden past Nigeria to different African countires sooner or later.
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