Centbee is comprised of individuals who value honesty, commitment, respect and professionalism. They believe in the power of people to create an abundant future. The team is excited by the potential of Bitcoin to enable payments and a sound currency, however are aware of the risks. Centbee strive to prevent abuse of their systems and processes for illegal ends.
They see the opportunity to leverage Bitcoin to provide services to a global customer base by providing an intuitive bitcoin wallet. The wallet can be used to send and receive bitcoin easily to friends and family using mobile number send, and to pay real-world merchants. Currently, few merchants accept Bitcoin, but Centbee can provide simple and reliable interfaces to allow any merchant to register and receive payment – settled into their bank account in fiat currency. This removes the risk of bitcoin price volatility and leverages the immutability of the blockchain network.
The remittance model uses Bitcoin as the ‘rails’ to make cross-border payments to support family as easily and cheaply as possible. The social importance of this service cannot be overemphasized, and Centbee believes that through providing a commercial service, they are helping people to connect with and provide for their loved ones.
Centbee recognises the need to inform and educate regulators, merchants, media and customers about Bitcoin and blockchain. Co-CEO, Lorien Gamaroff, is in high demand at international conferences and private events, where he is able to make anyone an expert in only an hour. The purpose of their educational efforts is to increase awareness of Bitcoin, to reduce misconceptions, and to encourage adoption of Bitcoin.
Centbee is currently based in Johannesburg, South Africa and has a staff complement of 6.