Bitnob, a leading fintech company in Africa, has announced its integration with Universal Money Address (UMA), a revolutionary payment protocol that enables 24/7 transactions in any fiat or cryptocurrency using a single wallet, exchange, or bank.
UMA, also known as the “email address for money,” is an open-source, global system that mirrors the simplicity of SMTP, the protocol behind seamless email exchanges. This allows users to transact without any prior knowledge of Bitcoin.
Bernard Parah, CEO of Bitnob, expressed his excitement about the integration: “Our integration with UMA is a testament to Bitnob’s commitment to revolutionizing cross-border payments in Africa. We’ve always been at the forefront, from being the first in Africa to integrate the Lightning Network to offering Lightning addresses to our users. Now, with UMA, we’re bridging the gap between Africa and the rest of the world, offering our users unparalleled access to global markets.”
Cross-border transactions have historically been plagued with high costs, delays, and complexities. UMA addresses these challenges head-on by offering:
- Universal Integration: Compatible with any wallet, exchange, or bank
- Real-time Global Settlement: Instant payments regardless of location
- Low-Cost: Competitive fees, significantly lower than traditional cross-border payments
- Currency Agnostic: Supports any fiat or cryptocurrency
- Personalized Addresses: Choose a unique and memorable UMA address
Bitnob’s integration with UMA further cements its position as a trailblazer in the fintech space. Currently offering payouts in a number of African countries, including Nigeria, Kenya, Ghana, and more, Bitnob’s inclusion in the UMA network will expand its reach to Asia, LATAM, and Europe, solidifying its reputation as one of Africa’s most robust cross-border platforms.
Bitnob’s commitment to innovation and its user-centric approach have been instrumental in its rapid growth and success. With UMA, Bitnob is not only addressing the challenges of cross-border payments but also empowering African youths by providing them with access to global opportunities.
To get your UMA address, download and register an account with Bitnob on the app store or play store, and sign up for the waitlist using your preferred name. Don’t miss out on securing your desired UMA name. Join the waitlist now and be part of the future of payments!
Bitnob’s integration with UMA is a significant development for the African fintech industry. With UMA, Bitnob is making cross-border payments more accessible and affordable for African users while also empowering them with access to global opportunities.
