SuperCom to Develop Cryptocurrency Capabilities for its Mobile Money Suite

MMW learned Monday that SuperCom, a global provider of secure solutions for the e-government, public safety, healthcare, and finance sectors, is in the process of developing various cryptocurrency capabilities for its SuperPay secure mobile money suite.

Upon completion, SuperPay users will be able to purchase and sell Bitcoin, Ethereum and other cryptocurrencies.

According to a provided statement, SuperCom’s secure mobile money and mobile payments solution, SuperPay, subject to local regulation, allows users to load funds into their SuperWallet mobile application through a credit card and bank account or by providing cash at any supporting top-up location or agent. SuperPay’s Bitcoin and cryptocurrency capabilities in development will allow users also without a bank account or credit card to load and receive funds and then use those funds to purchase Bitcoin, Ethereum and other cryptocurrencies. They will also be able to sell their cryptocurrency through the suite.

It is estimated that roughly two billion people around the world are unbanked, however more than one billion of them have access to a mobile phone.

“As part of our ongoing mission to serve governments and residents in developing countries, we have developed extensive cryptography and security capabilities inherent in our array of product offerings including mobile money and mobile payment,” said CEO and President of SuperCom, Arie Trabelsi. “And with the rising demand for access to various cryptocurrencies all over the world, we believe that SuperPay’s technology suite is uniquely positioned to capitalize on this opportunity, ultimately providing increased value to our customers. When completed, our solution will allow SuperPay users to both purchase and sell bitcoins as well as other cryptocurrencies, all without the need for a bank account.”