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 miners have signaled their intent to deploy a Bitcoin protocol change called Segwit2x. The final portion of this change is scheduled to occur with block 494,784 in mid-November.
At BitMari, the safety and security of our users is always our top priority. In some cases, protocol changes increase the risk of using the network. When such events occur, we must take precautions to protect our users.
While most miners signaled their support of this protocol change, not all support it. If miners are divided over this change, there is a significant risk of a chain split. If that occurs, BitMari’s services will follow the chain with the most accumulated difficulty.
We will do our best to continue to provide service on the Bitcoin block chain. Unfortunately, absent any further developments, we must recommend that you stop using Bitcoin prior to block 494,784 (allowing time for your transactions to get into a prior block) and until the uncertainty is resolved.
If you have a Bitcoin wallet and use Bitcoin during this period of uncertainty, you should assume that there will be a chain split and that any Bitcoin you send will be included in both chains. In addition, any Bitcoin you receive will be at a higher than normal risk of double spend.
In the event of a prolonged or permanent chain split, if the minority chain has significant market value, we will provide instructions to BitMari wallet users on how to safely access those coins. We will refer to the minority chain as BC1 (if Segwit2x is the majority) or BC2 (if Segwit2x is the minority). Beyond that, we have no plans to offer our services on the minority chain.
BitPay is committed to building Africa and the African Diaspora’s Financial Solutions.