Bitpowr is excited to announce the addition of Arbitrum to its supported blockchain infrastructure, further enhancing the platform's capabilities. With this expansion, businesses can now seamlessly interact with Arbitrum's innovative, EVM-compatible protocol, executing transactions off-chain for faster processing and considerably lower fees compared to Ethereum

### **Exploring Arbitrum**

Arbitrum stands out as a [Layer 2](https://bitpowr.com/blog/ethereum-layer-2-latest-solutions)  EVM-compatible protocol designed for building scalable and efficient decentralized applications on Ethereum. The technology is developed by Offchain Labs, a startup founded by a team of experienced blockchain developers. Arbitrum is designed to address the scalability and efficiency challenges of the Ethereum network by enabling developers to create smart contracts that can be executed off-chain. This approach reduces gas costs and increases transaction throughput, making transactions faster and cost-efficient—up to 270 times lower fees.

Arbitrum is built on top of Ethereum, which means that it is fully compatible with existing Ethereum tools and resources. This compatibility allows developers to leverage existing infrastructure and tools to build decentralized applications on Arbitrum. The technology is also designed to be user-friendly, making it easy for developers to understand and work with the technology.

One of the key features of Arbitrum is its ability to support a wide range of smart contracts. This means that developers can create complex smart contracts that can be executed off-chain, reducing the load on the Ethereum network. Arbitrum also supports a range of programming languages, including Solidity, which is the most popular language for writing smart contracts on Ethereum.

### How can you access Arbitrum on Bitpowr?

To access Arbitrum on Bitpowr, please [sign up](https://bitpowr.com/contact-sales) here if you are a new user. 
If you already are a business user on Bitpowr, you can now start interacting with Arbitrum via the Dashboard and build applications via our API.

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Bitpowr Integrates with Arbitrum

We are happy to announce that Bitpowr has integrated with OP Stack to support low-cost and lightning-fast Ethereum L2 blockchains such as the Optimism mainnet and Base L2. This integration will bring several benefits to businesses building on the Optimism network, simplifying the development process, improving scalability, and enhancing security for your blockchain applications. 

### What is OP Stack?

The [OP Stack](https://docs.optimism.io/stack/getting-started) is a modular, open-source blueprint for building highly scalable and interoperable blockchains. It promotes extensibility, allowing developers to build custom blockchains tailored to specific user needs.

 It is simple and easy for developers to understand and work with the technology.

The Superchain built on OP Stack allows web3 projects to build optimistic Rollups that enable seamless interoperability between different blockchains. 

The stack significantly improves performance and efficiency by moving most of the computation off-chain, reducing gas costs, and increasing transaction throughput.

Its full compatibility with the Ethereum Virtual Machine ensures that existing tools and resources can be leveraged.

 The decentralized nature of the OP Stack encourages community collaboration, ensuring the continued growth of the ecosystem.

The OP Stack serves as a solution to tackle congestion issues on the Ethereum mainnet. It stands as the open-source foundation driving the Optimism ecosystem, specifically crafted to bolster the Superchain.

### What is Optimism Mainnet?

The [**Optimism mainnet**](https://help.optimism.io/hc/en-us/categories/4413025590427-Using-OP-Mainnet) is a Layer 2 scaling solution for Ethereum, designed to provide faster transactions at a fraction of the cost, addressing Ethereum's scalability issues. It operates as a Layer 2 network on top of Ethereum's architecture, acting as a minimal extension of the main Ethereum layer. The main benefits of the Optimism mainnet include improved scalability, increased transaction speeds, reduced gas fees, and consistent security measures and decentralization as the Ethereum mainnet. It is built on the OP Stack and utilizes Optimistic Rollup technology.

### What is Base?

**[Base](https://optimism.mirror.xyz/Luegue9qIbTO_NZlNVOsj25O1k4NBNKkNadp2d0MsTI)**, on the other hand, is Coinbase's Layer 2 network built on OP Stack in collaboration with Optimism. It aims to be decentralized, permissionless, and open to anyone with the vision of creating a standard, modular, rollup agnostic Superchain powered by Optimism. Base offers full EVM compatibility at a fraction of the cost. It is designed to be a scalable and secure platform for hosting blockchain applications and services, with a focus on open source, decentralization, and permissionless access.

### **How to Access OP Stack Networks on Bitpowr?**

To get started with OP Stack on Bitpowr, simply [sign up](https://bitpowr.com/contact-sales) Here. 
If you are already using Bitpowr, you can interact with Base and Optimism via the dashboard or [API](https://docs.bitpowr.com/reference/api-reference).

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Bitpowr Integrates with OP Stack (Optimism x Base)

[Welcome to Bitpowr Cloud.
](https://bitpowrcloud.com/)

In a rapidly evolving digital landscape, where blockchain technology stands at the forefront of innovation, developers have faced a common challenge: the scarcity of robust and user-friendly tools. Until recently, the world of blockchain development bore witness to a shortage of mature frameworks and monitoring solutions, leading to prolonged development cycles and painstaking debugging processes.

But the winds of change are upon us, solutions like Bitpowr Cloud, developed with a deep understanding of the challenges blockchain developers encounter, are poised to revolutionize the core of Web3 development tools. 

