Bitsure provides an innovative payment solution by utilizing the blockchain technology to link customer profiles to fiat-backed cryptocurrency transactions in order for financial institutions to create a secure and instantaneous, low cost payment process to its customers. True direct payment via your feature phone or smartphone, without linking your debit or credit card to the payment process, is now a reality.
Bitsure will disrupt traditional card payment methods by using a blockchain and a fiat-backed cryptocurrency payment network that completely bypasses the Payment Card Industry (PCI) (e.g. Visa, MasterCard, American Express, etc.).
Bitsure is targeting the following markets: South Africa, Kenya, Ghana, Australia and Singapore as currently there are 16 banks in these markets looking closely at and experimenting with cryptocurrency technologies. Bitsure has already started engaging with key international stakeholders. Bitsure will initially operate its head office from Cape Town, South Africa.
Name CEO: Jurgen Kuhnel
Company founded in: 2015
Country: South Africa
Category: Blockchain & Bitcoin