1) Social payments
Social payment platforms allow you to use your crypto to pay different bills and purchase airtime, among other things.
Blueloop’s Flux for airtime
Patricia for airtime and other bills.
2) Cash withdrawals and payments
These platforms help you easily convert your cryptocurrencies to cash either directly through a dedicated debit card or via transfer from your wallet to your bank:
First Kudi debit card
Patricia Bitcoin Debit Card
3) Virtual dollar cards
Blueloop’s Flux provides a virtual dollar card feature used to make purchases from foreign merchants; the combination of fiat and crypto on the flux platform makes this a seamless experience.
4) Remittances and cross-border payments
Seamlessly send money within Africa and globally. Some of these platforms leverage stable coins (fiat money represented on a blockchain):
The KBX Wallet, BTCGhana and Blueloop’s Flux.
You can send crypto directly with exchanges like Luno, Quidax, Busha, Bundle, BuyCoins, and Binance, to mention a few.
5) Stable coins and reducing fluctuation
Stable coins are crypto-based currencies whose value is tied to real-world currency.
BuyCoins: launched the NGNT, a stable coin version of the naira
KuBitX: created the NGNX, another naira-based stable coin.
Did we miss any? Let us know in the replies
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