The African continent is characteristically multilingual with different nations having their own unique language. Even within individual nations, there are cases of multiple major languages. Considering the population of people who are not well educated in English, French or any other lingual franca, many people are cut out when communication is restricted to such.
The goal of this partnership is to reach the wider community that has so far been exempted due to communication challenges, since most of the information reaching the region has been in lingual franca.
KuBitX is already popular for its Cryptocurrency exchange services, however, it has extended its services as a broader payments solutions platform through its new product, the KBX wallet. The KBX Payments Remittances & OTC Wallet (PROW) is a simple but elegant implementation of blockchain technology to provide solutions to unique problems in Africa and the globe.
The KBX Wallet was developed to allow quick and simple payments and remittances. Built on the Stellar blockchain, it ensures ultra fast economic exchange of value as well as allows users to also earn income passively on every spending they or their referrals make and enjoy discounts on bills whenever they pay the the KBX token.
Exploring an Untouched Population
As already mentioned above, this partnership arises from the need to explore the vast untouched population in the African market. Education plays a significant role in the advancement of new technologies and utilizing local contents presents a very effective way of achieving such goals.
The continent of Africa holds great promise in the world of digital assets; there are countless opportunities being explored and countless others that are yet to be tapped in creating solutions to the large set of challenges which the continent faces.
While there are globally acceptable educational or awareness spreading techniques, there are special ways of reaching out to unique audiences; this is exactly what the drive in this partnership represents.
The early stages of this partnership will see both organizations working together to create contents to educate and spread awareness of the digital asset revolution in both the Hausa and Pidgin local languages.
The Hausa and Pidgin speaking audience represent a vast combined segment of the local populace and it is expected that this initiative will ensure the effective education of a large portion of the total population.
The CEO of CryptoTVPlus, Tony Emeka says;
One of the challenges holding back the increasing awareness of digital assets and the underlying technology is proper and locally constructed educational programs that utilizes relatable languages and analogies to express the WHAT, WHY and HOW of the digital asset technology. I believe with the convergence of our two organizations, there will be a new wave and rise in awareness in the local industry.
Launched in 2018, “KuBitX is one of the most advanced and robust cryptocurrency trading platforms designed in a very user-friendly manner to enable people from all regions and backgrounds get a stronghold of the ideas revolving around the Blockchain and the Cryptocurrency space. Contained within the KuBitX ecosystem are the KuBitX trade engines, the secure KuBitX wallets and an advanced Admin dashboard for regulating the activities within the Trade Exchange.” It is currently utilizing the Stellar blockchain owing to its remittance, cross border payment and regulatory compliance needs.