South African-founded Centbee has partnered with nChain, a Web3 and blockchain technologies firm, to strengthen its blockchain payments technology offerings.

The company announced the partnership in a statement, saying the alliance will supplement Centbee’s technical team with nChain’s specialist software development team who are experts in the BSV blockchain and other services.

The agreement will significantly strengthen Centbee’s technical skills, leveraging its experience in BSV blockchain technology, says the company.

According to Centbee, the BSV blockchain is the fastest public ledger with the capability to support over 50 000 transactions per second.

It says: “Each transaction can facilitate smart contracts, transfer a secure token or create an immutable record. BSV is a digital asset that allows users to send and receive money instantly, anywhere in the world.”

Centbee provides a consumer digital wallet (downloaded more than 100,000 times from the app stores) that leverages this technology to make sending and receiving money easy, fast and low-cost.

In addition, it says, Centbee is one of the few services that enables consumers to easily spend the BSV in their wallet, by making thousands of digital vouchers available to purchase in over 100 countries.

Centbee recently launched the ability to send remittances from anywhere in the world to West and East Africa.

Now headquartered in London, United Kingdom, with offices in South Africa, Centbee was founded in 2017 by co-CEOs, Lorien Gamaroff and Angus Brown.

Gamaroff said: “We are very pleased to be collaborating with another leading BSV company to build the future of digital payments. The software development team will focus on building blockchain technical integrations for remittance, fiat-to-digital currency on-ramps and off-ramps and offering loyalty rewards as a service on the BSV blockchain.”

Christen Ager-Hanssen, CEO, nChain Group, added: “By working together, we look forward to strengthening the BSV ecosystem’s suite of products and services to create real value and make the BSV blockchain the number one choice when it comes to digital payments for consumers and businesses.”