Peer to peer payment platform; Cashlink, is now available on the world’s largest cryptocurrency exchange platform; Binance.
Cashlink provides cryptocurrency users with stress free cash in and cash out services on Web3 applications. The platform also permits the seamless integration with cryptocurrency and non cryptocurrency related platforms looking to make it easier for the users to carry out successful cash transactions. The company has with the help of its Pilot run on Bundle Africa, been able to process a total of 1.7 million transactions during its very first year.
As a payment platform one of Cashlink’s most successful features, is its matching algorithm which is proprietary. Said matching algorithm utilizes Artificial Intelligence (AI) and machine learning to pair merchants with users.
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In addition, Cashlink has its own escrow system the keeps the transaction secure until the merchant and user have fulfilled their withdrawal or deposit obligations. This further strengthens safety for users on its payment platform.
Another impressive feature it has is that unlike a majority of the other peer to peer platforms available today transactions on Cashlink make it possible for its users on different platforms to have cash balances in their respective wallets without having to create bank accounts. Cashlink expects to further close the gap as more and more establishment look to gain market shares in emerging countries that have challenges in the banking sector, and also provide users who decide to be Merchants with an additional revenue stream.
The Chief Executive Officer (CEO) of social payment software Bundle Africa; , Emmanuel” Babz” Babalola made it known that, “Cashlink has been the ship in which Bundlers have been able to move cash in and out of their wallet. We created Cashlink to be the Uber for money, and it is a first-of-its-kind peer-to-peer network from the African ecosystem. It is changing the Web3 payment landscape and forging a new path for payment systems.”
With Cashlink’s new partnership with Binance, Binance is now the second platform to utilize Cashlink’s network.
The Product Comms and Public Relations Lead; Timileyin Soyemi stated that, “Cashlink as a service is more than just a platform. While platforms can plug into cashlink for on-ramp and off-ramp of cash, it also empowers the local man in any community in diverse ways. Africa as a continent has seen high rates of inflation, with the Naira falling Cashlink has also become a way to make extra cash while still running your day-to-day job or hustle. I am very excited to see the impact of Cashlink in different communities.”
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Cashlink’s Head of Operations; Paschal Okeke revealed that, “Cashlink has always been a platform that allows people to have more control over their money and thereby gives them the ability to profit from that process. That’s something we took into consideration while building this improved version. In offering “Cashlink as a service” to multiple platforms that ability multiplies exponentially for our merchants.”
He added that, “Liquidity is the foundation of a lot of businesses and that’s the foundation we used to build 2.0. As a business we can’t wait to help other platforms plug in and scale their businesses.”
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The company is also set to launch a brand new look and feel along with a number of new features.
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