Mozilla Corporation among with a number of bog companies have invested in Nigeria-based crypto startup Wallets Africa. 9Yards Capital, Samurai Incubate, and Y Combinator CEO Micheal Seibel are among Wallets Africa’s investors.
Wallets Africa is focused on solving cross-border payment woes and so supports Bitcoin. The startup aims to build a platform so that users can seamlessly spend cryptocurrency just by converting their funds into fiat currency almost immediately without any fear.
According to the startup, Wallets users can transact with third parties and transfer funds to local bank accounts at a cheaper rate. The wallet allows users can send funds to Ghana and Kenya from Nigeria. The startup also allows users for local payments like buying of airtime, cable TV payments, and some other utilities.
Several crypto experts claim that Africa will play a major role in the adoption of bitcoin. Blockchaincenter.net interactive map shows that Bitcoin searches are most frequent in countries in Africa and South America.