BitMari Performs First Remittance on Bitcoin Lightning Network
BitMari TV One Interview : I Love Black People Bus Tour Teaches How To Create Financial Wealth Through Digital Currency
In honour of Zimbabwe Women Farmers and Mbare Traders, BitMari is proudly sponsoring the screening of 1804: The Hidden History of Haiti at Eastgate Ster-Kinekor. 1804: The Hidden History of Haiti is a feature length documentary film about the untold history of the Haitian revolution.
This new compelling film is produced and directed by the creator of the critically acclaimed Hidden Colors documentary series, Tariq Nasheed who will be present for this movie premiere.
Future Freedom Fighters is a superhero comic book that takes place in Zimbabwe which deals with a lot of Africa’s problems.
The main protagonist Rukudzo who leads a double sided lifestyle, usually she is a representative and spokesperson for BitMari and their revolutionary Bitcoin wallet and when necessary stands to battle the forces who pose a threat to the pan-African agenda. In this edition, the international community conspires to cripple the African bank system and it is up to Rukudzo and her team to save the day!
In BitMari’s mission to unify the “United States of Africa” and empower all members of the Diaspora through the power of Bitcoin, we are happy to announce that it is easier to remit funds to Africa as users in the US, UK and EU can now use their debit/credit cards to fund their accounts.
This week our strategic partner Uphold announced the launch of a new and improved credit card integration which will enable members to fund their Uphold account instantly. For your security, your card(s) must be eligible for Verified By Visa or Mastercard SecureCode.
If your card is eligible, you can connect it to BitMari. With your debit/credit card, you can fund your account for a minimum of $50/50€/£50 per day and a maximum of $500/500€/£500 per day. Funds added via debit/credit card are subject to a 3.99% fee.
To learn more visit Uphold’s FAQ. (https://support.uphold.com/hc/en-us/articles/206118653)
AS efforts to boost Diaspora remittances into the country continue, a local firm Bitmari, says it has launched an affordable platform that can be used to send money from the United States. Bitmari, which was founded about a year ago but went online almost 10 weeks ago, says it sends money using the blockchain technology, such as is used by crypto curriences such as Bitcoin, which is transparent.
Co-founder of the firm, Christopher Mapondera told The Herald Business yesterday that their main objective is to promote remittances from the US to Zimbabwe at affordable rates.
“We came into this business simply because we are trying to address what we see as the needs of our people. The realised that the bulk of remittances made by people in the Diaspora are probably between $50 and $200. But the fees being charged are not that attractive. For instance, if you send $20, some of the remittance companies charge $10 which is 50 percent of the total amount sent.
“So more people are discouraged from sending money and we decided that you can send that $10 for 50c or $20 for $1 and from $20, there is a whole lot that a person here can buy and we are trying to encourage people out there to send money to their relatives,” said Mr Mapondera.
Bitmari’s local partner is Agribank, which has a wider ranch network. Diaspora remittances have become crucial to economic development, and $180 million came in the first quarter of this year. The Reserve Bank of Zimbabwe projects that $750 million would be raked in by year-end. Mr Mapondera said the Bitcoin technology is transparent and can be used in the agriculture and mining sectors, as it provides a mechanism for checks and balances.
For instance, a farmer who gets inputs can be tracked on how they would have used them. The agriculture sector had been rocked by cases where beneficiaries would divert inputs to the black market, and not channelled them towards production.
“The Bitcoin technology can be applied to any aspect of economic development here. It is a transparent platform; you can set it in such a way that all the stakeholders are aware of what each person is doing. We have already done one demonstration that farmers using the Bitcoin technology such as the women farmers we have, can get inputs but we track what they do with the inputs. When you get seed for 10 hectares, the technology helps us to tell how much seed you used per day and to cover how many hectares,” said Mr Mapondera.
He declined to say how much money has been remitted through Bitmari but said they have invested a “substantial amount of cash”, so that when money is sent, recipients should be able to receive their money. At the moment, Bitmari has just finished a 10-State campaign in the United States covering Washington DC, Maryland, Florida and Dallas, among others, targeting Zimbabweans living in those areas so that they remit funds back home.
Sinclair Skinner, an African-American, is one of the founders of Bitmari.
BITCOIN COMPANY SPREADING TECH LOVE TO HBCU’S IN AFRICA
I Love Black People Bus Tour to Promote Black Wealth and Economic Liberation Through Cryptocurrency
WASHINGTON, DC (November 12, 2017) Bitcoin startup, BitMari, heads to Africa for the second leg of the, I Black People transatlantic tour. The campaign kicks off, November 16th, 2017, at the Tech Village in Zimbabwe and is designed to promote Black wealth and economic liberation among the minds of young HBCU students.
Throughout the month of November, stops include the University of Zimbabwe, Midlands State University, National University of Science and Technology, Bindura University of Science Education, Africa University and Great Zimbabwe University and Harare Institute of Technology.
Each destination features many activities that include focus group discussions, fintech hackathons, tech job recruitment, visits to black banks & businesses and black history quizzes. The overarching goal of the inaugural tour is to spur, promote and celebrate black business and innovation throughout the Diaspora. BitMari will also collaborate with campus leaders, local businesses and change-agents to evangelize the benefits of STEM education, entrepreneurship, and Blockchain technology.
There are three points that will be stressed during the tour. The first will be to #BuyBlack. This means supporting black businesses that are providing quality goods and services to the public. “Buying Black” will not only help sustain those businesses but will also help to create institutions that will help fortify their communities and build wealth for future generations.
The second point is to #BankBlack. This point promotes the importance of black-owned financial institutions that are sensitive to the needs and concerns of black people. An idea that was reinforced by a 2014 FDIC study that found that black-owned banks in the U.S. are significantly more likely to lend in low-to-moderate income communities and to borrowers of color than many major banks. BitMari has already started this work in The Republic of Zimbabwe, where a few months ago, they made history by becoming the first Bitcoin startup to be granted an international remittance license by an African Central bank. As a result, Zimbabweans can use BitMari’s mobile wallet to transact in Bitcoin via their commercial bank partner Agribank, bypassing the predatory fees of traditional remittance companies.
The third and final point stressed will be to #BuildBlack. This is a call for the global black community to step up and support its innovators and entrepreneurs. The theme also challenges business leaders to collaborate more in an effort to promote financial growth and collective wealth throughout the Diaspora.
Through this tour, the young, black minds of tomorrow will get the tools they need to financially empower themselves and build stronger foundations in their respective communities.
This second leg follows a fifteen stop HBCU tour across the transatlantic. Over 3,000 students participated in the events.
BitMari was founded by HBCU graduates Sinclair Skinner and Christopher Mapondera. It serves as a Pan-African remittance service that leverages on bitcoin technology to tap into new markets of the diaspora remittance. The goal is to help countries ease the pain of financial dependence and economic uncertainty, by offering more monetary control to the people through remittances. Bitmari is the only Bitcoin based company in the world to receive a money transfer license from the central bank of Zimbabwe and have a strategic partnership with Agribank to perform remittances for their customers using Bitcoin.