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…