Bitcoin Cash House Ghana - Update

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Avatar for Koush
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1 month ago

Best News first

Great news, everyone. We found an individual liquidity provider, enabling the BCH House in WA, Upper Region, to exchange BCH to Ghana Cedis and vice versa. With this contingent of liquidity in our back, we are ready to start the operations for our pilot project next to our hub and provide the necessary easy and fast on- and offboarding for every signed up merchant and interested customer. This unlocks many possible service modules, one of which I want to introduce you below:

Providing Business Opportunities to Money Changers

Mobile Money Services flourishing in Ghana. However, BCH is still cheaper and easier to utilize

With that, we can begin piercing into the Mobile Money niche, signing up interested money changers as dedicated payment partners. These partners, providing a very similar product as mobile money services, will remit customer money easier, safer and still cheaper than the usual services. The process is pretty straightforward:

  • Customer in Wa pays money changer in local fiat in order to transact the equivalent to Tamale.

  • Money changer sends BCH to dedicated payment partner in Tamale, includes necessary information

  • Tamale payment partner keeps BCH and gives out the funds to payee in local fiat

There is a bit more to all that, including the BCH House acting as a possible exchange of our partner's BCH to Ghana Cedis or referring them to sideshift for USDH. This money transfer service is the first module we introduce on top of our basic exchange capabilities, unlocked by the support of our liquidity provider.

With this pilot, holding the project name Safarri, we're creating a database of partners and suitable industries. It will also help in gathering merchant and customer feedback, enabling us to make out the actual demand and maybe distinguish different needs for financial services or tools.

To be ready for operation once the liquidity is in at the end of February, the next steps in the coming 15 days will include:

  • Tutoring the newly signed up payment partners on the process and also educating them about the use and acceptance of USDH for easy safekeeping of funds in fiat

  • Creating and listing cashaccounts for merchants based on location

  • Designing website on bchghana.org and providing a map for customers to locate all available payment partners in the region

  • Hosting a meetup to celebrate the official start of operations

The BCH House is standing, fully operational working space at the 1st of March

The house is painted and the BCH sign is installed and already attracting people, who are interested in investing in BCH. It's a good sign (no pun intended), that there are already people out there, who don't have to be convinced to open up to cryptocurrencies or Bitcoin Cash. And we are their perfect contact to get started right away.

Yet, while everything is almost ready, the house still remains without furniture and internet access.

In the next few days, I will fund the furniture basics, like tables and chairs to provide workspace as well as meetup seats. All in all it will cost around 250$-300$ to provide for these. We will have three foldable 8 seater tables and 30 chairs to fill out the last bit of space in the house when needed either for meetups or as dev hub.

We will also have to install an internet connection, which will cost us exactly 75$ for a whole year.
In order for the attendees of the upcoming BCH House "opening" meetup to be able to receive their first Bitcoin Cash, USDH or Lead transaction, we want to have the WiFi installed until the end of February. So that we can fully commence first operations as soon as 1st of March and be ready to host our next BCH meetup at Saturday, 14th of March. If you want to support us in getting WiFi setup in the BCH House before the deadline, please read below.

Wanna help us connect to the Internet?
Check out our mini fund and honoring Safarri token:

So, you are interested in bringing internet connectivity to our House? A worthwhile effort, right? That's why every tip to this article will go towards Bitcoin Cash House funds to pay for its internet connection.

What do you guys think, will we be able to scrap together 75$ before the end of the next week, so we can provide a real crypto workspace and a stable internet connection for the oncoming meetup? If so, I have a little token of appreciation for you, so that none of you come out empty-handed.

We have a lot of things planned for the near future. Of course, this includes a more sizable funding campaign based on token shares once we set up a bigger business module that would require bigger capital investment.
And here is the thing: Everyone who tipped this article, based on the amount and proportions of the donation and also on the success of hitting the 75$ target will get Safarri tokens from us.

At first these tokens may not mean much more than an honoring badge. But based on how big our project gets over time, we will find a way to reimburse your active support, when it was needed the most, in future funding campaigns and SLP dividends. For example, these honoring tokens might be redeemable for future campaign tokens down the road. I will leave the details open for now, but the concept of reimbursing direct supporters utilizing honoring tokens in one or another way is a certainty for me.

Simple campaign rules for the internet mini-fund

This mini funding campaign starts by the time this article is published until coming Friday, the 21st. After that time period, a supply of honoring tokens will be produced 1:1 for every dollar donated (75$ would mean 75 Tokens). These will be distributed based on the donations made. Donations made after that time period may be disregarded in token distribution. If we, however, manage to get over 75$ within the set time period, all excess donations will be included as well.

Please comment or DM me your SLP address (Eventually reference your donation made on this platform, when messaging me directly), so I can send you the equivalent tokens.

You can also become a dedicated sponsor and get a token of appreciation this way as well. You will get a set amount of Safarri tokens every consecutive month of sponsorship.

Sponsors of Koush
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More details about the Safarri remittance project, what its name means, why it is written with two r's and which alternate official name we chose for the public, as well as a closer look at the management of our payment partners, in the next update.

Thank you for your interest and participation.

$ 255.38
$ 100.00 from @GeorgEngelmann
$ 75.00 from @huckfinne
$ 21.88 from @Kid_Charlemagne
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Comments

Very good progress for bch community

$ 0.00
2 weeks ago

Thanks for the post

$ 0.00
3 weeks ago

Thanks for the post

$ 0.00
3 weeks ago

Wow this is a great improvement, I saw this on one the crypto news that I subscribed to and I know it’s your job, and I had to visit here immediately.

Thanks for your hardworking, please remember Nigeria, remember me also.

$ 0.00
1 month ago

Hi

$ 0.00
1 month ago

Good luck you are doing good job .

$ 0.10
1 month ago

Awesome! simpleledger:qq3etujwsrvaxea833n55pymf5gqlwv5dvelpcwska

$ 0.00
1 month ago

Extraordinary work, congratulations, BCHhouse in Africa will be a strong movement and you will be the pioneers as well as we in America...

$ 0.00
1 month ago

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$ 0.00
1 month ago

good luck

$ 0.10
1 month ago

simpleledger:qqgw39h7ccrfa88jj98a36wwh9eggz8j259pyum4t7

Would be delighted to give you BCH every month via Mecenas.

$ 0.00
1 month ago

Thank you huckfinne. This is greatly appreciated. Please tell me, if there is anything I have to provide for you to set it up?

Let's have a chat. I'd be delighted to talk to you about it. You can find me on telegram via this contact: @Kronkmeyster

$ 0.00
1 month ago

simpleledger:qqmj0l2hdzkkftcn9d03qjm3rglkqv4fky5zhezjwp

$ 0.00
1 month ago

its really perfct

$ 0.10
1 month ago
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