Satowallet, Becomes First African Blockchain StartUp To Process 1 Billion Naira Transaction in a Month

The CEO of Satowallet, Samuel Benedict Ogbonnaya on September 7th 2018, took to his Facebook wall to write

“SATOWALLET HITS A BILLION NAIRA TRANSACTION IN THE MONTH OF AUGUST. THANKS TO CZ @CHANGPENGZHAO FOR INSPIRING ME. WE ARE GETTING THERE”

According to www.entrepreneurn.com

Seeing this great and impressive transaction margin reached by Satowallet, a product of Blockchain Tech Hub based in Abuja, Nigeria, we (Entrepreneur Nigeria) reached out to him as regards the update.

He disclosed to us that at the company (Satowallet) had processed $3,450,955 (1,242,344,000 Naira) worth of cryptocurrency transaction in August after doing their monthly review.

Satowallet is a multi-cryptocurrency wallet and exchange App which is available on both Android and iOS and currently have over 28,000 users using the Satowallet apps to store, stake/mine, and securely trade their cryptocurrencies.

Recall that the company recently partnered with Changelly to provide coin swap on the Satowallet App.

 

In an interview with the CEO by Changelly team, he said;

“we would be releasing an offline protocol for crypto transactions soon on Satowallet. This will enable non-smart phones and people in rural areas to be able to transact cryptocurrencies like local banking”

He also disclosed to us that Satowallet is now available on

  • Android
  • iOS and
  • Pc Wallet

Just a few days ago satowallet concluded it’s partnership with Tron foundation, one of the biggest of the largest cryptocurrency in Asia.

 

and later another partnership with Gidibyte, another big cryptocurrency in Europe.

Could this be the beginning of Crypto boom in Africa or just an effect of Adoption? Time will tell us more.

Indeed, Satowallet is one of the few Nigerian/African blockchain projects with Global relevance which is currently being used in over 70 countries and expanding.

We look forward to more amazing features and updates from Satowallet as well as encourage other African blockchain startups to join the market leaders in the blockchain space

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