by Marvin Dumont
The mobile payment revolution of the past decade has turned cellphones into a banking device. Thus, the phone can reach global audiences, including rural and underdeveloped areas, and bank the unbanked.
Apollo Fintech is developing accessibility and usability solutions that use a basic SMS-capable phone to send and receive cryptocurrencies. Apollo’s leadership team believes this is a practical fix that brings mass adoption even in rural areas.
Knox World Pay (WP) is a global cryptocurrency payment service that is compatible with basic mobile SMS communication systems. WP will beta launch in late Q3 2020 after continued developer testing.
Here are key features:
- Payments, acquisition and withdrawal of Bitcoin and cryptocurrencies do not require access to a smartphone, computer or internet. Instead, basic mobile owners use existing SMS text messaging systems to conduct frictionless transactions.
- Users can transact with Apollo’s agents to deposit funds.
- Bitcoin and cryptocurrencies can be sent in 1–2 seconds using SMS.
- Transactions are secured via Apollo Blockchain.
Mobile pay merges an old tool of commerce (money) with innovation (cellphone). It makes payments familiar, convenient and secure. It can reach areas where there are no banks or ATMs and it gives people an ability to invest in cryptocurrencies.
Apollo Fintech is a leading blockchain company that develops world-shaping fintech solutions for a global economy. Apollo has offices in Africa and North America with plans to expand in Asia, Europe and Latin America. Apollo Fintech is becoming a global leader in Government blockchain solutions, as well as pioneer of international mass adoption.
Learn more at aplfintech.com.