YC chief Executive invests in Bitcoin startup South Korea

Legal BlockBeats - Lagos, Nigeria - Bitcoinbacked financial startup LLC, announced today that it has received investment from Mozilla Corporation, 9Yards Capital, Samurai Incubator and Y Combinator CEO Micheal Seibel. Y Combinator recently bought a 7.5 per cent stake in South Africa For $150,000.

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Bitcoin is being used to tackle cross-border payments challenges. Wallet users can make transactions with third parties and transfer money more cheaply to local bank accounts. The wallet allows users to send money from Nigeria to Ghana and Kenya.

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South Africa allows local payment products, such as buy airtime, cable PAY and other utilities. For those who want to make an international payment, Wallet Africa has a virtual US dollar and Naira card that allows you to make an international or local payment. The CARDS allow users to shop on Amazon, pay for Netflix subscriptions and check out at other online stores.

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