What happened? It’s official – blockchain is no longer just a buzzword. The technology is now being used by real people to do real things like banking. An African bank, Xend Finance, is leading the way with its innovative use of blockchain technology. Recently, they hit a major milestone – 100k users! Xend Finance is a bank that uses blockchain technology to make it easier for people all over Africa to access banking services. This bank is backed by Binance and Google Launchpad, so you know it's trustworthy. With this bank, you'll be able to easily convert your cryptocurrency into local currencies like Ghanaian Cedis and Kenyan Shillings.
Why is this important? In a world that is increasingly digital, it's important to remember the importance of staying human. While blockchain and crypto technology is now mostly used for speculative purposes, their true value lies in the empowerment of human beings and skipping the middleman in the financial businesses. This new African bank is helping to bring blockchain technology to the mainstream and making it more accessible for everyone. The future of African finance is about sending money from one side of the continent to the other in real-time and without incurring exorbitant costs.
The bank's 100,000 users are largely based in Nigeria and South Africa but with the addition of local currencies in Ghanaian Cedis and Kenyan Shillings, the bank is looking to expand its user base across Africa. The launch of Xend Finance's free mobile app on Android and Apple devices has made it easier for people to access banking services.
So what do you think? Are you surprised that an African bank is leading the way in blockchain technology? Do you think this bank will help to bring blockchain into the mainstream? Let us know your thoughts in the comments below!