The Sandbox

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Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)’s regulatory sandbox.
Using Crypto to Enable Faster and Cheaper Remittances
In a statement, the fintech firm claims its Minit Money application has demonstrated an ability to “enable foreigners living in South Africa to send money home across Africa to bank accounts or mobile money wallets at a competitively low cost.”
Meanwhile, in his remarks following Centbee’s formal graduation from the regulatory sandbox, the firm’s co-founder, Angus Brown, spoke of “incredible” future growth in the remittance app market. Brown explained:
We’re proud to have graduated from the IFWG’s inaugural regulatory sandbox and are aggressively scaling up our winning remittance solution. We expect to see incredible growth in the remittance app market in the coming years and are confident in our ability to bring fast, low-cost transactions to everyone.
Centbee One of the First to Graduate
Centbee, along with five other start-ups, was accepted into the first cohort of the IFWG’s regulatory sandbox. As reported by Bitcoin.com News, Centbee was one of the five crypto or blockchain-related start-ups that had been given the nod to test their products by the IFWG. Therefore, as part of its arrangement with regulators, Centbee would test the “regulatory treatment of crypto assets (specifically BTC and BSV) for low-value cross-border remittances between South Africa and Ghana and vice versa.”

The fintech firm’s statement reveals that the start-up has “since expanded operations to include money sending from South Africa to Nigeria, Senegal, Benin, Ivory Coast and Uganda.” Furthermore, there are plans “to add Mali, Tanzania, Kenya, Mozambique and Zimbabwe in the coming months,” the statement explained.
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Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)&#x2019;s regulatory sa...

news.bitcoin.com

Fintech Firm Centbee Graduates From South African Regulatory Sandbox


SAND price has fallen nearly -20% over the last week
SAND Price has formed a symmetrical triangle
45 MA is acting as resistance

Sandbox (SAND) Forms Symmetrical Triangle
The Sandbox (SAND) price has exploded in popularity & users over the last year thanks to the ongoing NFT boom. Virtual artwork, game figures, documents, & much more has grown in great amounts over the last year as more and more people show their interest in the rapidly growing metaverse.
The Sandbox is a blockchain based virtual world that allows users to create, build and sell digital assets in the form of a game. SAND price effectively combines the power of decentralized autonomous organizations (DAO) and NFTs which creates a decentralized gaming platform.
Over the last few weeks, SAND price has formed a wild rainbow-like structure as price pushed over a dollar & then fell to around $0.60. This movement has also formed a symmetrical triangle (shown in blue). Each time price has attempted a breakout of the top trend, it has failed as bears pulled price back into the triangle. Just over the last 4 hours, SAND price has managed to break to the upside of its triangle as it heads towards the major resistance of $0.793.
If bulls manage to hold this mark, expect price to head towards the next minor resistance of $0.846.
The Sandbox Price Analysis: SAND/USDT 4 Hour Chart
  Live Chart  

If SAND price manages to hold this bullish breakout, price may be on its way back to $1.00. There are many resistance along the way but judging off the movements of other altcoins, SAND price may be in position to break towards a new all time high. Although, we must take note of the potential scenario where this is a false break similar to what happened back on September 4th. If bears assert more control & pull SAND back into its triangle, it must hold its bottom trend or it may be in for another fall to the downside. SAND price must hold its major support of $0.719 or its in for a major fall.

While looking at the Stochastic RSI, we can see that strength is heading towards the overbought region above the 80 value. If strength continues within this zone, we should expect SAND price to continue this bullish breakout.
The MACD has been coiling below the 0 value & is primed for a bullish breakout to the upside. 

SAND Intraday Analysis

Spot rate: $0.77
Trend: Neutral
Volatility: Medium
Support: $0.756
Resistance: $0.793

The post Metaverse Update: Sandbox (SAND) Price Drops By 20% Over Last Week, Here’s Next Trading Levels appeared first on Coingape.


SAND price has fallen nearly -20% over the last week SAND Price has formed a symmetrical triangle 45 MA is acting as resistance Sandbox (SAND) Forms Symmetrical Triangle The Sandbox (SAND) price has exploded in popularity &#38; users over the last year thanks to the ongoing NFT boom. Virtual artw...

The Sandbox price	$0.75938
Low - High 24H	$0.745985 - $0.769955
Market cap	$677.43M
Volume 24H	$35.39M
All time high	$1.19 -36.23% August 30th 2021
All time low	$0.028978 2524.21% November 4th 2020
Genesis date	N/A

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