The application that was previously known as NuBank that won 2nd place at the recent DBS Hackathon in Singapore and is now HyperBank.
We utilize the blockchains in order to provide a secure and fully auditable digital trail of transactions while avoid volatilty by keeping transfers at fixed local currencies with multi-signature signing from top-tier institutional financial partners.
Consumers communicate using standard SMS functionality directy with their village elders, who then use their smartphones to record and relay transactions on to the blockchain - providing fully distributed M-Pesa functionality.