Centbee : A Buzz Around Accessibility

Lily Sawyer
Lily Sawyer - Senior Editor
  • Centbee is a digital currency wallet designed to enable its users to buy, spend, and send digital cash with ease across the globe.
  • “Our gamification system also incentivises users to engage with the wallet and refer friends, enhancing user interaction and growth,” says Lorien Gamaroff, CEO.

Accessible digital currency wallet, Centbee, securely facilitates instant transactions between users. Lorien Gamaroff, CEO, explains how the company is able to offer hassle-free, low-cost, and global payments by leveraging the Bitcoin Satoshi Vision blockchain.

A BUZZ AROUND ACCESSIBILITY

Centbee is a digital currency wallet designed to enable its users to buy, spend, and send digital cash with ease across the globe.  

“It offers a simple, user-friendly interface, which means the software is accessible to everyone, even those new to digital currencies,” introduces Lorien Gamaroff, CEO.  

Established in 2016, Centbee’s consumer offering today is more than just a digital wallet – it’s a social network for money.  

The ability to connect with friends, family, and fellow users makes it easier than ever for people to send and receive money within their social circles.  

“The app’s social aspect turns everyday spending into a more interactive and engaging experience, adding virality through chatting and social interaction,” Gamaroff adds.  

Centbee utilises the Bitcoin Satoshi Vision (BSV) blockchain as its primary currency, providing a secure and efficient platform for transactions whilst ensuring users can send and receive money quickly and with minimal fees. 

By leveraging the BSV blockchain to enable low-cost, global, and instant payments, Centbee presents itself as an ideal choice for international and everyday transactions alike.  

AHEAD OF THE CURVE

As a currency platform with a difference, Centbee stands out from the competition with features like Chat Pay, e-gift shopping, cashback, and rewards.  

Chat Pay allows users to send money directly through chat messages, making transactions quick and convenient, whilst the e-gift shopping feature enables digital vouchers to be purchased from a variety of global retailers.  

“Additionally, Centbee rewards users with cashback through its Honey Rewards system, which adds a fun and rewarding element to spending and saving,” Gamaroff outlines.  

Centbee also offers group chats and the ability to send money to whole groups, making it easier for friends and family to manage shared expenses.  

Another of Centbee’s key features is its ability to send money directly to bank accounts, mobile money, and cash collection points, providing flexibility and convenience for all users.  

“Our gamification system also incentivises users to engage with the wallet and refer friends, enhancing user interaction and growth,” he adds.  

A DIGITALLY INCLINED DEMOGRAPHIC

As the international prevalence of digital currencies continues to grow, Centbee focuses its product offering primarily on two key emerging segments.  

Firstly, the company has a strong focus on the youth market, specifically targeting people between the ages of 16 and 25.  

“Our app is designed to be engaging and easy to use, appealing to younger users who are likely to be tech savvy and social media-oriented,” Gamaroff points out. 

As such, to appeal to this demographic, Centbee aims to make digital cash transactions fun and interactive.  

Secondly, as the prevalence of mobile money continues to grow in the country, Centbee has a strong focus on Africa.  

“Our services are tailored to meet the needs of African users, providing a reliable and convenient way to handle digital cash in a region where traditional banking can be less accessible.”  

By customising its technology for use by African audiences, Centbee addresses limitations and high fees often placed on international monetary transactions in the country by banks and third parties.  

“We aspire to become the WeChat of Africa by seamlessly integrating social and financial services,” he prides.  

COINING A LEGACY

In line with the company’s international ethos and the importance it places on accessibility, Centbee accepts a range of local currencies through partnerships with numerous payment providers across different countries.  

“These partnerships enable seamless integration with local banking systems, allowing users to easily convert and use digital cash in their local currency,” Gamaroff explains.  

In addition, the company is excited to announce that the app will soon be adding a USD stablecoin to its wallet.  

This currency is intended to provide users with a stable and reliable digital currency option in addition to the BSV blockchain, making it even easier to manage their finances and conduct transactions.  

This comes at a time when stablecoins, a burgeoning class of digital currency, are rising in popularity due to their comparatively less volatile nature.

FINANCING THE FUTURE

As it continues to evolve, Centbee is engaging in various projects, such as its integration with leading retailers for its e-gift shopping feature.  

“This is one of our standout projects, as it allows users to spend their digital cash with major international stores and brands,” Gamaroff comments.  

Additionally, Centbee is investing in expanding its network of payment providers to enhance the company’s global reach and offer more options to its users. 

Going forward, the company’s key priorities include expanding its user base, enhancing in-app features, and forging new partnerships with retailers and payment providers for the rest of 2024 and beyond.  

“Ultimately, we aim to make Centbee the go-to digital wallet for everyday transactions and social payments,” he asserts. 

As a company that is constantly innovating to improve its user experience, Centbee strives to continually add value to its services.  

“In short, our goal is to make digital cash accessible and enjoyable for everyone,” Gamaroff concludes.

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By Lily Sawyer Senior Editor
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Lily Sawyer is an in-house writer for Africa Outlook Magazine, where she is responsible for interviewing corporate executives and crafting original features for the magazine, corporate brochures, and the digital platform.