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Centiiv Pay is a payment system built on the Blockchain to facilitate cross-border payments from crypto to bank. We are making it possible for users to have a quick and seamless payment experience. For businesses, Centiiv Pay is a low-cost payment option that can help facilitate faster and cheaper cross-border payments. Also, it is the platform that would allow users earn passive income through its investment and savings feature. Africans can invest in business ventures in agriculture, real estate, oil and gas and so on.
Centiiv Remit
Crypto to Bank: This is the payment infrastructure to make
cross-border payments seamless for Africans sending and receiving funds to and from Africa respectively.
Centiiv Loans
This product feature is that which would enable our users have access to credit facilities by taking loans using their crypto assets as a collateral.
Centiivest
This is the feature that would allow Africans to earn passively by investing in selected business ventures like real estate, oil and gas, agriculture etc. Here, Centiiv intends to manage these business ventures as a subsidiary and allows its users to earn by investing and making returns. For instance, a farm managed by Centiiv would allow users make extra income by investing.
Centiiv Insurance:
Centiiv Insurance is the service that is being created with the goal of enabling users minimize risks around their crypto assets such as protection from market volatility, liquidations e.t.c.
Centiiv Charity
This is the feature that makes it easy for our users to contribute to the welfare of humanity. Here, an infrastructure would be put in place to ensure every dollar donated by users are used in executing humanitarian projects.
We are done with the first version of the product which includes the cross-border payment feature and gotten a few users to test in private before we proceed to shipping it to public. Below are the feedbacks we got from different users:
Africans have decried the issues they encounter while making cross-border remittances. These includes high transaction fees they have to pay before they can get their funds to the receiving end. Also, remitting funds internationally comes with its own hassles as it requires individuals to fulfill a couple of unnecessary requirements.The need to have an easy remittance method in Africa cannot be emphasized enough. The stress an individual has to go through to be able to get his/her funds sent across really is not necessary.
Speaking about the high fees that has to be compulsorily paid is another problem that requires urgent attention. This is coming at a point in time whenNigeria and Africa as a whole is experiencing a high rate of emigration, Nigerians call it Japa and it simply means leaving the country or continent to seek greener pastures in the Western countries. This year alone, Nigeria has recorded over 65,000 emigration of its youth toUnited States alone, statistics has it that ×3 of that number migrated to the UK. What this means is that the market is growing bigger by the day giving us the potentials of gaining a significant market share while we provide a solution. Amongst other things, the least of these migrants worries should be payments. because definitely an international student abroad wants to receive money from home and a migrant worker wants to send money back home.
Therefore, launching this product at this point in time is a no-brainer.The outlook of cross-border in Africa no doubts need to be looked into and this is the reason Centiiv Pay came into the picture. Centiiv Pay isa payment system being built on the Blockchain to facilitate a fast and hassle-free remittance of funds across Africa with the enablement of seamless crypto to bank settlements.
Centiiv Pay provides a secure and seamless environment to satisfy the needs of Africans in the area of cross-border payments. This way, merchants who need to transact beyond the shores of their home country would find payment very easy to do which in turn would help improve their businesses.
Centiiv Pay also intends to make it easy for crypto enthusiasts to make purchases directly from their crypto wallets without having to liquidate their crypto assets. Here, users, through the Centiiv crypto cards can spend their crypto on third party platforms.
Other features of Centiiv Pay are:
Centiiv is an African startup building solutions to connect Africa to the global market. The use cases of Centiiv are built to satisfy the everyday life of Africans. The actualisation of Centiiv roadmap will help solve major problems facing Africa around commerce, transportation and logistics, financial technology (Fintech) and Technological incubation.
Bolarinwa Odupe (bolarinwa#4197)
Founder/C.E.O
https://www.linkedin.com/in/bolarinwaodupe/
https://twitter.com/_bolarinwa
Bolarinwa Odupe is an experienced software developer with a demonstrated history of working in the Management Consulting and Tech industry for five (5) years. Skilled in Blockchain Programming, Content Writing, Project Management, and Web Frontend Development.
Muazu Abu (Muazu Centiiv#1673)
Co-founder/C.T.O
https://www.linkedin.com/in/muazu
Muazu Abu is a software Engineer & a blockchain developer with proven expertise in building scalable web & mobile applications capitalising on frameworks like React, nodejs, expressJs, mongoDB ethersJs.
Ajibola Akinmosin (Jhybo | Centiiv)
Engineering Lead
https://www.linkedin.com/in/ajibolaak
Ajibola is an experienced Software Engineer with a demonstrated history of working in the computer software industry. Skilled in Analytical Skills, Communication, C#, Flutter and Dart and Engineering. Strong engineering professional with a Bachelor's degree focused in Computer Science from Federal University Lokoja.
Kehinde Dawood (Digitalhkenny#3652)
Marketing Lead
https://www.linkedin.com/in/ahmed-dawood/
Kehinde is a Marketing and Growth Manager with experience for shaping brand perception through digital marketing channels, growth funnels, strategic communication, content direction more.
Adeolu Akinde (Klausigner#4275)
Senior Product Designer
http://www.linkedin.com/in/akinde-adeolu-67b7371b3
https://twitter.com/klausigner?t=o7EBoLdglgGQ_KY_4qk1Tg&s=08
Akinde Adeolu is a product designer, brand identity designer and motion graphics design enthusiast. A graduate of business administration and management. a German language learner and also in love with tech.
Abdulmajid Usman (Tobi_#4091)
Frontend Engineer
https://www.linkedin.com/in/abdulmajid-usman-3a7537174
https://twitter.com/majidsenpai?s=08
Abdulmajid is a mobile developer at Centiiv. Passionate about software engineering and love building interesting products. I like exploring new technologies, finding and implementing optimal solutions to software related problems.
The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on December 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5th as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
**The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on December 16, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on September 27, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.