As Digital Currency Values Skyrocket BitMari Becomes 1st to Partner with African Bank.
WASHINGTON, DC June 7, 2017 — BitMari, the world’s leading Pan-African Bitcoin wallet provider, has partnered with Agricultural Bank of Zimbabwe to integrate Bitcoin and blockchain technology into their consumer offerings.
This marks the first time an African commercial bank has agreed to work with a Bitcoin company. Bitcoin has experienced unprecedented success. The digital currency recently surged past $2,000 and reached a market cap of nearly $35.9 billion.
BitMari is utilizing the technology to give unbanked populations a chance at winning in the global economy. Co-Founder, Sinclair Skinner, is confident the partnership can help reverse over a decade of recession in the country, “Blockchain technology will allow Agribank and future indigenous African banks to leapfrog traditional remittance methods. Financial inclusion creates empowerment and ultimately stronger economies.”
Co-Founder Christopher Mapondera says, “BitMari is utilizing the wisdom of Zimbabwe and the resources of Silicon Valley to build fintech applications that will change the speed and flexibility of transactions throughout Africa.”
The black-owned startup is banking on following up this news by making history again. The startup has applied for an international remittance license with the Reserve Bank of Zimbabwe. This authorization would also be the first of its kind in Africa.
AgriBank is a wholesale bank that is primarily owned by and supports 17 Farm Credit Associations that provide loans and financial services to farmers, ranchers, and rural businesses and homeowners in Zimbabwe. They’re one of the largest banks in the national Farm Credit System, a national network of borrower-owned lending institutions.
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