Many Africans had to pay significant percentages to middlemen to facilitate the transactions. $39 billion of that sum came to Sub-Saharan Africa, with Nigeria receiving about $20 billion. This was at a time when, according to World Bank data, about 250 million global migrants transferred $601 billion to their home countries. More than a third of that sum went to developing countries. SureRemit was solving a significant problem. And, it provided an affordable, non-cash alternative for sending money to family and friends at home. The platform uses cryptocurrency tokens to generate digital vouchers that can be used to transfer money. SureRemit is a voucher-based international remittance platform powered by blockchain technology. The company began using blockchain technology to reduce the cost of remittance to Africa. SureRemit was one of the early players to find a way to harness the technology for good. The following years witnessed a massive rise of players and a surge in investments. At the end of the year 2017, Blockchain technology and cryptocurrency have been established as the technology fields with significant promise in Africa.
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