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- To take full advantage of the F Africa Free Trade Agreement
- Provide a bridge between global and local economies
- Help integrate Africa with the world economy
Safcoin, Africa’s very own innovative crypto coin, is all set to go international. Africa’s native crypto coin is going live on P2PB2B and Catex crypto exchanges. According to a Press release signed by the firm’s CEO, Neil Ferreira, the token will go live between Wednesday, May 26, 2021, and June 2, 2021.
Located in the UK, the P2PB2B has a trading volume of $603.61-million. Catex, the second crypto exchange on which Safcoin will be live, is located in China and boasts a trading volume of $137.43-million per day.
Africa Safcoin has been named as one of the top 140 financial tech companies by Baobab insight.
Safcoin expansion plans in Africa
Safcoin is all set to take advantage of the African Continental Free Trade Agreement (AfCFTA). AfCFTA came into effect from January 2021, and it intends to give a fillip to trade and crypto adoption in the Africa e-commerce sector.
Investors can buy and sell and pay for goods across the continent using Safcoin and Bitcoin on the crypto valley, Safcoin’s e-commerce market.
Enhanced decentralization will increase the confidence of people in Africa, according to Safcoin. Africa’s free trade agreement is creating opportunities, and statistics reveal that crypto adoption in Africa is the second highest. Cryptocurrency has added benefits and makes sending transactions overseas as well as making payments much more accessible.
Ferreira adds that the twin of crypto and e-commerce will make way for hassle-free digital payment in Africa. Crypto valley. Africa effectively combines crypto and e-commerce. More African shoppers can support local African sellers across the borders using a safe and instant Safcoin mobile wallet to make payments.
The Problem and the solution
Africa was never able to integrate with the world economy for many reasons. One reason was the extreme volatility of the FIAT currencies. Safcoin was conceived to tackle these problems. It provides a safe and fast gateway trade between international and local economies.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