Bitpowr Cloud isn't just another blockchain toolkit; it represents a significant leap forward for developers. It's an all-in-one solution that promises to streamline the complex process of building and scaling blockchain applications. As the demand for blockchain technology continues to soar, Bitpowr Cloud aims to empower developers to navigate this intricate terrain with ease.

### What is Bitpowr Cloud offering?

**Wallet as a Service (WaaS)**: Managing non-custodial wallets across multiple blockchains has never been simpler. Bitpowr Cloud's WaaS takes the burden out of wallet management, giving developers more time to focus on their core work.

**Monitoring and Webhooks**: Real-time monitoring of wallet addresses and instant webhook notifications for all transactions. With Bitpowr Cloud, developers are always in the know, ensuring a heightened level of control.

**Blockchain APIs**: Access to blockchain data, seamless transaction signing and broadcasting, and effortless deployment and interaction with smart contracts are all part of the Bitpowr Cloud experience. It's a comprehensive toolkit that puts developers firmly in the driver's seat.

### **The Journey Begins**

For developers looking to embark on a Web3 development journey that's straightforward and rewarding, Bitpowr Cloud invites you to step into the stage where building and scaling blockchain applications feels like a walk in the park.

To mark the momentous occasion of our Bitpowr Cloud launch, we're thrilled to extend an exclusive offer to you our valuable customer a generous $100 worth of Cloud credit, awaiting you with open arms when you join us. It's our way of saying thank you for embarking on this journey with us and embracing the limitless possibilities that Bitpowr Cloud brings to your development experience. [Gain early Access here](https://cloud-console.bitpowr.com/auth/signup)

Cloud is live.jpg

Bitpowr Cloud is Now Live!

Traditionally, if you wanted to exchange one cryptocurrency for another, you'd follow a cumbersome process. First, you'd have to convert your cryptocurrency into fiat currency, and then you could use that fiat to acquire the desired cryptocurrency. This method was time-consuming and incurred additional fees.

However, there's now a more efficient way: cryptocurrency swapping. It allows for the direct exchange of one cryptocurrency for another, eliminating the need for intermediary fiat currency. Beyond the evident advantages of time and cost savings, crypto swapping offers a range of other benefits.

In the same vein, Bitpowr has now released the swap feature, it is currently in its beta stage, accessible through our API. This innovative feature empowers users to seamlessly exchange tokens across various blockchain networks.

### Understanding the API Process

To facilitate a seamless swapping experience, Bitpowr Wallet offers two distinct endpoints within the API process.

1. **Get Rate API:**
    - The Get Rate API serves as a rate conversion checker between the two chains involved in the swap.
    - It provides users with valuable insights into the exchange rate before initiating the swap, ensuring transparency in their transactions.
2. **Create Swap Transaction API:**
    - The Create Swap Transaction API is the engine behind the actual swap between the selected chains.
    - It empowers users to execute cryptocurrency exchanges quickly and securely, eliminating the need for complex manual processes.

### How to Swap Between Chains (Case Study of USDT TO BTC)

Let's take a practical example to understand how the chain-swapping process works, focusing on the conversion of USDT to BTC.

1. **Provide Your SourceCurrency Address:**
    - Begin by entering your source currency address, which, in this case, is the USDT address containing the value you intend to swap to BTC.
2. **Specify a Destination Address:**
    - Next, specify the destination address where the newly acquired BTC tokens will be received.
3. **Send USDT Tokens:**
    - Initiate the swap by sending the USDT tokens from your source currency address to the provided USDT address.
4. **Confirmation and Receipt:**
    - Wait for the transaction to process, and once confirmed, you will receive the equivalent BTC conversion value in the destination address you provided to receive the BTC.

**Optional Input - refundAddress**

In the event of any inconsistencies or a failed transaction during the swap, an optional refundAddress can be specified. This address serves as a fail-safe, ensuring that the sourceCurrency is returned to you promptly.

### Conclusion

By simplifying and streamlining the process of exchanging tokens between chains, Bitpowr continues to empower users, making digital asset management more accessible to all. As the beta stage unfolds, users can look forward to a more versatile and user-friendly experience. Stay tuned for more exciting developments from Bitpowr as we redefine the future of finance on the blockchain.

Access this feature right now on the [dashboard](https://docs.bitpowr.com/reference/createswap)
or via our Developer API

Easily convert one cryptocurrency for another, no need for intermediary fiat currency

SWAP Articles.jpg

Bitpowr Unveils On Chain Swap Features

[Vella Finance](https://vella.finance/) provides alternative payment solutions for financially underserved small business owners in Africa by bridging existing traditional payment and remittance gaps with cryptocurrency rails.

With Vella Finance, businesses are able to send money to suppliers and partners in over 80 countries and also receive payments seamlessly from their customers via payment links, invoices, and payment gateway integration.

When Bitpowr's Head of Sales approached Vella, the company was relying on a merchant's in-house Wallet infrastructure for its Blockchain operations. However, as Vella continued to experience growth, they realized the need for a more reliable and scalable solution and Bitpowr was providing it, from there the team decided to give Bitpowr a try and the rest they say is history.

