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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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LIST | Meet the 4 Winners of the 2023 Btrust Builders ‘Build for Africa’ Bitcoin Hackathon
Btrust Builders, the African Bitcoin education program that recently re-branded from Qala, has announced the winners of its recent hackathon targeting African-made solutions around Bitcoin.
The four participants were selected from 8 finalists who had been voted in by the Btrust Builders community.
1.) BitPension
First place went to BitPension, which is developing a multi-signature bitcoin pension platform. The solution offers a secure and flexible solution to address retirement savings challenges.
2.) Splice Africa
According to Btrust, Splice Africa is addressing the friction in cross-border settlements and payments within Africa like cumbersome KYC processes, high fees, and multiple intermediaries.
Splice’s solution involves connecting African nations through Bitcoin’s globally accessible liquidity network. It employs automated foreign exchange swaps with Taproot Assets on the Lightning Network, eliminating costly overseas intermediaries and reducing transaction friction.
The system operates as a peer-to-peer non-KYC setup for cross-border payments, utilizing mobile money agents/merchants.
“Transactions are conducted through Lightning using Taproot Assets, with fiat coins shielding agents/merchants from Bitcoin’s volatility. This approach aims to enhance efficiency and accessibility in cross-border financial transactions across the continent.”
3.) Stealth Money
Stealth Money addresses the challenge of depreciating fiat currencies in Africa and the reluctance to self-custody Bitcoin due to a knowledge deficit. The solution involves promoting Bitcoin as a savings technology and emphasizing the importance of ‘Not Your Keys, Not Your Coins.’
The platform automates the process of saving in Bitcoin, allowing users to sign up, complete registration, add their hardware wallet, and deposit local currency.
Through one-time purchases or recurring plans, the deposited funds are converted into BTC and sent to users’ self-custodial wallets. This encourages a culture of saving and accumulating bitcoin, providing a secure alternative to traditional fiat savings susceptible to devaluation.
4.) SATS to GO!
SATS to GO! goes beyond a mere incentive; it serves as a catalyst for change, aiming to inspire transition from mere compliance to genuine commitment. This initiative is designed to spark a positive shift in mindset and engagement, fostering more dedicated and motivated individuals.
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