Bit Sika, the cryptocurrency remittance application that allows users to send and spend money in Ghana and Nigeria, has reached a milestone of $1 million total transactions after barely four months of existence.

Atsu, the co-founder of the Bit Sika project, took to Twitter to announce the milestone. 

The application has primarily been available to users in Nigeria and Ghana, leading up to the $1 million milestone. Currently, an average transaction value on the Bit Sika platform sits at around $200. 

The Bit Sika app enables users to send money (fiat and crypto) from phone to phone. A significant feature of the app is that its fiat-to-fiat remittance is backed by cryptocurrency in the background.

The platform has evolved over the past year from a charity version that allowed users to receive donations from…

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