### The Problem 

Vella initially relied on a direct competitor's infrastructure to power their operations. However, as they started to experience growth, they soon realized that their existing infrastructure had limitations in terms of scalability. The increasing demands of their expanding operations outpaced the capabilities of the competitor's infrastructure, creating a challenge for Vella. In response, they opted for Bitpowr a more reliable and scalable solution to support their growing business.

### What services is Vella using from the Bitpowr suite of services

Currently, Vella leverages  

- Bitpowr secure MPC wallet to confidently store and manage their digital assets while still maintaining complete control over their funds.
- Vella also leverages Bitpowr's automated KYT/AML engine to comply with regulatory requirements and ensure that all transactions were legitimate and not fraudulent.
- Our flexible policy also engine allows Vella Finance to customize its security policies to meet its specific needs.

### Vella’s experience so far using Bitpowr

Gabriel Ajenifuja, CTO of Vella Finance, expressed his satisfaction with the services provided by Bitpowr. He highlights the crucial role Bitpowr plays in their crypto infrastructure, enabling seamless global payments for their customers and fostering trust in their services.

Ajenifuja also praises the responsive support from the Bitpowr team, stating that whenever he reached out for assistance via Slack, he received prompt responses to his queries.

The integration process with Bitpowr's robust platform was smooth and hassle-free. Vella Finance seamlessly incorporated the platform into its existing infrastructure without any complications or disruptions. This streamlined integration has saved them valuable time and effort, allowing them to concentrate on their core operations.

Drawing from their positive experience, Vella Finance confidently declares that if they require similar services in the future, they will undoubtedly choose Bitpowr again.

### Gabriel's thoughts on the future of finance for cross-border payment solutions?

The potential is already here, waiting to be fully realized. The main factor that will drive this future is the adoption and approval by government bodies, along with the necessary licensing and regulatory frameworks. Once these elements are in place, we can expect to see widespread implementation of blockchain technology in the financial sector.

From my perspective, the future of finance on the blockchain offers several advantages, including cost reduction, increased efficiency, faster transaction speeds, enhanced security, and greater transparency. These are all critical aspects that can revolutionize the financial industry.

It's important to note that the adoption of blockchain in finance is not a matter of if, but rather a matter of when. The benefits and potential are already evident, and it's only a matter of time before governments recognize and embrace this technology for the betterment of their financial systems.

As we navigate this path, a collaboration between industry players, regulators, and governments will be crucial to ensure a smooth transition and to establish the necessary trust and confidence in blockchain-based financial solutions.

### Conclusion:

Don’t just take our word for it, [Let's have a conversation](https://bitpowr.com/contact-sales) about how we can help you to scale and grow your fintech product today.

Discover how Vella Finance, a global payment infrastructure, is harnessing the power of Bitpowr to enhance and Grow their business operations.

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Bitpowr & Vella Finance 

We are thrilled to announce that we have integrated USDT_BSC on Bitpowr. This means you can now transact with USDT_BSC using your Bitpowr account and power products that can facilitate transactions involving USDT_BSC with our platform.

### **What is USDT_BSC?**

USDT_BSC is a token that represents the stablecoin Tether (USDT) on the Binance Smart Chain (BSC) network. As a stablecoin, USDT_BSC is pegged to the value of the US dollar, which means that its value is intended to remain at a 1:1 ratio with the US dollar. 

Although USDT_BSC is a BEP-20 token (hosted on Binance Smart Chain), its functionalities mirror those of an ERC-20 token (a token hosted on the Ethereum blockchain). This allows USDT_BSC to be used in the same way as Ethereum-based tokens, such as for trading on decentralized exchanges (DEXs) or as collateral for lending and borrowing platforms.

### **What the Integration of USDT_BSC Means for Our Users**

With the integration of USDT_BSC, businesses using Bitpowr will be able to  transact in a stablecoin that is fast, secure, and cost-effective. This will allow them to save on transaction fees that are associated with Ethereum-based tokens, for instance, and reduce the time it takes to complete transactions.

In addition to the benefits of using a stablecoin, USDT_BSC also offers increased liquidity for Bitpowr users. As a widely used stablecoin, USDT_BSC is easily exchangeable on most cryptocurrency exchanges, making it a highly liquid asset. 

This increased liquidity will give our customers more flexibility and options when it comes to trading and exchanging cryptocurrencies.

Overall, the integration of USDT_BSC on the Bitpowr platform represents a major step forward for our customers. By providing a stablecoin that is fast, secure, and cost-effective, we are helping them to transact more efficiently and effectively in the rapidly evolving world of blockchain and cryptocurrency. 

We are excited to see the positive impact that this integration will have on our customers, and we look forward to continuing to innovate and improve our platform in the future.

### **Conclusion**

Bitpowr integrates with over 12 blockchains and supports even more tokens. So if you’re building or running a financial product designed to support blockchain transactions, we are your go to blockchain infrastructure provider. [Let’s chat](https://bitpowr.com/contact-sales)!

We now support USDT_BSC. Read what this means for our users.

