BitPowr has officially launched its fintech startup directive selling crypto infrastructure to support other businesses. The Nigerian startup fintech developed its customized digital network in sync with the Blockchain network, which includes its API, wallet, and other digitized assets.
BitPowr has individuals and corporate bodies as its target market to utilize its crypto infrastructure designed to manage the digital asset. BitPowr’s network displays as an API suitable for digital asset management solutions.
Toby Oyetoke introduced BitPowr during the post-pandemic era without an official announcement which is likely to promote viral awareness. BitPowr’s operations are currently available to users to virtually manage their autonomous digital assets via the startup’s custom infrastructure tweaked in its API for eased explore.
BitPowr’s fintech platform is dedicated to providing managerial solutions via its Blockchain API to either create, manage or hold digital assets via its encrypted Blockchain wallet. BitPowr poses as a soluble tool that allows its users to manage their corporate wallets despite the diverse digital wallet available in BitPowr’s Blockchain network.
It is worth noting the diversified crypto characteristics, which include the multi-purpose Blockchain for creating any sort of virtual wallet on BitPowr’s network, payment gateway, as well as the various types of crypto wallet BitPowr is programmed to serve.
Oyetoke revealed that BitPowr’s crypto infrastructure is influenced by the unprecedented cloud computing Amazon Web Services has reportedly sold its software to the global technology ecosystem. For contrast, BitPowr’s Blockchain network poses as a tool for other businesses or individuals set to customize their Blockchain network suitable for their autonomous operations.
“The cost of building on the blockchain is very high. You need really good skilled software or blockchain engineers who will develop and maintain the product, resources to build the application, cost of running and maintaining the nodes. You also need to cater for monitoring transactions, security.”
BitPowr’s CEO also revealed its crypto infrastructure is expensive for bootstrapping startups generating less revenue income. “startups will end up spending so much on integrating the blockchain rather than building your product.”
The extreme expenses from accessing BitPowr’s crypto infrastructure are influenced by the required gas fee to maintain its Blockchain network. Despite BitPowr’s official launch, the Nigerian startup continues to bootstrap its fintech startup — while BitPowr stealthily sells crypto infrastructure.
Techbooky’s consent to BitPowr’s bootstrapping network to end as soon as the startup receives an investment deal to accelerate its development. BitPowr plans to expand across Africa while 2022 continues to countdown. As expected, only a funding round can accelerate the startup’s operations past being a greenhorn in the African tech market.