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Fuse is excited to announce a new partnership with Shimi Cash – a user-friendly app for borderless, accessible, and efficient cryptocurrency transactions in Nigeria. Onboarding Shimi Cash to the Fuse blockchain will create a more seamless experience for crypto users, bringing forth the future of finance.
Designed to simplify crypto and lower the barriers of entry to decentralized finance is at the core of the Fuse network. Shimi Cash’s integrated approach to cryptocurrency transactions aligns with our vision for building a truly global financial network for experienced and novice users who want a layer of protection against fiat devaluation.
Africa’s evolving economic landscape is characterized by persistent inflation and a surge in digital transactions. Cryptocurrency adoption is surging as more people seek a stable and more secure way to manage their funds. However, the learning curve for blockchain-based solutions remains too steep.
Shimi Cash comes at a moment when the natural evolution of DeFi has reached a stage where we need a fusion of decentralized wealth storage, utilization, and transfer accessible to everyone. With a focus on convenience, security, and accessibility, Shimi Cash meets the escalating demand for better foreign exchange rates and avenues to mitigate local currency devaluation risks.
The partnership between Fuse and Shimi Cash fills the gap between decentralized products and seamless centralized user experiences for swift saving, sending, and receiving of funds. In addition to bridging the centralized and decentralized space, Shimi Cash provides ample interoperability from a single point of access, such as peer-to-peer secured trading, near-instantaneous settlement, and linking a phone number or email address to an account.
Shimi Cash’s secure crypto and USD accounts address the issue of fluctuating exchange rates, offering a stable solution without monthly fees or minimum balances. This empowers users with instant cross-border money transfers within minutes, making financial transactions more predictable and reliable.
Integrating Shimi Cash into the broader Fuse ecosystem can open the crypto space to millions of users as it addresses the biggest issues in finance – intuitive user experience, reliable service and greater control over and protection of assets. With Shimi Cash, users can manage and use their assets (both fiat and crypto) on their own terms across borders and without hassle.
Fuse’s infrastructure supports these solutions by providing a robust network that facilitates seamless transactions and offers a full ecosystem of financial services, apps, and protocols. This partnership will lower the entry barrier into a sector meant to appeal to the underbanked and the unbanked — with zero requirements for technical knowledge and faster transactions.
Additionally, Shimi Cash includes a rewards feature that enhances user engagement and provides further incentives to join the Fuse ecosystem. Users can enjoy full transparency and control, allowing their money to go where they want it to, whenever they want.
We’re confident this partnership will revolutionize the way users interact with blockchain technology, making it more accessible, efficient, and user-friendly for everyday transactions.
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