Nexus Pay · Solving the Unbanked in Kenya With Crypto, Mpesa & USDC Stablecoins | Web3 Africa

0:00So key problems we are solving is 17% of Kenyans are definitely under banks and there’s inflation rate which has hit like a 9% and there’s a deprecation rate of 24%. Bank to M-Pesa transfers of course are very expensive if you’re in Kenya and I bet a few Ethiopians have experienced. So Nexus Pay gets to solve this by offering crypto services which covers the 17% and there’s gonna be a 24% currency drop. Yeah, we basically solve that by holding stable coins. Yeah, Nexus we of course use blockchain where you get to integrate with local currencies like M-Pesa. So how it works? We use for numbers, for transaction, local currency to USDC processing.

1:08We, on the roadmap, we have Tab2Pay where first term is in the process. The market opportunity that we have, the growing mobile money market where the youths right now wanna get paid in crypto and spend it in crypto. We cover that market. Of course, I’m in Kenya. My mom or a friend wanna send me cash from Kenya to Ethiopia. That’s covered. There’s digital payment shift, which currently up to 40 billion. One minute. One minute, okay. Product features, send pay, merchant, microloans. Our business model, we make money through transaction charges, interest from microloans, API access, cross-border Competitive analysis, of course we use blockchain We have efficient model for cross-border payments through the infrastructure

2:07We have transparent, yeah, every transaction is on-chain Competitive advantage, like I’ve said We’re covering the gap that M-Pesa has, ShipperPay and PayStack, Traction, we’ve launched, we have an active user base on the market, financial projection, these are target growth by task, the ask, we’re asking for $500,000 from local investors and $2 million from global investors. That’s their team