Bitpowr Inter usdt-bsc.jpg

Bitpowr Integrates USDT Stablecoin on Binance Smart Chain

We are excited to announce that this month marks one year that Bitpowr has been in business! That’s 365 days of providing extensive and reliable blockchain infrastructure for ambitious businesses across the globe. Thanks to our work, digital asset businesses can launch and scale with minimal effort and cost. And it all began when our CEO, Oyetoke Tobi, spotted an opportunity he couldn’t ignore.

After almost eight years as a software engineer, with about four of those spent in the crypto space, Tobi noticed a crippling problem: startups couldn’t easily build on the blockchain. Existing blockchain infrastructure solutions were either too expensive or too complex to implement, or both. And in some regions like Africa, fledgling companies could hardly find native blockchain infrastructure providers at all. 

The problem statement was clear, and the required solution was unmistakable — the industry needed a modular ecosystem of blockchain infrastructure that businesses could leverage to quickly and affordably launch and scale their blockchain-based products and services. After scores of brainstorming and strategy sessions, a string of audacious experiments, and tons of engineering hours, Bitpowr launched in January 2022.

One year on, and we can say that we are humbled by how far we have come. Here’s a snapshot of what has been an incredible journey so far:

**a. $12 million in processed transactions**

**b. 40 institutional clients onboarded across Africa, Europe, and Asia**

**c. 6m+ API calls**

**d. 30k+ addresses generated**

**e. 1000+ wallets created**

**f. Backed by leading global investors, 500 Global and institutional angel investors**

What a year it has been! We are grateful to everyone who has pitched in to make all this possible, particularly our esteemed clients, devoted team members, and supportive advisors. We recognize how lucky we are to have you on board and hope to continue this with you for decades.

## **Time-out with our CEO and Head of Business**

To mark this special milestone, we had a quick sit-down with our Founder and CEO, Tobi Oyetoke, and Amarachi Amaechi, Co-founder and Head of Business, to get insights on the lessons learnt, challenges faced, and plans outlined so far. Of the top lessons he has learnt in the last year of building Bitpowr, Tobi identified his strengthened conviction that “blockchain is here to stay” as probably the biggest. Blockchain’s potential to solve the current financial system’s latent problems is undeniable and cannot be ignored in the long run.

“Blockchain is here to stay. Just look at the benefit of blockchain when it comes to finance. The current financial system is plagued by many restrictions, making it harder for businesses to go global, but that’s where the blockchain comes in. It ensures that businesses have access to financial services regardless of their location. We deal with the financial aspect, which has helped me see the promise of the blockchain more clearly,” Tobi said.

According to Tobi, further recognizing the blockchain’s potential to revolutionize the financial system has helped him note something equally important: the need for the industry to be regulated. “Don’t get me wrong, regulations in terms of ensuring that bad actors do not take advantage of people’s enthusiasm easily so that people don’t lose money. You can see how FTX affected a lot of businesses and individuals. So there’s a need for regulation so that blockchain can be more widely accepted,” he noted.

Running Bitpowr has also helped Tobi better grasp the complexity of managing a product of this scope. Here’s how he describes this: “Bitpowr combines multiple blockchains and tries to make it easier for you to connect to them. If you want to use Bitpowr now, you just have to call one or two APIs and technically, you’re done. But we have to have our hands on thousands of things on the backend to make that possible. It’s why many blockchain products are complex, but for the industry to increase adoption, there’s a need for better UX. And this is something that has become clearer from my experience with Bitpowr.”

Despite being a highly fulfilling and insightful experience, building Bitpowr hasn’t been without its challenges. Amarachi was quick to note how difficult it was to get people to trust Bitpowr in its early days. 

“We were like one of the first sets of people building wallet infrastructure in Africa, but by the time we came on to the scene, most blockchain businesses in Africa and beyond were already plugged into the big-name infrastructure providers. Getting such businesses to trust us was difficult, but with time, we gained some traction. One client became two, and two became three and on and on. And now people believe that whatever they can get outside Africa is also available here,” Amarachi explained.

For Tobi, being the final decision-maker can sometimes put a strain on him as he tries to balance making the best decision for the business and its people. Also, selling the company’s vision and getting people on board isn’t always a walk in the park. And on top of that, Bitpowr, like other blockchain-focused companies, has to contend with the talent gaps present in the relatively nascent blockchain space.

Looking back has helped us appreciate our progress, but it has also enabled us to spot the next frontiers we would love to explore. On some of the exciting things already in the works at Bitpowr, Tobi said, “One of the things we want to focus on going forward is to build better self-custodial solutions. Right now, we provide self-custody digital assets infrastructure, but it’s not where we want it to be yet. There are a lot of things we are looking to improve on to ensure that our clients have full control over their assets and security.” 

But we aren’t stopping at businesses, per Tobi’s comments; we will also look to provide self-custody solutions to high-profile individuals. “High-profile individuals are those with large sums of assets who want to protect their digital assets. We are trying to provide services to them to ensure they don’t lose their funds or access to their wallets. One of the ways to solve this problem is ensuring that there are no single access keys and single point of failure to a wallet, and that’s already being taken care of by our MPC and Multi-Sig Wallets for businesses, but we’d like to extend this to high-profile individuals too.”

