by Marvin Dumont
If you build it and they don’t come, then the technology wouldn’t matter because no one uses it. Cryptocurrencies have an onboarding problem in rural, neglected and underdeveloped parts of the world. Where most people are unbanked and don’t own a smartphone.
They do, however, own basic cellphones that can send and receive SMS text messages.
Tech, or the lack thereof, isn’t the only barrier. Aside from accessibility and usability, there’s an educational challenge. Many don’t understand the terminology and process of transacting in cryptos. For mass adoption to take place, people must transact in digital funds using everyday tools they’re already familiar with.
A technology — even when it has great features — that doesn’t gain adoption won’t matter. The world only changes when people use a product in daily life. Unfortunately, some blockchain projects don’t solve real problems. Instead, they resemble hobbies that aim to accomplish milestones that don’t impact audiences. The development, while costly for investors, neither contributes to progress or helps fellow humans.
Apollo Fintech does not build solutions in search of problems. The leadership team identifies real world problems and works backward to introduce practical, no-nonsense solutions.
Knox World Pay (WP), 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.
- 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.
- Bitcoin and cryptocurrencies can be sent in 1–2 seconds using SMS.
- Transactions are secured via Apollo Blockchain.
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.