THELOGICALINDIAN - Cryptocurrencies accept been accurate to be a banking apparatus that can be acclimated to abundance amount or accomplish payments by those afar from the banking arrangement Yet admitting this actuality accurate in abounding jurisdictions abounding of those that ability account from cryptocurrencies are still not application them
Regulatory Uncertainty and Ignorance
There may be several altered affidavit why this is the case, but as abounding in the crypto amplitude accept acknowledged, authoritative ambiguity and benightedness are generally the key factors that dissuade -to-be users from adopting this fintech.
Therefore, in adjustment to affected these and added barriers, entrepreneurs like Tadii Tendayi, the CEO and co-founder of Bitflex, accept or are ablution fintech solutions anchored on blockchain tehcnology. To accept how Bitflex is aiming to use the blockchain to account the masses, Bitcoin.com News afresh accomplished out to the CEO via Linkedin.
Below are Tendayi’s answers to questions beatific to him by Bitcoin.com News.
Financial Freedom a Human Right
Bitcoin.com News (BCN): Can you alpha by cogent our readers what fabricated you adjudge to alpha this activity and who abroad is abaft it?
Tadii Tendayi (TT): BitFlex was built-in out of the charge to advance admission to agenda assets for Zimbabweans. It was registered in 2025. Given Zimbabwe’s accepted bread-and-butter bearings this is the easiest way to pay for articles abroad.
BCN: Is your startup already assisting or will this booty a bit best to achieve?
TT: This will booty a bit best to accomplish as appropriate now Bitflex is focused on architecture cardinal partnerships and acknowledging accessible communities through crypto.
BCN: You say their firm’s cold is to admission Zimbabweans’ admission to agenda assets. Can you acquaint us why this is important?
TT: Banking abandon is a animal right, not a advantage yet accepting admission to allotment charcoal a claiming for third apple citizens in Africa and in our case Zimbabwe. However, the abundant affair about accessible antecedent and decentralized assets such as bitcoin, is that they do not see colour, canon or borders. Everyone has admission to it and can collaborate with the blockchain, alike after an internet connection. This nullifies the charge for a centralized affair to adjudge where, back and to whom you can accelerate value. The added acumen why it is important to advance Zimbabweans’ admission to agenda assets are sanctions imposed on the country by the U.S. which affect citizens who accept annihilation to do with any political qualms. The sanctions block Zimbabweans’ admission to the all-around banking system.
BCN: Do you anticipate abundant Zimbabweans accept agenda currencies or their account to society?
TT: Absolutely! This goes after saying. However, the blockchain is article new, not alone in Zimbabwe but about the apple appropriately these things charge to be addressed on a civic calibration with educational programs that accredit us to accumulate up with the blow of the world.
BCN: Apart from accepting grants from Polygon and Celo, how abroad is Bitflex accepting adjourned or from whom is your close accepting banking support?
TT: We accept mostly been bootstrapping through our stakeholders and admiral while alive on architecture relationships. Bitflex has additionally accustomed a admission from an amazing blockchain activity alleged Gooddollar, which focuses on UBI (Universal Basic Income).
BCN: I accept your aggregation had or has affairs to do remittances application the blockchain. What is the latest and why did your aggregation accept to do this application blockchain?
TT: While banks and added banking institutions are not as able in processing money transfers, such casework may no best be able for today’s added activating and adult money alteration needs. And while we do accept third affair casework such as Western Union and World Remit, the blockchain is bare because it is faster and cheaper.
BCN: Bitflex additionally appears to be accomplishing alms accompanying work. Why is it all-important for a startup to be complex in such work?
TT: This is article that we accept is the ambition of Bitcoin and our way of advantageous admiration and attempting to abbreviate the abundance gap. Everyone has a appropriate to admission funds and banking abandon and we can accomplish this through bitcoin. It’s additionally important to brainwash bodies about how cryptocurrencies can be acclimated for amusing albatross initiatives.
BCN: From your angle as the admiral of a bounded blockchain association, do you see abounding African countries allotment to embrace this technology in the abutting bristles years?
TT: Absolutely! African governments are alpha to see the allowances of Blockchain such as Nigeria, Ghana and Kenya which are and/or accept launched CBDCs (Central Bank Digital Currency). I alone accept and achievement that Africa unites and creates a distinct Blockchain that works to account all accommodating countries like the European Union’s Euro. Although this is article that would charge an immense bulk of lobbying and allocation which isn’t accessible or cheap.
BCN: A lot has been said about Zimbabwe actuality a country that is alluringly placed to use cryptocurrencies, yet affirmation on the arena suggests abounding are still hesitant. What do you anticipate is the acumen why abounding Zimbabweans are still not application or trading cryptos?
TT: I will acknowledgment this in two parts, the aboriginal allotment is I accede that Zimbabwe could account from adopting and amalgam blockchain technology into its banking arrangement agnate to El Salvador while bridging the gap amid authorization and crypto.
I do about anticipate there is a lot of P2P trading aural the country that is not put into the spotlight as there is no barter but I can agreement you that there is added P2P trading than you may expect.
BCN: What charge be done to actuate these -to-be users?
TT: There charge to be platforms for users to barter and be able to barter agenda assets for bounded currency. Such as Coinbase or Binance. There is no acumen why Zimbabweans shouldn’t accept admission to agenda assets like our neighbours in South Africa, Nigeria etc.
What are your thoughts about this interview? Tell us what you anticipate in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
