SAFCOIN; an exclusively Africa-focused cryptocurrency, officially launches today.
Not quite long ago, local crypto enthusiasts were able to participate in the SAFCOIN ICO (Initial Coin Offering) which ended on 31 October 2018, and now those who missed out on the ICO can get involved – as SAFCOIN is open for trade.
“What an exciting year it has been for us,” says Neil Ferreira, Co-Founder and CEO of SAFCOIN’s founding company, FHM (PTY) Ltd. “We are proud to be part of the blockchain and crypto revolution. We are excited to bring the SAFCOIN blockchain, mobile app, and exchange to the people of South Africa.”
During the ICO, there were some who highly doubted the launch of SAFCOIN as many have fallen prey to ICO scams– thus making it difficult for startups to enter the market and make a success of it. Despite some obstacles, the SAFCOIN team is thrilled to have proven to the public that they are here to stay and determined to make a positive difference in the lives of many.
SAFCOIN aims to tap into the ways that crypto can positively impact Africa. “We are not here to overthrow the existing financial system but rather tap into the numerous benefits of crypto for Africa by developing use-case technologies for every individual to benefit from the positives of cryptocurrency. All while maintaining the highest levels of business ethics and standards” says Ferreira.
The launch of the SAFCOIN crypto, wallet and exchange has laid the foundation for many innovative developments in the future with the rollout to Africa, eCommerce integration and other developments already well underway.
Although crypto is currently unregulated in South Africa, SAFCOIN decided to self regulate the exchange by adopting the KYC (Know-Your-Customer) protocol and FICA compliance to ensure friendly use.
First Call Center Opened In Garden Route
SAFCOIN opened its first South African call center at Garden Route in Western Cape recently, offering assistance and support to customers using the various SAFCOIN platforms in English, isiZulu, isiXhosa, and Afrikaans, with plans to add more official languages and centers in the near future.
SAFCOIN strives to stand true to its core values of Passion, Appreciation, Simplicity, Trust and Ubuntu.
The SAFCOIN mobile wallet app and exchange can be downloaded on the Google Play Store or the Apple AppStore. Visit the SAFCOIN website for download links.
SAFCOIN is a registered member of The Blockchain Association of Africa.
Hi! Here’s a little something for you. In the first edition of The African Podcast by WeeTracker, get access to the formula behind ‘Building a $ 100 Mn company (twice) in Africa’ with the co-founder of Andela & Flutterwave – Iyinoluwa Aboyeji. The exclusive podcast goes live soon, Subscribe here to listen to it.
9500+ subscribers are getting our free newsletter on African technology, startups and innovators bi-weekly.
Made with ❤ in Africa