South African FinTech company Centbee launched a new feature in its Bitcoin wallet today that allows you to purchase prepaid electricity, airtime and data. This is the realisation of a dream by co-founders Lorien Gamaroff and Angus Brown, finally making the vision for bitcoin as electronic cash a reality.
South African Centbee users have been able to top up their wallets with Bitcoin from over 50 000 retail stores since early 2019 and from their South African bank accounts since February 2020. In addition, Bitcoin can be bought from South African cryptocurrency exchanges VALR.com and AltCoinTrader and sent to a Centbee wallet in seconds.
How to use Centbee to buy prepaid electricity, airtime and data with Bitcoin
South African Centbee users will find a new ‘buy’ button in the Centbee app menu where they can purchase prepaid electricity, airtime and data from mobile networks in South Africa. With Bitcoin already in their wallets, it’s easy to buy electricity, airtime and data in just a few minutes.
“This is the reason I built the Centbee app. To make bitcoin useful, convenient and accessible so that anyone with a mobile phone can use it like cash, which was always bitcoin’s vision,” said Gamaroff.
“Now, with a way to buy everyday products and services with Bitcoin, we’re one step closer to making Bitcoin the everyday electronic cash that millions of people can use.”
Making Bitcoin useful for consumers has always been a priority for Centbee and the Bitcoin blockchain is the obvious choice for large transaction volumes at the lowest cost.
Bitcoin is the only blockchain that can scale exponentially and its industry players are known for their unyielding commitment to regulatory compliance and supporting traceable and legal transactions.
The Bitcoin Satoshi’s Vision (SV) blockchain restores the original protocol described in the Bitcoin Whitepaper in 2009 by bitcoin creator, Satoshi Nakamoto, and fulfils the vision for bitcoin as peer-to-peer electronic cash.
“As experts in payments and financial systems, we strongly believe that regulatory compliance is an essential element to building the Bitcoin ecosystem,” said Brown.
“We support regulations that protect consumers and give businesses the confidence to utilise blockchain technologies. Bitcoin is the only blockchain that is able to deliver this as well as fast, cheap and exponentially scalable transactions.”
Download the Centbee app from the Google Play Store or Apple App Store.