Zappay the solution for the unbanked around the world

Zappay is an innovative digital financial services provider that offers a new way to spend your digital assets. The Zappay coin is recently listed on the Probit exchange for trading. With this new service launch, Zappay anticipates and integrates thousands of initial users.

According to the report, on-chain cryptocurrency business in Africa has further consolidated into the region’s 10 largest services by volume, with the share of these services in the region’s overall business rising from 67% in October 2019 to 78% in 2020.

Most of the activity from Africa goes to Binance – the world’s largest cryptocurrency exchange by trading volume. It provides a platform to trade various cryptocurrencies.

With the Zappay infrastructure and suite of solutions for users, we make it easy to acquire, spend and trade crypto assets without any hassle. Recently, Zappay is preparing to launch its line of digital products for consumers in emerging markets with a reach of 38 countries.

Understand the world of cryptocurrency

Part of the challenge surrounding cryptocurrency adoption in Africa, besides the lack of reliable internet, especially beyond urban areas, is the variable level of financial literacy.

Most people are unaware of types of investing beyond the basics like real estate or stocks. Even those who hear of certain billionaires probably don’t know much about how they built their wealth beyond thinking it had something to do with money.

“The longer it takes for this information to reach the general public, especially the younger generation, the less likely they will be to yearn for it in the first place,” Ms Wanjiru says. “This means that decentralized finance and cryptocurrency could risk being extremely niche in the future.”

Zappay’s goal is to make cryptocurrency more mainstream, starting with breaking down concepts in its local language. Although we have seen efforts to translate teaching materials into Kiswahili, there are still hundreds of other languages ​​and dialects across the continent.

“More needs to be done to translate this into different local languages ​​so that the older population and those not in urban areas can access the information,” she says.

“At the same time, various platforms should allow people who are completely new to cryptocurrency to understand it better.

The need for regulation and trust

Given the ever-changing nature of the cryptocurrency world, one of the biggest risks is the lack of proper regulation in some African countries. It could put companies out of business overnight through no fault of their own, but regulation is exactly what the industry needs most.

This is where Zappay succeeds because it enables its users to use trusted regulated solutions that users can rely on.

Zappay’s platform and downloadable app, as well as the easy registration process to be part of the Zappay ecosystem community is straightforward and requires little digital finance expertise to participate.

Although the continent continues to develop its cryptocurrency economy. Zappay estimates that with a recent record of $8.0 billion received and $8.1 billion sent on-chain that year, the volume of economic activity is creating life-changing value for users in the region facing to economic instability, offering low-cost remittances and another way to save.

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