Published on June 11th, 2018 | by bitcoin0
Ethereum Micropayments Reaching Real Africans via Crypto Startup Wala
Because before the token sale, Wala was facilitating customer transactions via its mobile app with the existing infrastructure in these African countries.
And with 100,000 merchants offering goods and services through Wala’s platform, the startup has created a small-scale circular economy – something crypto enthusiasts have long vied for.
Microraiden for micropayments
So how is Wala facilitating these microtransactions on the ethereum blockchain, which has been dealing with growing scaling concerns as of late?
As such, Wala takes in all user payments through that channel and then batches those transactions at some point to settle them onto the ethereum blockchain.
As mentioned, Wala acts as the intermediary party between dala users and the ethereum blockchain.