CrowdForce is happy to announce that it has selected FLASHcoin (cryptoticker: FLASH) to power its rapidly growing remittance business. CrowdForce provides a network of trusted local merchants in communities across Africa who will serve as “human ATMs” and provide liquidity for FLASHcoin users to exchange their FLASH with local currencies.

According to the CrowdForce C.E.O Tomi Ayorinde “There is huge potential for high volume, low margin transactions in Africa and low-cost payment is key to blockchain adoption in emerging markets. FlashCoin ticks all the boxes for fast, efficient & low-cost payments and remittances.”

FLASH is a leading community coin protocol based on Bitcoin and Litecoin technology, optimized for ease of use, speed, and throughput. FLASH is designed to be the “Majority World Coin” because it is a community entirely run by volunteers from all over the world and it focuses on only one thing: settlement. It is run by and for the community with a foundation in Liechtenstein (Third Millennium Foundation for Economics and Culture). The FLASH blockchain and wallet system are designed to meet the needs of rapidly growing Majority World countries. The wallet supports 26 languages, 5 Cryptocurrencies + 66 tokens = 71 Crypto Currencies and 32 national (fiat) currency prices.

This partnership instantly gives the FLASHcoin community access to 7,000 OTC merchants with a target to scale to 1 million merchants across Africa after the CrowdForce token sale is completed. CrowdForce also expects to integrate the FLASHcoin API and wallet technology into its app. Tomi Ayorinde, CrowdForce CEO said, “Low-cost payments are key to blockchain adoption in emerging markets. The FLASHcoin community has a solution that’s fast, easy and low cost. It’s perfect for Majority World countries, that are rapidly growing and this is why we selected it.”