Centbee Show 3 - Cross-Border Money Transfers

Welcome to the Centbee Show! In today's episode, Lorien Gamaroff and Kagiso Ntshingila discuss the Centbee wallet, Bitcoin, and the world of blockchain. Here are the main topics they covered:

Purpose of the Centbee Show

* Aimed at sharing information about Centbee.
* Educate audiences about Bitcoin and blockchain.
* Addressing the need for more valuable content beyond just ads.

Focus of the Episode: Cross-Border Remittance

* Centbee is not just for storing money but also for spending.
* Introduction of the shop feature.
* Low costs associated with BSV blockchain.
* Conversion of digital cash into fiat money.
* Withdrawing from Centbee to obtain physical cash or transfer to bank accounts.

Minit Money and Centbee

* Centbee has integrated services from Minit Money, another business under the Centbee Holdings brand.
* Minit Money's primary function: sending money cross border using blockchain.
* Users can send their BSV digital cash directly to bank accounts in many countries.

Sending Money with Centbee

* Process of sending money, from adding a beneficiary's details to confirming the transaction.
* Diverse options for sending money: bank accounts, mobile money, cash collection points, etc.
* Countries supported include many in Africa, Europe, and South America.
* Upcoming support for Canada, the United States, and New Zealand.
* Importance of verifying identity before sending money.

Bitcoin and the Financial World

* Bitcoin was designed to be a digital cash system.
* Misconceptions about Bitcoin replacing banks and "banking the unbanked".
* Bitcoin's true intention: to facilitate micro-transactions.
* Banks can benefit from blockchain technology for efficiency and transparency.