Chris
6DOT50 Vouchers are commodity money products used as a store of value and mode of payment.By combining the familiarity of vouchers with banking grade transactional services we enable people and businesses to store value, send value and transact without the need to own a bank account and we remove the compliance barriers that have excluded billions of people and informal traders from accessing the digital economy.In South Africa there are more than 11 million people who do not have access to a bank account, do not have the luxury of storing their money safely and do not enjoy access to safe and easy ways to make payments. They rely 100% on cash, have no viable way to access credit or even safely send money to their family.We are building the world’s largest and most used voucher based transactional services platform using 6DOT50 Digital Money Vouchers as a store of value and mode of payment by turning every mobile number into a banking grade transactional account.Our starting point has been in South Africa, where we have focused on enabling the unbanked and the underbanked to hold a free transactional account accessed through zero rated USSD. KasiCASH, powered by 6DOT50, is the account of choice for the waste picker community and is enabling car guards, petrol attendants, domestic workers, farm labourer’s and informal traders to store their money, send money, receive money and enjoy safe and easy digital payments. The KasiCASH journey will provide a valuable entry point for previously excluded individuals and businesses to access credit and insurance products.Cryptopmts, on the other hand, is enabling millions of crypto account holders in South Africa to spend their crypto value across more than 80,000 stores and online retailers.
Session
Living on Bitcoin in South Africa workshop