Ghanaian blockchain-based payments startup Bit Sika raises funding from Microtraction

Ghanaian startup Bit Sika, which uses blockchain technology to help users receive money instantly, from anyone, anywhere at zero cost, has secured funding from early-stage VC firm Microtraction to help it grow further.
Launched in 2018 by co-founders Atsu Davoh and Samuel Boahen, Bit Sika has created a platform that uses digital currencies to move money across borders at low or zero cost.
Users can deposit and remit money across multiple currencies using the app, with all monies deposited in Bit Sika stored in USD credits or stable-coin. This means that if a Bit Sika balance is not used the USD value of that balance never changes. The startup says this serves as a better store-of-value against African local currencies. more