What is Safcoin?
Blockchain and cryptocurrency have rocked the global financial services industry. People are realising and starting to accept that these technologies are driving significant and necessary change in financial technology (FINTECH) and streamlining inefficiencies in various industries.
When we created SAFCOIN in 2018, we had a vision to accelerate the e-commerce space in Africa with a digital currency, wallet, gateway, freelance- and marketplace platform.
Developed by Africans, for Africans.
Why? Because even though Africa experiences similar challenges to those experienced by developed markets, it feels the impacts of these a lot more. Such challenges are unique to the African context and include financial instability, economic downturns, unemployment, and the fact that a large portion of the population remains excluded from formal financial systems and global commerce.
Africans are adept at designing solutions to African problems, which is what we do. Blockchain and cryptocurrency in general, and SAFCOIN in particular, poses a solution to help alleviate Afro-centric issues.
The SAFCOIN eco-system improves access to cross border trade and services for users, breaking down complex transactional processes and fee structures – faster, thus enhancing Africa-wide user participation thereby improving global economic engagement.