Bit Sika, a Jack Dorsey-approved crypto remittance startup from Africa, has already hit $1 million in transactions after launching only four months ago.
Jack Dorsey’s African Crypto Vision
It is well-known that Twitter CEO, Jack Dorsey, firmly believes that cryptocurrencies have a major potential to change the economic situation in Africa. In late 2019 Bitcoinist reported, he even went on a tour through several African countries, talking to their entrepreneurs, and making plans to return for as long as six months in mid-2020.
Now, according to some reports, his belief that crypto could be tremendously helpful to African citizens seems to be entirely accurate. The reports in question concern a crypto remittance app known as Bit Sika.
The app is a startup that has only been around for about four months at this point, and it allows users to send and/or spend money in Nigeria and Ghana. However, the app made headlines due to major use, which allowed it to reach a milestone of $1 million in transactions within the past four months.