Beyond this, we are also looking at enabling businesses to easily embed blockchain-powered financial services, according to Tobi. “Apart from being the AWS for Crypto, one of our missions is to ensure we provide the modern infrastructure for businesses to leverage financial services on the blockchain. We are already looking at providing a digital wallet that can enable anyone to embed financial services into their product using both crypto, stablecoins and fiat-backed digital currencies,” he noted.

Tobi and Amarachi expressed their unreserved gratitude to all of Bitpowr’s stakeholders and called for even greater support going forward. According to them, while we are one step closer to our ambitious vision, there’s still so much ground to cover. In Amarachi’s words, “Our goal is to be the underlying infrastructure for the majority of the crypto businesses in Africa and beyond. We want to power the onboarding of the next billion crypto and DeFi users, so we keep building.”

Find out how far we have come in one year.

Bitpowr Journey.jpg

Celebrating One Year in Business!

We are delighted to announce the launch of more Stellar Trustline Support assets on Bitpowr. This means you can now enable, store, receive and send multiple Stellar blockchain assets directly on Bitpowr.

### **What is a Trustline On Stellar and Why Does it Matter?**

According to [Stellar](https://developers.stellar.org/docs/fundamentals-and-concepts/stellar-data-structures/accounts#trustlines), “a Trustline is an explicit opt-in for an account to hold and trade a particular asset.” This means to receive, hold or trade any asset on the Stellar network apart from Stellar’s native token, lumens (XLM), you have to set up a Trustline. By establishing a Trustline, you indicate that you’re willing to accept a particular token and the amount of that token you want to hold.

To better understand how Trustlines work, you need to know what an anchor or an issuing account is. Anchors are entities, either individuals or organizations, that issue assets on the Stellar network. 

Anchors typically receive deposits of fiat currency or other real-world assets, issue an amount of tokens that represent the value of the deposits, display your token balance on Stellar’s ledger and approve withdrawals for the issued tokens. So when you hold an asset on Stellar, you’re holding “credits” from the issuer which you can either transact with on the network or return in exchange for fiat currency at any time.

To be able to trade, store, send and receive an asset on Stellar, you establish a Trustline with the anchor’s (issuer) account, which is the issuer’s Stellar account that created the selected asset. That way, you’re enabling your wallet to transact with that specific asset issued by that particular entity on Stellar.

Stellar Trustlines operate a little differently from the token sending and receiving process on Solana. On Solana Blockchain, the token receiver can create an associated token account to receive a specific token or the token issuer could fund the creation of the account on their behalf. 

With Trustlines, you can avoid receiving unwanted tokens since you get to indicate what tokens you’re willing to accept. Also, you can choose to interact and transact with only tokens issued by the most trustworthy anchors.

### **Live Stellar Blockchain Assets on Bitpowr**

Based on the recent updates, you can now enable, save, receive and send the following assets on the Stellar blockchain on Bitpowr:

**1. Stellar (XLM)**

**2. USDC (XLM)**

Note: USDC is currently pegged to several blockchains on Bitpowr including, Polygon (USDC_MATIC), Tron (USDC_TRON), Solana (USDC_SOL), Binance Smart Chain (USDC_BSC), and now Stellar (USDC_XLM).

**3. EURC (XLM)**

We are working hard to grow this list daily and expand your options.

### **Add Trustline Assets Via API**

Click [here](https://docs.bitpowr.com/reference/addtrustlineassets) to read the documentation on how to add Trustline Assets to your Bitpowr account via API.

### **Do More on Bitpowr**

With this latest update, we’ve successfully expanded our token support. That way, you can explore more Stellar-network based opportunities and offer more options to your customers. If you haven’t integrated with our unified ecosystem of blockchains, [let’s chat](https://bitpowr.com/contact-sales)!

See the updated list of Stellar Trustline Support assets available on Bitpowr.

Bitpowr x Stellar.jpg

Enable More Stellar Trustline Support Assets on Bitpowr!

### **Bitpowr & Celo**

You can now directly transact, store, transfer or build with Celo (MAINNET, TESTNET ) on Bitpowr. 

1. Bitpowr also provides token support with CELO, cUSD, and cEUR for retail customers through Rest API.
2. You can also store and transfer CELO, cUSD, cEUR from your Bitpowr Vault.

**How does Celo Work on Bitpowr?** 

- For Instance, User A is a user on Bitpowr and he wants to send Celo to User B
- The acceptance criteria is that User A must have his Celo asset to be funded.
- User A will then request for User B Celo address.
- User A will now proceed with on-chain transaction of the amount of Celo he chooses to send to User B.

These criteria works also for cUSD and cEUR on Bitpowr

### **What Is Celo?**

Celo is a platform that enables mobile users all over the world to perform easy financial transactions using cryptocurrency.

It uses a consensus algorithm based on Proof-of-Stake (PoS). In comparison to Proof-of-Work (PoW) systems such as Bitcoin, this eliminates the negative environmental impact and allows users to perform transactions that are cheaper, faster and immutable transactions.

Celo Mento stablecoins are Celo Dollars (cUSD), Celo Euros (cEUR) and Celo Reals (cREAL). These stablecoins allow you to share value faster, cheaper, and more easily. They instantly unlock access for everyday uses like low-cost remittances and cross-border payments, global distribution of charitable aid, effortlessly paying online, or transferring value within exchanges, particularly in markets subject to currency volatility.

