The app facilitates a peer to peer money swap, circumventing the need to literally send money across borders. The app tackles the high cost of transferring money to and between African countries, and the hassle of long queues at financial institutions, or buying forex on the black market.
Instead, it allows users who want to send money in opposite directions to swap between themselves, which is cheaper and more convenient.
KAOSHI connects users both within and outside of Africa, allowing each to specify the currencies they want to exchange and matching them to users making inverse exchanges.
