Centbee partners with nChain – ThePaypers

South Africa-based Centbee has partnered with blockchain technology company nChain to improve its blockchain payments offerings.

Through this partnership, Centbee’s technical team will work with an nChain specialist software development team specializing in BSV blockchain and other services. Essentially, the collaboration aims to improve Centbee’s technical skills by leveraging nChain’s understanding of BSV blockchain technology.

According to coingeek.com, the BSV blockchain is the fastest public ledger since it is capable of supporting more than 50,000 transactions per second. Each transaction can facilitate smart contracts, transfer a secure token, or create an immutable record. BSV represents a digital resource that enables people to send and receive money instantly, anywhere in the world.

Centbee’s main product offering is an easy-to-use consumer digital wallet that uses BSV blockchain technology to make it as easy and convenient as possible for users to send and receive money. Centbee also gives its users more opportunities to use BSV in their wallet via a series of digital coupons available for purchase in more than 100 countries.

Representatives from Centbee quoted by coingeek.com talked about their partnership with nChain and revealed the main focus of the collaboration. Specifically, the company’s software development team will create blockchain technology integrations for remittance and fiat-to-digital currency on- and off-ramps. In addition, the two entities will work on a loyalty reward system that will be integrated into the BSV blockchain.

nChain officials cited by the same source also talked about the integration between the two companies and how it will help drive the adoption of the Centbee wallet worldwide, while strengthening the BSV ecosystem’s suite of products and services.

Other important developments from nChain

In January 2023, nChain worked with the provincial government of Bataan and signed a memorandum of agreement. The Memorandum of Understanding marked the first step towards the future collaboration between the two entities to create a framework for the establishment of a digital platform in the province.

This digital platform will support the implementation of blockchain technology in government business and will ensure that citizens have access to fast and secure public services.

With its intellectual property rights portfolio, nChain wanted to provide PGB with advice and blockchain-based solutions for the digitization of government services, products and processes. The main objective of this endeavor was to digitize various branches and agencies of the government to ensure that the citizens of Bataan will have access to better services and government products.