The Future of International Remittance on BSV

Centbee CEO and founder Lorien Gamaroff gave an update about Centbee Remit, a new product that had delivered savings of up to 15% for African cryptocurrency users— a fact that is particularly relevant for residents in some of the world’s poorest economies.




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designed to make it easier for users in Africa and elsewhere to send and receive money, both domestically and overseas.
In an interview with CoinGeek, Gamaroff said the decision to build out the product from a base in South Africa made sense, given the country’s keen adoption of cryptocurrencies. In particular, he said a large part of the appeal comes from the low cost nature of payments delivered by Bitcoin SV (BSV), and the accessibility of cryptocurrency to both mainstream and unbanked users worldwide.
Centbee has already launched its over-the-counter crypto product, where users can walk in to virtually any major retail or franchise store in South Africa and buy crypto for cash, using a Centbee wallet.
Working with regulators, Gamaroff said the firm was continuing to explore new and innovative opportunities around payments and international remittance.
Announcing their new pilot service, Centbee Remit, Gamaroff said the early signs from users in South Africa had been positive. Through relying on peer-to-peer blockchain transactions, Centbee Remit is already d