It was a proud moment for BoundlessPay when we were featured on NODO News, the Pan-African Web3 Discovery and News Service.
The recognition validated our mission to build a top digital payment solution company that will eliminate barriers in crypto-fiat transactions and make blockchain-based payments accessible to everyone globally.
“We believe that everyone should have access to the global economy, regardless of where they come from or their background.”
BoundlessPay is a fast-rising global payment platform, set to take the world by storm with revolutionary digital payment solutions. From startup to the spotlight, we have come a long way in our quest to achieve financial inclusion for the unbanked and expose the banked to opportunities in the blockchain industry.
What New Innovation Is BoundlessPay Bringing?
The latest innovation from BoundlessPay is an offline payment system that will benefit the unbanked population in Sub-Saharan Africa, where 45% of people still didn’t have access to a bank account as at 2021, according to the World Bank. By offering payment solutions that leverage SMS and USSD channels, BoundlessPay seeks to expand its user base to those who do not have access to smartphones or constant Internet.
“We want to give people the freedom to send and receive money without being tied to traditional financial institutions. Our future rollout will allow a person to pay money to your phone number or email and get a code for withdrawal. Recipients can then cash out through the bank of their choice or BoundlessPay agents,“ Mr Peters informed NODO News.
By leveraging blockchain technology, BoundlessPay’s innovation around offline payments bridges the financial inclusion gap and empowers people to participate in the global economy.
How Did It All Start?
This journey began when Mr Peters experienced the pain of using old, time-consuming, expensive remittance services. He then discovered Bitcoin in 2015, by helping someone remit a million dollars using Bitcoin, and spent just about $1 in fees for that transaction. It was an eye-opener that sparked the idea of creating a better payment solution.
BoundlessPay was created under Boundless Nexus in 2019 but went live in 2021. Our platform offers users a mobile application that enables them to buy, sell, and hold cryptocurrencies, send cryptocurrencies to other users through peer-to-peer service, and make remittance easy and cost-effective.
What Does The Future Hold for BoundlessPay?
The future is bright for BoundlessPay as we continue to grow and expand our services. We are also targeting commerce transactions for business cases by introducing tools to settle payments in the upcoming version. The application will be a unified platform for payment tools as opposed to the siloed manner most payment apps do. By breaking barriers and bridging the gap, BoundlessPay is creating a world where financial inclusion is not just a dream but a reality.
In conclusion, BoundlessPay’s global payment solution is not just a product but a mission to empower people and change lives. As Mr. Peters puts it, “We are building a future where financial inclusion is not a privilege but a right.” With the support of all our stakeholders, BoundlessPay is poised to make a significant impact in the world of payments and beyond.