Celo gives you the tools you need to easily integrate DeFi into your existing mobile app or blockchain business. Using their worldwide financial infrastructure, you can receive payments, send payouts, and manage all of your DeFi needs.

 [Get started with Celo here](https://bitpowr.com/contact-sales)

Bitpowr x celo.jpg

Bitpowr & Celo


The Bitpowr team was at the Africa Money and DeFi Summit in Ghana last week, from the 27th-28th of September, 2022.

### **About the Summit**

The aim of the summit was to connect Africa fintech leaders, global venture  platforms and thought leaders across Africa and beyond to the many opportunities in the Decentralized Finance ecosystem. We were one of the sponsors of the event alongside various players and stakeholders in the fintech and DeFi spaces including Polygon, Flutterwave, Bamboo, Paystack, EMTECH and many others.

### **What we did ?**

**Ecosystem-building Conversations**

On the eve of the 27th we attended the VIP networking event supported by Zeepay  where we met and interacted with  a lot of interesting founders and investors over food and cocktails.

**We presented a Pitch.**
![pitch.jpg](https://res.cloudinary.com/samvwede/image/upload/v1665175738/pitch_6549d6a079.jpg)

Out of over 200 submissions, we were among the Ten startups that pitched live on stage at the Africa Money and DeFi Summit.

Tobi, the Founder and CTO, delivered the Bitpowr pitch, emphasizing the value Bitpowr wallet offers, our traction thus far, our go-to-market strategy, and future plans.

The session also saw presentations from nine other leading fintechs and crypto platforms like [Kotani Pay](https://t.sidekickopen90.com/s3t/c/5/f18dQhb0S7kF8cVPD1W1ZS5Zm59hl3kW7_k2841CX6NGW36PYxR1CXtwBW2PqZkh1MLhx7f197v5Y04?te=W3R5hFj4cm2zwW3X-SNr41S_4fw4r5qtN48S2&si=8000000022091125&pi=c5b35c02-1c84-4f66-99ec-bd4e1b6804fe)- connecting blockchain protocols to local payment channels. [Revio](https://t.sidekickopen90.com/s3t/c/5/f18dQhb0S7kF8cVPD1W1ZS5Zm59hl3kW7_k2841CX6NGW36PYxR1CXtwBW2PqZkh1MLhx7f197v5Y04?te=W3R5hFj4cm2zwW4mKLS-49KwL3W43mZrX1JK3C30&si=8000000022091125&pi=c5b35c02-1c84-4f66-99ec-bd4e1b6804fe), A single platform for recurring payment, billing, and collections.[KORIX](https://t.sidekickopen90.com/s3t/c/5/f18dQhb0S7kF8cVPD1W1ZS5Zm59hl3kW7_k2841CX6NGW36PYxR1CXtwBW2PqZkh1MLhx7f197v5Y04?te=W3R5hFj4cm2zwW3X-SC54p6VYy348-2&si=8000000022091125&pi=c5b35c02-1c84-4f66-99ec-bd4e1b6804fe)- a DeFi app enabling Africans to purchase the KRX token with France CFA (Francophone Africa fiat money) [Tokpay Finance](https://t.sidekickopen90.com/s3t/c/5/f18dQhb0S7kF8cVPD1W1ZS5Zm59hl3kW7_k2841CX6NGW36PYxR1CXtwBW2PqZkh1MLhx7f197v5Y04?te=W3R5hFj4cm2zwW4fLMwK3zkwR4w45lvZ548S2&si=8000000022091125&pi=c5b35c02-1c84-4f66-99ec-bd4e1b6804fe) - A Defi-Friendly Mobile Bank. [Zanifu](https://t.sidekickopen90.com/s3t/c/5/f18dQhb0S7kF8cVPD1W1ZS5Zm59hl3kW7_k2841CX6NGW36PYxR1CXtwBW2PqZkh1MLhx7f197v5Y04?te=W3R5hFj4cm2zwW4mKLS-4ttc85F3M8vZtmLXp1&si=8000000022091125&pi=c5b35c02-1c84-4f66-99ec-bd4e1b6804fe), which enables MSME retailers to access credit to purchase inventory. [Crunch Network](https://t.sidekickopen90.com/s3t/c/5/f18dQhb0S7kF8cVPD1W1ZS5Zm59hl3kW7_k2841CX6NGW36PYxR1CXtwBW2PqZkh1MLhx7f197v5Y04?te=W3R5hFj26QkG_W49S8D53R2NtvF4mGpFmTmXx1&si=8000000022091125&pi=c5b35c02-1c84-4f66-99ec-bd4e1b6804fe), a tokenized decentralized lending platform. [Mazzuma](https://t.sidekickopen90.com/s3t/c/5/f18dQhb0S7kF8cVPD1W1ZS5Zm59hl3kW7_k2841CX6NGW36PYxR1CXtwBW2PqZkh1MLhx7f197v5Y04?te=W3R5hFj26QkHjW3K1Lvm4rF8JC4SywJ1&si=8000000022091125&pi=c5b35c02-1c84-4f66-99ec-bd4e1b6804fe), a mobile money payment system. [The Realest Token](https://t.sidekickopen90.com/s3t/c/5/f18dQhb0S7kF8cVPD1W1ZS5Zm59hl3kW7_k2841CX6NGW36PYxR1CXtwBW2PqZkh1MLhx7f197v5Y04?te=W3R5hFj4cm2zwW49KtVz3K9dDWf3F9dpRV3&si=8000000022091125&pi=c5b35c02-1c84-4f66-99ec-bd4e1b6804fe)- connect real estate and NFTs to create pioneering “NFTs”. [Jamborow](https://t.sidekickopen90.com/s3t/c/5/f18dQhb0S7kF8cVPD1W1ZS5Zm59hl3kW7_k2841CX6NGW36PYxR1CXtwBW2PqZkh1MLhx7f197v5Y04?te=W3R5hFj26QkH6W3zdxcf49PHy0n3FbmCt1_3&si=8000000022091125&pi=c5b35c02-1c84-4f66-99ec-bd4e1b6804fe); a SaaS platform digitizing KYC and providing access to financial services to the unbanked and underbanked population across Africa.

