update on Crowforce and Flashcoin CrowdForce Integrates FlashCoin to Bring Micropayments to Emerging Markets
Partnership expands fintech services to African merchants, bringing financial inclusion to unbanked and underbanked communities
Mahe, Seychelles—20 December 2018—CrowdForce (https://crowdforce.io), the decentralized network of micro-businesses that unlocks digital and financial services for unbanked and underbanked populations in emerging markets, today launched its FLASHcoin integration. The FLASH wallet supports 26 languages, 71 cryptocurrencies and 32 fiat currencies. Integrating FLASHcoin into CrowdForce’s PayForce Network enables global instant remittance, furthering expansion into Sub-Saharan Africa and other emerging markets. Interested merchants can learn more here [CrowdForce Blog].
Globally, 1.7 billion adults remain unbanked. This lack of access to financial services is a major obstacle to combating poverty and inequality. The PayForce network aims to drastically reduce this number by delivering financial services to unbanked populations in emerging markets through a network of trusted community merchant and retail outlets. Now, users who want to pay for goods or need to transfer money across borders can simply buy FLASH from one of 7,000+ PayForce agents across Nigeria, deposit it into a FLASH wallet, and have the recipient convert the FLASH to USD or any other foreign currency.
“Every merchant in the CrowdForce ecosystem becomes a mobile ATM, helping to drive mass-market adoption,” said Tomi Ayordine, CEO and Co-Founder, CrowdForce. “This integration allows FLASHcoin to leverage our merchant network to provide liquidity to FLASHcoin holders through their everyday retail outlets. Merchants can now buy, sell and accept FLASHcoin as payment for goods and services.”
FLASH is a leading community coin protocol based on Bitcoin and Litecoin technology, optimized for ease of use, speed and throughput. FLASH is designed to be the “Majority World Coin” because it is a community entirely run by volunteers from all over the world. FLASHcoin focuses and excels at settlement. Flash is run for and by the community. The FLASH blockchain and wallet system are designed to meet the needs of rapidly growing Majority World countries.
Chris Kitze, advisor to the FLASH community said, “FLASH serves a rapidly growing worldwide community of people working hard for a better life. Africa has the biggest potential in the world for cryptocurrencies and we’re delighted to work with CrowdForce to bring the FLASH technology and community to Africa to help out.”
About CrowdForce
CrowdForce is a decentralized network of micro-businesses that unlocks digital and financial services for unbanked and underbanked populations in emerging markets. For more information please visitwww.crowdforce.io