The advent of free will giving has been with us since the inception of time, a system that is forever going to be with until the end of time.
But freewill giving is not enough as there must be surety of what you are doing and who you are about to help is the right person to receive is the rightful person to be a beneficiary of what is been given.
It is sad to note that across the world an estimate of 40% of the annual total donations reaches its rightful beneficiaries. Especially in Africa a good part of the over $50billion donations sent to the continent ends up been used for Transaction fees, bank paper works, and other bureaucracies with the leads taking advantage of most of the giving to enrich themselves.
A bigger part of the issue is the distrust that had engulfed the charity system due to the influx of Fraudulent Charity homes and NGOs in the African continent. Other issues are that of the High transaction fees that are recorded during a transfer of funds from a donor to a beneficiary.
This, therefore, calls for a better and sincere regulator or a product that will bridge the gap between the donor and the beneficiary, also, a way to provide trust (what is sent is actually what has been received), there will be a system to do away with the high cost of transaction fees.
The invention of Blockchain technology has proven that there is the tendency of moving every sector of our day to day life to the tech to provide all the comfort that everyone needed. Truly Blockchain technology has been by far the best and it is providing and working the mandate it was made to hold.
BITSIKA
BitSika allows you to send donations directly to anyone anywhere in the world or with the main emphasis placed on the African Continent. Bit Sika enables you to send donations using Bitcoin to Africans directly. With our Direct-To-Recipient protocol, each recipient receives your donation on their mobile phones quickly, transparently and at almost no cost. Recipients get money directly on their mobile phones, no matter how basic the phone. Bit Sika runs on USSD (text-based mobile interface), so recipients even without the internet (featured phones) can register on the network, receive donations, send money to other numbers and convert to their local currency (Mobile Money). It is intuitive for everyone to use.
Bitsika comes with an optional closed loop network which gives the donor a restrictive power to decide where he/she prefers for the funds to be spent. A donor can choose for his donations to be spent for Educational purposes, Agricultural purposes or for in-land donations. This goes a long way to make sure donations are used for the right purpose.
BitSika, deals with Speed (Recipients receive their money as quickly as possible. As soon as bitcoin is received, it is converted to local currency and distributed to phone numbers via Mobile Money),
TRANSPARENCY
Every donation is viewable on the public Bitcoin blockchain. Each API call to the Mobile Money services that convert Bitcoin to fiat can also be traced. One can also confirm by contacting the recipients on their phone numbers.
COST
Bitsika only charges a negligible cost of 0.5% for its services. BitSika also assures that 97% of the money gets to the recipients.
Led by a group of Young Africans and Supported by Binance Labs Bitsika seeks to become one of the forces to help change the story of Donor support in Africa.
For more Visit: BitSika.Africa
Twitter: @Atsudavoh
Email: [email protected]
Telegram: https://t.me/joinchat/HpZSlBezu_dt46yGTpj6uQ
Whitepaper: https://bitsika.africa/whitepaper