**Bitpowr was hosted by 500 Global and Flori ventures**

![Bitpowrarticle500.jpg](https://res.cloudinary.com/samvwede/image/upload/v1665172854/Bitpowrarticle500_5b9b6611fc.jpg)

[500 Global](https://500.co/)  also hosted us to officially announce our integration into the family through their 500 Global Flagship Accelerator Program signaling to the public that we are well-positioned and confident in building the infrastructure to revolutionize financial infrastructure on the blockchain.

The 500 Global Flagship Accelerator Program accepts companies that meet certain criteria, such as demonstrating verifiable traction and a clear understanding of their customer and unit economics. Bitpowr certainly checks these boxes as it strives to become the AWS of cryptocurrency by offering ready-to-deploy, cost-effective, and scalable blockchain infrastructure to businesses.
[Read the full story here.](https://bitpowr.com/blog/bitpowr-joins-500-global-s-flagship-accelerator-program)


![Food.JPG](https://res.cloudinary.com/samvwede/image/upload/v1665172855/Food_6c1dde552f.jpg)

**[Flori](https://www.floriventures.com/) Ventures** also treated us to a delicious dinner during which we discussed how to harness the power of financial innovations, funding and  collaboration on global issues to unlock prosperity for Africa.

**A chat with the Hedera Team**
![hedera team.jpg](https://res.cloudinary.com/samvwede/image/upload/v1665172883/hedera_team_4492f5c8e1.jpg)

In line with one of the goals of the summit, we also met with representatives from one of the industry players, the Hedera Network from the  [HbarFoundation](https://www.hbarfoundation.org/about) to discuss potential partnership opportunities with their Blockchain Network .

A little about the [Hedera Network](https://hedera.com/journey): It is a fully open source public distributed ledger that utilizes the fast, fair, and secure hashgraph consensus. Its network services include Solidity-based smart contracts, as well as native tokenization and consensus services used to build decentralized applications.

To sum it all, it was an amazing and well-planned summit, the networking sessions were excellent, and the food was delectable. In the long run, this type of event will help to foster stronger relationships among industry players, regulators and open up new business opportunities across Africa and the world.

At Bitpowr, we are always eager to [hear from you](https://bitpowr.com/contact-sales) and discuss how we can help your business build scalable blockchain  products .

An overview of Bitpowr Team at the Africa Money and DeFi Summit in Ghana.

Team Bitpowr.jpg

Bitpowr at the Africa Money and DeFi Summit

# **Bitpowr & Solana**

We're pleased to announce that Bitpowr now supports Solana. Via Bitpowr, you can now store, transfer and launch products that interact with Solana's native SOL tokens and SPL tokens, which are created on the Solana blockchain. 

### **How does Solana work on Bitpowr:**

For instance, if Peter wants to send USDC to anyone in the world, he should be able to do so using the Solana Blockchain integrated in Bitpowr (transactions on solana are faster and cheaper). He can fund his Bitpowr wallet with USDC _SOL via wire transfer or Silvergate Exchange Network (SEN), after which he will be able to carry out on-chain transactions with ease.

### **Overview of Solana**

Solana is a blockchain platform designed to run decentralized applications. Based on proof of History (PoH) and proof of Stake (PoS), it processes transactions quickly at low cost. 

To pay for network transaction fees, Solana has its own native and utility token called SOL. Additionally, it is employed for staking, which enables users to assist Solana's security while gaining rewards. The inflationary token is designed to have a decreasing supply and an annual inflation rate of 1.5%.
Solana is an ideal ecosystem for many DApps and other DeFi applications since the blockchain is faster and cheaper. 

Get started

If you are an existing Bitpowr user go to your wallet dashboard and create a new SOL wallet. 
[Connect](https://bitpowr.com/contact#contact) with our team if this is your first time or you need more information




Securely Integrate Solana to your product.

Bitpowr x solana.jpg

Bitpowr & Solana

Bitpowr Press Release

**Blockchain Infrastructure Provider, Bitpowr, Joins 500 Global’s Flagship Accelerator Program**

Bitpowr has been accepted into 500 Global’s Flagship Accelerator Program which seeks to help early-stage startups find their footing and scale through valuable mentorship and support. This news joins Bitpowr’s growing list of remarkable milestones in 2022.

