Cryptocurrencies are providing financial services to people in Africa who do not have bank accounts or credit cards. Mobile phones are widely used in Africa, and unbanked people have increasingly turned to mobile money to enable P2P payments and services such as bill paying. Now a blockchain-powered P2P payment service called TNW is targeting that market, offering tokens that are exchangeable for prepaid airtime minutes, which is increasingly becoming an accepted form of currency among unbanked communities.
Cryptocurrencies are providing financial services to people in Africa who do not have bank accounts or credit cards. Mobile phones are widely used in Africa, and unbanked people have increasingly turned to mobile money to enable P2P payments and services such as bill paying. Now a blockchain-powered P2P payment service called BitMinutes is targeting that market, offering tokens that are exchangeable for prepaid airtime minutes, which is increasingly becoming an accepted form of currency among unbanked communities.