Nebeus, a London based crypto-finance brand has started to render its services to many African countries. These countries will have full and unrestricted access to the variety of services offered by the Nebeus platform. Often referred to as “the crypto bank,” Nebeus features cryptocurrency related services such as buying and selling of digital currencies, easier access to crypto-collateral loans, payment and remittance services, secured trading and many more crypto-finance services.
Founded in 2014, Nebeus is a fintech start-up company that uses a peer to peer (P2P) platform for cryptocurrency finance services. Nebeus aims to build bridges between crypto and fiat finance. It also features an easily accessible bitcoin wallet while also offering cryptocurrency collateral loans for suitable users. Nebeus plans to meet the demands and solve the challenges encountered by the growing cryptocurrency landscape by providing cheap, adequate, secure and highly efficient services to their customers. The African countries to benefit from the Nebeus platform are Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, and Uganda. These countries are the ones where cryptocurrency related activities are thriving and have most cryptocurrency enthusiast in the continent.
Penetrating the African Market
According to a press release from the company, Nebeus will penetrate these new African markets by taking advantage of mobile money platform and local telecommunications. By utilizing mobile banking, many African countries have been able to leapfrog some developed economies by tapping into a previously inactive section of its populace. Several blockchain technology and fintech companies have been attracted to African countries because of the successful reality of digital and mobile money platforms. These financial trading and exchange platforms include Airtel mobile money in Uganda, MPESA in Kenya, Vodacom, Airtel and Tigo mobile money in Tanzania, MTN mobile money in Cameroon, MasterCard, Verve Card, online banking and MTN mobile money in Nigeria.
The Director of communications of Nebeus, Alex Lempka stated that:
“Cryptocurrencies have a potential to make a significant impact on developing countries in many ways by providing a bridge into the global economy. Nebeus is looking forward to playing a major role in that by providing the necessary infrastructure for all participants.”
A large population consisting of about 400 million people is expected to have access to these finance cryptocurrency services, this access will be managed by interconnected local payment partners. The company aims to become the primary provider crypto-finance services to investors and customers in the African economy. Additionally, Nebeus proposes to play a more significant role in serving the remittance market in the continent, where many billions of dollars are received yearly based on record.