The 500 Global Flagship Accelerator Program accepts companies that fulfill certain requirements including having verifiable traction and demonstrable understanding of their customer and unit economics. Bitpowr certainly ticks these boxes as it seeks to become the AWS of crypto by providing ready-to-deploy, cost-effective and scalable blockchain infrastructure for businesses.


In 2020, 40 million more Nigerians used or owned crypto compared to Americans. Part of the reasons for this impressive adoption is that crypto and blockchain solve more pressing pain points in emerging markets than in developed ones. For instance, real inflation in Nigeria was close to 20% this year. Blockchain products can help SMBs and their customers hedge inflation, grow their revenue and income and facilitate cross-border payments and peer-to-peer transactions. 


However, this customer segment has been underserved by incumbent blockchain infrastructure providers. Bitpowr seeks to close this gap by offering SMBs in emerging markets a faster, affordable, and scalable way to build blockchain solutions with infrastructure for wallets, payments, settlements, cloud and custodian services.

Since emerging from stealth earlier this year, Bitpowr has increased transaction volume by 3x through its wallet infrastructure and has already flipped four customers from key competitors. The company is looking to record even better performing growth metrics by enrolling in 500 Global’s accelerator program. 


500 Global launched its flagship global accelerator program in 2010 when 500 startups devised a plan to help early-stage startups scale by providing them with training, support,  community, funding and other vital resources. The highly sought after program includes a curriculum focused on marketing, sales, finance, culture, product design, startup accounting, and more. 

Accomplished entrepreneurs, investors, executives and other individuals deliver the curriculum and offer mentorship that helps startups figure out operational elements critical to survival and growth. They offer hands-on support to startups in fine tuning their business and product strategy, investor pitches, and growth metrics.

Founders also get access to a community where they get to work and connect with over 5000 founders, some with similar needs and problems, more than 200 mentors and other high-value contacts. Startups often find such connections invaluable on their journey as they offer benefits ranging from investor introductions to growth-enabling partnerships. To top it off, 500 Global also makes a $150,000 investment in each participating company and organizes a demo day where founders can pitch to investors to secure support.

Speaking on this important milestone, Bitpowr co-founder and CEO, Oyetoke Tobi shared that Bitpowr's goal is to help businesses replace the up-front infrastructure expenses you need to power your blockchain-enabled business, no longer need to plan for infrastructure needs, weeks or months in advance. Instead, you can setup your solutions and deliver results faster.
Bitpowr wants businesses to quickly innovate, experiment and iterate as they go rather than waiting months before deploying applications and new business solutions. "Our current focus is Africa. One of the ways we are looking to expand to other African countries is by building out our settlement infrastructure.

We'll love to hear from you, [get in touch here](https://bitpowr.com/contact-sales) 


Bitpowr has been accepted into 500 Global’s Flagship Accelerator Program.

Bitpowrarticle500.jpg

 Bitpowr, Joins 500 Global’s Flagship Accelerator Program

Bitpowr is excited to unveil support for Avalanche, expanding our platform's capabilities and offering your business a seamless experience with Avalanche's high-performance platform. Your users can now enjoy faster transaction processing and significantly lower fees compared to traditional blockchain networks.

### **Exploring Avalanche**

Avalanche is a decentralized, open-source multi-chain platform that supports web3 decentralized applications (dApps) and smart contracts.

It is designed to be scalable, secure, and decentralized, with a focus on a fast transaction processing time of up to 4,500 transactions per second.

Avalanche is Ethereum-compatible, allowing users to bring their ERC-20 tokens to the platform

Avalanche has a unique reward structure that incentivizes network participants to confirm transactions

Avalanche is also known for its fast smart contract blockchain platform, which has attracted the attention of major DeFi protocols like Sushi and Kyber Network

The platform has gained popularity and has been invested in by the AVA Labs Foundation, which received $230 million in investment in 2021

### **How can you access Avalanche on Bitpowr?**

Businesses on Bitpowr can now interact with the Avalanche Chain network via our Dashboard and build applications via our Developer API.
If you are new here please [sign up](https://bitpowr.com/contact-sales) to get started.

Our blog

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Bitpowr Integrates USDT Stablecoin on Binance Smart Chain

Celebrating One Year in Business!

Enable More Stellar Trustline Support Assets on Bitpowr!

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Bitpowr at the Africa Money and DeFi Summit

Bitpowr & Solana

Bitpowr, Joins 500 Global’s Flagship Accelerator Program

Bitpowr Integrates with Avalanche

Bitpowr Integrates with Arbitrum

Bitpowr Integrates with OP Stack (Optimism x Base)

Bitpowr Cloud is Now Live!

Bitpowr Unveils On Chain Swap Features

Bitpowr & Vella Finance

Bitpowr Integrates USDT Stablecoin on Binance Smart Chain

Celebrating One Year in Business!

Enable More Stellar Trustline Support Assets on Bitpowr!

Bitpowr & Celo

Bitpowr at the Africa Money and DeFi Summit

Bitpowr & Solana

Bitpowr, Joins 500 Global’s Flagship Accelerator Program

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