
<p>Businesses or entrepreneurs looking to find a specific opportunity in this space need to consider <a href="https://www.bsvblockchain.org/features/micropayments" target="_blank" rel="noopener">how they can integrate micropayments</a>, says <a href="https://www.centbee.com/" target="_blank" rel="noopener nofollow">Lorien Gamaroff, CEO of Centbee</a>.</p>



<p>&#8216;If you can find a way of creating a business that leverages the low-cost transactional nature of the BSV blockchain, there will be much fruit in that space. <a href="https://www.bsvblockchain.org/news/flipping-paid-advertising-by-incentivising-app-users-with-bitcoin-microtransactions" target="_blank" rel="noopener">Centbee is very excited about this in particular</a>.</p>



<p>&#8216;For this to be successful you need to leverage the transparent power of the blockchain and see how we can still follow compliance when it comes to money laundering and terrorism checks.&#8217;</p>



<p>Gamaroff also warned developers to be cautious of social media and concepts such as decentralisation which has been somewhat warped by the discussions around crypto assets.</p>



<p>&#8216;<a href="https://bitcoinsv.academy/blog/clearing-up-misunderstandings-about-bitcoin-decentralisation" target="_blank" rel="noopener">Decentralisation</a> doesn’t mean becoming unstoppable, uncensorable or uncontrollable. Those are the narratives that exist on social media and have unfortunately really stunted the growth of blockchain-based companies.</p>



<p>&#8216;Regulators who are not informed about these things hear about it on social media and decide that they won’t allow this thing that they cannot control or have oversight over.&#8217;</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Business opportunities, micropayments and working in BSV" width="500" height="281" src="https://www.youtube.com/embed/Asjkl7FvdDE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<h2 class="wp-block-heading" id="h-the-centbee-wallet">The Centbee wallet</h2>



<p>Perhaps the best demonstration of BSV and the power of a low-cost digital cash payment network that is regulatory compliant is the <a href="https://www.centbee.com/" target="_blank" rel="noopener nofollow">Centbee wallet</a>. The wallet makes it easy for users to shop across dozens of stores worldwide and offers a variety of ways to transfer money.</p>



<p>&#8216;We know that central banks around the world are pushing for a cashless society. For us, that may seem impossible or scary, but it is inevitable, especially as mobile devices and data networks continue to proliferate. What we see here is how BSV blockchain can actually make that a reality because of all of its wonderful properties.&#8217;</p>



<h3 class="wp-block-heading" id="h-remittances-and-instant-transfers"><a></a>Remittances and instant transfers</h3>



<p>Centbee&#8217;s cross-border remittance features also enable foreigners living in South Africa and other parts of the world to send money back to their homes in Africa at a low cost.</p>



<p>Remittances worldwide amount to over a hundred billion dollars per year and are the lifeline that emigrants use to support their loved ones back home. Millions of mothers, grandparents and family members rely on these to pay school fees and rent and buy groceries.</p>



<p>Emigrants often struggle to access financial services in their new country, and cross-border remittances in Africa are the most expensive in the world. Significant venture capital has recently flowed into fintech remittance businesses, which are addressing this problem.</p>



<p>&#8216;It is now very easy to send money home back to loved ones if you are travelling abroad or living away from home.&#8217;</p>



<h3 class="wp-block-heading" id="h-one-blockchain-to-rule-them-all"><a></a>One blockchain to rule them all</h3>



<p>The world is seeing a repeat of the internet of the 1990s as a proliferation of different blockchain protocols are working at cross-purposes from one another. However, looking back at what happened during the internet bubble, we are heading towards a world with a single blockchain that acts as a communication network, said Gamaroff.</p>



<p>Gamaroff said that BSV blockchain is poised to form the bedrock of this development going forward as it acts as an extremely scalable and low-cost blockchain network. He added that credit card networks were never built for the internet as transactions are too expensive, making it impossible for business models focusing on low costs to develop.</p>



<p>&#8216;That is the promise of BSV blockchain &#8211; and we see it in action today.&#8217;</p>


Businesses working in BSV should look at these areas for opportunities

Ready to add blockchain solutions to your business or government agency?

Get this ebook

The BSV blockchain an enterprise cybersecurity framework (eBook)

Your introduction to the Metaverse (eBook)

Revealed: The fallacy of private, permissioned blockchains

What is Blockchain? (eBook)

A comprehensive approach to blockchain energy efficiency 

Engineering a Smarter and Greener Financial World with Tokenovate

Get this report

The BSV Blockchain Barometer Report 2023

Grow your knowledge now

Revolutionising agriculture in the digital age

Examine blockchain-powered law enforcement

Innovating Justice

Restoring the promise of enterprise blockchain (eBook)

What the BSV blockchain is and why it is the infrastructure for the data economy (eBook)

What is Bitcoin? (eBook)

BSV Blockchain Resources

Useful eBooks to download

View all videos

How blockchain is changing money and data forever | RAK VIP Reception 

Showcasing BSV blockchain Applications & Products | RAK VIP Reception

Creating a new financial system in Uganda | In the Spotlight – Reginald Tumusiime

How VXPASS uses the BSV blockchain to keep people safe | In the Spotlight – Dr Katherine Lephoto 

Videos

Hear experts talk about the BSV Blockchain

Download package

Branding Materials

Join Our Community

Learn

Build

Network

Enterprise

Community

Company

Association