Kuva, the DeFi peer-to-peer payments network, announces the launch of its e-commerce application, Kuva Local, to Kenya, Ethiopia, Namibia, and South Africa, as well as an exclusive partnership with Alliance Insurance; enabling users to purchase and deliver goods seamlessly to any address in these countries

Kuva, the decentralized finance (DeFi) startup that allows users to transfer funds in real-time globally, is announcing the launch of its fintech product, Kuva Local. The advanced e-commerce application that rewards users with digital currency and brings global customers to local businesses is launching in Kenya, Ethiopia, Namibia and South Africa.

Like all Kuva’s financial services products, Kuva Local can be accessed from any mobile smart device. Currently, the application allows users from anywhere in the world to purchase products from local businesses. With the launch, diaspora consumers will be able to buy from businesses in Ethiopia, Kenya, Namibia, and South Africa and have goods delivered locally in those markets. This will be a much-needed application for diaspora who are tired of the cost and inconvenience of sending money and goods to relatives back home. Users can add electronics, food, clothes, and an array of miscellaneous goods to their digital shopping cart and have it delivered straight to their loved ones’ doorsteps who live in Zimbabwe, Ethiopia, Kenya, Namibia, and South Africa without expensive rates and delivery fees.

“We chose to launch our delivery operations to Kenya, Ethiopia, Namibia, and South Africa because these are markets with a large proportion of young people, living outside the country of their birth, whose everyday habits are incredibly reliant on mobile devices,” said CEO and Co-Founder of Kuva, James Saruchera. “All these countries have substantial diasporic populations and can benefit from the global-access-meets-local delivery model of Kuva Local.”

“Kuva Local is designed to help fund the running of our sophisticated blockchain infrastructure, enabling other types of transactions on the Kuva network such as peer-to-peer transactions to be very low cost or even free — a stark contrast from popular networks,” said CTO and Co-Founder of Kuva, Andreiko Kerdemelidis. “Ultimately, we want to make cryptocurrency and blockchain-powered products accessible to everyone who owns a phone. Launching Kuva Local in new territories takes us one step closer to making our goal a reality.”

Kuva Local will make low-cost, trans-continental deliveries available in Kenya, Ethiopia, Namibia, and South Africa. The Kuva Local app is available to the public and can be downloaded from both Apple’s App Store and Android’s Google Play.



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