Bitlipa is a Kenyan startup that allows users to convert fiat Kenya Shillings to Tether USDT and Bitcoin, and vice versa. It makes use of the M-Pesa mobile payments app to on-ramp clients into the crypto world and off-ramp clients back into the fiat world.
According to a recent study conducted by the cryptocurrency exchange platform Gemini, approximately percent of Kenyan respondents believe that cryptocurrency is the future of money. These Kenyans also stated that they believe cryptocurrencies are an excellent way to protect against inflation and diversify assets. Kenya leads the world in peer to peer cryptocurrency trading and Bitlipa is looking to enhance crypto trading by improving the crypto analysis methods.
Evai is an AI-powered crypto rating platform that aims to assist people in making smarter crypto investing decisions at minimum risk. Evai has developed an industry-leading AI and machine learning technology that continuously evaluates crypto assets and awards them unbiased ratings based on peer-reviewed financial research and economic modeling.
The partnership seeks to provide Bitlipa users with free access to the Evai rating platform. This will be accomplished by distributing Evai tokens to lucky Bitlipa users, which will be locked for at least a year. This means that Bitlipa users will be able to trade crypto using Evai ratings and gain access to free educational materials on the Evai platform. This may lead to better trading decisions and higher returns for Bitlipa users.
Bitlipa will benefit by adding more value to its platform and users while Evai will benefit by expanding its user base to Kenya and eventually the entire Africa. The airdrop recipients will benefit by gaining free access to the platform for a year thereby bypassing the $ monthly subscription fee charged by Evai.
Evai rates crypto projects with A, A, A, B, B, B, C, C, C, D, and U with A representing an exceptional crypto coin or token while D and U represent distressed and unratable crypto. The AI-powered Evai platform uses liquidity, sentiment, volatility, momentum, utility, behavioral bias, overextension, market risk, and market capitalization to give an unbiased rating of over a thousand crypto projects.
According to a recent article by Bitcoin news platform Bitcoinm, Kenyans lost an estimated $ million to cryptocurrency scams. The partnership between Bitlipa and Evai will empower Kenyans to distinguish between secure crypto projects and scams. This is a significant step towards building trust in blockchain-based projects and accelerating cryptocurrency adoption.
