Mr. Atsu Davoh is popularly regarded for founding the organization Bitsika. He works as the owner and Chief Executive Officer of Bitsika. He is believed to be an Alumni of Carleton College where he graduated.
What Is Bitsika?
Bitsika is a social price app that enables virtual companies in Africa to create invoices for his or her clients in one-of-a-kind countries. It makes it easy for businesses to get paid quickly in the local currencies of those countries. This is helpful because it simplifies the payment process and makes customers happy by avoiding extra fees and complications.
Which countries is Bitsika available in?
Bitsika operates in these African countries: Ghana, Nigeria, Kenya, South Africa, Uganda, Tanzania, Rwanda, Cameroon, Mali, Ivory Coast and Mauritius.
In these places, Bitsika helps online businesses by letting business owners create invoices for their customers. This makes it easy for customers to pay in their own currencies, avoiding complicated money exchanges.
Bitsika’s service is super useful because it’s often difficult to deal with money between different African countries. Each place has its own money and rules about payments. Bitsika sorts out these issues, by making it simpler for businesses to get paid and for customers to shop without extra difficulty.
How To Buy Bitcoins With Bitsika?
Bitsika is becoming really popular in Africa because it’s a convenient way to send and use different types of money, all in one place. Instead of sharing your personal information, you use something called a cash tag to do transactions, which makes it safer and easier to send money. This matches the trend of making money stuff simpler and keeping your info private.
Lots of people like Bitsika because it helps with common money-sending problems. These include keeping your info private, not getting tricked by bad people, and dealing with different kinds of money. Bitsika makes things easier by putting everything together in one system, which could be a big help for people in Africa. Getting Bitcoin using Bitsika on Paxful is easy and smart. Here’s a step-by-step guide to make sure you do it right and stay secure:
1: Login and Choose Bitsika: Sign in to your Paxful account, a place where you can buy and sell cryptocurrencies. Once you’re in, go to the main page. Look for the choice called “Bitsika” in a special box. Pick that – it’s like saying, “I want to use Bitsika to pay.”
2:Find People Selling: See a button that says “Find Offers”? Click that. Now, a list will pop up showing different people who are okay with getting paid through Bitsika. Each person might have different prices and rules.
3:Check Out the Sellers: Before you decide, take a look at the sellers. Click on their names to see their profiles. This helps you know if they’re trustworthy and good to deal with. You can see their history and what others have said about them.
4:Choose a Seller and Click “Buy: Once you’re sure about a seller, hit the “Buy” button next to their name. This takes you to a page with all the details about what they’re offering. You’ll find things like the price of Bitcoin they’re offering, any extra fees, and how much you can buy.
5:Read Everything Carefully: Spend time reading everything on this page. Make sure you understand the price, fees, and any rules the seller has. This helps you avoid surprises later
Start the Transaction: If everything looks good and you’re happy with the seller’s terms, you can start the process. Using Bitsika as your payment method makes things safe and smooth. Pay attention to any extra instructions the seller gives you to make things go
In the end, buying Bitcoin with Bitsika on Paxful is Simple. By following these steps – picking Bitsika, checking sellers, understanding offers, and starting transactions – you’ll be on your way to owning Bitcoin without worries. Remember, each step you take brings you closer to enjoying the benefits of digital money.
How to Get Verified on Bitsika: Step-by-Step Guide?
1: Download the Official Bitsika App
Begin by downloading the official Bitsika app from your device’s trusted app store. This ensures you’re using the genuine platform.
2: Signup with Gmail
Open the app and sign up using your Gmail account. This initial step sets the stage for your verification journey.
3: Optional Referral Entry
While signing up, you have the option to enter a referral username or code. Don’t miss out on potential benefits – consider this step.
4: Complete Your Account Settings
Navigate to the account settings section within the app. Fill in all required information, including your contact details and any requested financial data.
5: Submission of Verification Documents
To enhance security, Bitsika requests specific documents to verify your identity. Capture high-quality images of your government-issued ID (e.g., passport, driver’s license) and proof of address (e.g., utility bill).
6: Seamlessly Submit Your Documents
Upload the images of your verification documents directly through the app. Clarity is key – ensure all details are legible.
7: Awaiting Verification Approval
Once your documents are submitted, patiently await the platform’s verification review. This typically takes minutes to a few hours.
8: Reach Out for Support (If Needed)
Encountering issues? Bitsika’s customer support is ready to assist. Feel free to contact them for prompt guidance.
9: Load Funds and Enjoy Secure Transactions
Upon verification approval, you can load funds into your account and unlock the full spectrum of Bitsika’s secure financial services.
Getting verified on Bitsika is a straightforward process that involves downloading the app, signing up, submitting verification documents, and awaiting approval. Follow these steps meticulously to become a verified user and enjoy secure financial transactions with ease. For the latest and most accurate instructions, always refer to the official Bitsika app or website.
When was Atsu Davoh’s Bitsika founded?
Founded in 2018 by Mr.Davoh and Samuel Boahen, introduced an innovative method for using digital currency to facilitate affordable cross-border money transfers. This approach eliminates or significantly reduces the costs typically associated with international remittances.
Bitsika’s platform allows individuals to deposit funds into the app and subsequently transfer them to recipients in different countries. Notably, the money stored within Bitsika is tied to a digital currency that maintains a stable value equivalent to the US dollar. This design helps counteract the fluctuations often experienced with local African currencies.
The app’s current functionality enables users in Ghana and Nigeria to exchange funds seamlessly. With approximately 1,000 users on board, Bitsika has successfully facilitated nearly $1 million in total transactions.
To accelerate its growth trajectory, Bitsika secured investment from Microtraction, a company that specializes in funding emerging startups. Microtraction’s interest in Bitsika stems from its utilization of digital currency and technology to streamline international money transfers, making them easy, cost-effective, and traceable. This approach has the potential to greatly benefit people in Africa seeking hassle-free money transfers, a need that extends to businesses as well.
What is the revenue of Bitsika?
According to information shared via the company’s official Twitter account, there was a remarkable increase in transaction volume from January 1, 2020, to January 1, 2021, with a staggering 3,998.3% surge.
During this period, the company processed a total transaction volume of $39,953,115 compared to the $974,864 processed in 2019.
Breaking down these numbers, Bitsika, which serves as a wallet for multiple currencies, including Cedis, Naira, Dollars, CFA currencies, and cryptocurrencies, reported $18,872,474 in deposits, $17,890,807 in payouts (withdrawals), and $3,189,834 in internal peer-to-peer transfers. In terms of revenue, Bitsika collected $1,027,583 in fees in 2020, a significant increase of 312,235.3% compared to the $329 collected in 2019.
Can I withdraw money from Bitsika?
Does Bitsika work with PayPal?
It’s important to note that the card provided by our service cannot be used for transactions on platforms like PayPal, betting websites, or any websites that attempt to retain and store funds from the card.
This restriction is in place to ensure the security and appropriate use of the card for legitimate transactions, safeguarding users from unauthorized or potentially risky activities on such platforms.
Bitsika’s Empowering Collaboration with Davido and DMW
Nigerian Music Icon Davido Unveils Groundbreaking Partnership with Bitsika, a Revolutionary All-in-One Fintech Solution.
Davido, in a recent tweet from his handle @davido, expressed his excitement about the long-anticipated partnership with Bitsika, stating that he’s been diligently working on it. He joyfully announced the availability of this groundbreaking fintech solution, emphasizing its potential to address all transfer and payment challenges across Africa.”
About Author
