I have been using wala for about a month now. For those who don't know about wala, i wtote a post about it way back think you can check it out or even go to this site.
Apparently they have a refferal program for new members which i will get to in a second.
But for now if you look back we realise that we have lost alot of fees in the micro payments we make everyday. So wala came to solve that.
Recently, like some of you have been using wala, they have their medium of transaction called Dala.
Basically a dala is equivalent to about 360ugx which is about $0.094.
Making quick free payments has been so hard for some people and so wala comes to show the world that it is possible for such payments in the remotest of the places around the world.
So we see that using cryptocurrency has made alot of things much easier especially in the economy of many african countries. This south african based innovation tries to even tackle the cryptocurrency investment sector. You can buy their cryptocurrency which due to price fluctuations one can be able to make profits. With time to come who knows their cryptocurrency will be alot more than it is right now.
Guess with it's convenience amd such more possibilities one can reasonably give it a try.
As you thought it just starts up.
Wala has now more than 100, 000 merchants offering goods and services through their platform. Users are able to not only buy air time, but also pay for services such as paying for electricity bills, paying school fees and buying other merchandise using the Dala token. The interesting aspect of this system is that users can transact across 10 markets in three different companies. That means a user in Uganda can pay electricity bill for his household in South Africa.
On the ethereum insight, as we see a come about of a fully decentralized platform.
With Ethereum transaction fees ranging from $0.17 to $4.15, Wala’s microtransactions could have been very expensive and thus not viable. This technology has helped lower down this fee to almost nil. Wala receives all the users’ payments and batches them on to the Ethereum blockchain. Wala meets the transaction fee incurred from these transactions using the capital raised from the ICO and from the venture capital.
https://bitcoinexchangeguide.com/meet-wala-african-ethereum-cryptocurrency-micro-payments-startup/
For now Wala controls all transactions, speed, and charges.
Basically it's acting as the mideman between the customers and the Ethereum blockchain.
Hoping for even more, will keep you posted.
