Paycorp, an international payment company based in Southern Africa, has introduced an innovative app called "Crypto Express." With this app, South Africans can now withdraw their cryptocurrency as cash at ATMs, creating a seamless bridge between the digital and physical financial worlds.

Headquartered in Southern Africa, Paycorp operates in nine different countries with over 400 skilled employees. According to Steven Kark, Group CEO of Paycorp, the company's goal is to connect more people to their money and more businesses to their customers.

Launched on November 15, 2023, Crypto Express allows users to integrate any crypto wallet and convert their crypto to cash. Over 3000 crypto-enabled express ATMs have been deployed across Southern Africa, providing accessibility to both urban and rural areas.

This app is available on both IOS and Android devices and includes a map feature guiding users to the nearest ATMs.

Security is a top priority, with strong encryption in place to safeguard users' transactions.

How does it work?

To withdraw cash,

1. Users must first log in to Crypto Express and sign up,

2. Integrate the app into their regular crypto wallet,

3. convert their crypto to cash after authorization from their regular wallet.

4. A voucher pin is generated by Crypto Express, allowing users to withdraw cash in South African rand at any cash express ATM using the voucher pin and their phone number.

Cashouts are currently available in Bitcoin, Ethereum, USD Coin, and Tether.

And you don't need to bother about the locations of this ATM because According to Steven Kark, "these ATMs are strategically located at formal and informal retailers, forecourts, and hospitality locations, ensuring easy accessibility for the majority of South Africans". check

Benefit of Crypto Express in Africa

In developed regions, the adoption rate of cryptocurrencies is slow, hampered by the traditional financial sector. Meanwhile, in Africa, these currencies are being readily adopted. This is because they enable African populations to leapfrog traditional banking institutions, and Crypto Express is just one of the ways.

Crypto Express would create more avenues for other Africans to bring up more innovation, thereby promoting the growth of African countries. Here's how:

1. Promotion of Cryptocurrency Adoption:

Crypto Express contributes to the growing adoption of cryptocurrencies in Africa. With countries like Kenya, South Africa, and Nigeria leading the way, this app encourages more Africans to join the blockchain world, fostering cryptocurrency usage across the continent.

2. Alternative to Banking Irregularities and High Inflation:

Crypto, being a decentralized currency, provides immunity to government regulations. Crypto Express offers a viable alternative to the challenges posed by high inflation rates and centralization in local banks, providing a seamless and reliable cash-out option for African citizens.

Paycorp's Crypto Express emerges as a pioneering solution, bridging the gap between traditional financial systems and the evolving world of cryptocurrencies. With its user-friendly interface, widespread accessibility, and security measures, Crypto Express not only facilitates crypto-to-cash transactions but also contributes to the broader adoption of cryptocurrencies across Africa.