HashCash Cryptocurrency Payments Platform Launches in South Africa

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HashCash Consultants, a California-based distributed ledger technology (DLT) project focused on creating blockchain-based solutions that enable enterprises to move assets and settle payments seamlessly across borders, is now live in South Africa, according to a press release from January 7, 2018.

HashCash Takes DLT to South Africa

In a bid to help South African startups overcome the challenges they face while trying to process payments, HashCash has successfully launched its White Label Payment Processor in the region. HashCash claims its solution provides users with all the advantages available in the crypto payments ecosystem and more.

The team says its White Label Payment Processor is an end-to-end solution that makes Bitcoin invoicing a seamless process. It also comes with merchant account management interface, payment dispute management, and ticketing among other features.

In addition to supporting bitcoin payments, the solution can also facilitate transactions in a select number of cryptoassets including litecoin (LTC), ether (ETH), and bitcoin cash (BCH) as well Hash Cash’s native HCX token.

The HashCash Advantage and Cryptos Revolutionizing Africa  

Compared to traditional methods, HashCash offers merchants faster payments processing times. The team claims that large volumes of transactions are confirmed in a few minutes without chargebacks and payouts are made directly to merchants’ bank accounts within five to six working days.

Importantly, HashCash has made it clear that merchants using its solution need not worry about the volatility risks native to the industry.

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Founded in 2015 as a DLT consulting firm, HashCash Consultants has grown into a formidable force in the blockchain ecosystem, fostering mass adoption of the revolutionary technology by helping firms to develop highly functional solutions that handle Retail Remittance, Corporate Payments, and more.

Commenting on the development, the Managing Director of HashCash, Raj Chowdhury explained that the firm’s payment processor has a dedicated mobile app that makes it possible for users to access the payment metrics dashboard in real-time, anywhere they may be. Chowdhury said:

“Security is also prioritized in this solution, with the account interface protected with double verification during login. It implements major BIP Payment protocols BIP 70 and 73 for payments.”

Though nascent, some forward-thinking nations in Africa have since joined the cryptocurrency and blockchain technology movement, and the continent is now home to various blockchain-based platforms.

In July 2018, BTCManager reported that the world’s largest cryptocurrency exchange, Binance had launched a crypto-fiat trading platform in Uganda. In related news, BTCManager informed on January 4, 2019, that South African authorities had established a working group to help it formulate a robust cryptocurrency regulatory framework.