The app allows users to send Bitcoin Cash to their mobile contacts or make purchases from merchants across the globe.
Centbee partners with nChain to enable retailers to accept Bitcoin Cash at points of sale.
The micro-blogging site will reportedly also implement a ban on crypto-currency-related advertising within the next few weeks.
Digital currencies and distributed ledgers/blockchains hold substantial value for emerging economies, but what are their implications and how, if at all, will they be regulated?
Centbee, a South Africa-based Bitcoin wallet and merchant payment ecosystem, has secured funding from nChain.
Without tighter regulations, it will be difficult for SARS to hold individuals to account for their crypto-currency taxes.
Following the recent slump in the Bitcoin price, experts believe digital currencies will remain unpredictable for some time to come.
The retailer will accept payments using the cryptocurrency at one of its Cape Town stores.
Since the Bitcoin split earlier this month, SA has seen a massive increase in the crypto-currency's trading volumes.
Digital currencies are definitely in our future, but the form remains to be seen.
The AHUB will provide a meeting place for start-ups and investors at this year's AfricaCom conference in Cape Town.
Reports of the demise of Bitcoin appear to be premature