Mazzuma, the mobile money payment company has introduced the Mazzuma token, which will be the key payment medium in the Mazzuma ecosystem.
In the past couple of months, cryptocurrency has been making much of the headlines, with the debate in Africa being centered on whether cryptocurrencies can be a major role player in our finance markets. A number of startups are starting to use cryptocurrencies in services that they provide. One of such is Mazzuma, the mobile money payment system which uses a distributed secure infrastructure and cryptocurrency in their seamless payments system.
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On the Mazumma platform, transactions made will be instantaneous, as well as free of transaction fees.
There’s an ongoing sale of the Mazzuma token which is to last throughout the month of July, having started on the 1st and will end on July 31st. This is the second sale as there was a previous private sale of the Mazzuma tokens.
The company expects to list on cryptocurrency exchanges in the 3rd quarter of this year, 2018.
In order to make the Mazzuma token viable in e-commerce, Mazzuma will provide plugins for platforms such as Woocommerce and Prestashop, which will be made available for online shops to integrate – in order to facilitate their acceptance of Mazzuma tokens for payments.
With Ghana still being in the early stages of its adoption of cryptocurrencies – compared to other countries, it would be hard to guess if the Mazzuma token would be a hit. However, by listing on the crypto exchanges, it will be generating a lot of interest, and such international interest and attention could definitely help the cause.
There’s a white paper Mazzuma has put out, that you can read here, which details the company’s new payment system more comprehensively.
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