A four months old African crypto remittance startup hits $1 million in volume.

Share This Post

Twitter CEO Jack Dorsey approved crypto remittance startup, Bit Sika, reached a new milestone. The startup hit $1 million in transactions just in four months of its launch. Crypto space in Africa has huge potential, as Jack Dorsey remarked after his visit to the continent. An increase in crypto and blockchain startups will open doors for more jobs and opportunities for local citizens and provide easy cross border payments.


Bit Sika originally started out as a charity app.

The crypto startup was originally started out as a charity app that would allow people to send donations from anywhere in the world. The founder of the app Atsu Davoh aimed to provide those donations to African citizens who needed them and keeping the entire process transparent, cheap, and straightforward.


Developers are planning to expand Bit Sika into other African countries.

Atsu Davoh and his team are planning to expand Bit Sika into other African countries. They aim to make the app a part of everyday use for African citizens. Even though Jack Dorsey did not invest financially in the project, but he has been a vocal supporter of the Nigerian startup. The company received the first non-Nigerian investment from Microtransaction. The investors believe that Bit Sika made cross-border payments negligible in cost, while also making them auditable and instant.

The use of cryptocurrencies in African countries has been increasing at quite a speed as it solves many problems, including the high-cost cross-border payments. Long-time bitcoin advocate, Twitter CEO Jack Dorsey, is planning to invest in crypto projects in African countries this year.

+ posts

Arun is a writer by day and a reader by night. He is on a mission to stamp out gobbledygook and to highlight the insider stories about startups and entrepreneurs around the country.

Related Posts

Regulation and GST on Cryptocurrency in India – An optimistic approach?

“Satoshi Nakamoto” is a name that stormed the internet....

Amid Mass Layoffs, Is the fall of the Indian ed-tech industry inevitable?

The mass layoff by India’s top unicorn Byju’s was...

NFT Domains, what the heck are they? An introduction to Quik.com & ENS Domains

Before getting to the main question of what exactly...

Coworking, Explained.

TimesNext Recommended: BiggBang Coworking, the Best Coworking Space in...

GOI Forms Committees to Scrutinize Crypto Ads, Fake Reviews, and Ed-tech Firms

The government intends to tighten the noose to safeguard...

Global Bitcoin Use Will Reach 10% By 2030, Says Blockware

Bitcoin acceptance could be faster than that of previous disruptive...