With a record of 139 million clients and a credit weight of over $110 billion only as at 2017, It remains clear that microfinance has solidified its place among the leading teams driving financial inclusion of the marginalized populations. It is interesting to note that blockchain integration for the financial institution does not exclude the microfinance sector.
On a global scale, the microfinance market has witnessed steady growth and this growth is such to last for about two decades from 2017-2025. more of the reason for this promised growth is due to the rise in the number of SMEs. It is certain that developing markets will drive massive expansion, and this trend will continue for as long as possible until the annual growth for this group is 5% and above.
Interestingly, blockchain is painstakingly making its way to different communities and is seeking to engage approximately 1.7 billion people who are currently unbanked and are in the production sector of the economy. Microfinance is currently doing this by making funds available to the SMEs.
Currently, AssestStream is a microfinance project built on the blockchain and it caters for the creation of trust between the lenders and the borrowers alike.
AssetStream Token is bound to be Mainstream
Microfinance, as a major player in the financial industry, takes pride in playing an active role in the global movement against poverty. AssetStream taps into an attractive and really underserved market opportunity and intersects with their specialized expertise by simply maximizing social and financial performance and helping to keep alive the focus on low-income clients which it was created to serve.
Plans are in place to extent AssetStream’s hand of fellowship to others outside lenders and borrowers- to include agencies which are open to partnering up with it.
Its proposed source of generating funds will be from its AST Token.
Moreso, AssestStream hopes to stabilize its AST tokens within the AssetStream ecosystem as a U.S stable coin valued at 0.01 USD. This is aimed at promoting stability. Likewise, on external platforms, AST prices will be subject to fair market value reflected on third-party exchanges.
The platform hopes to create its own rating criteria and this will be categorized into personal and business loans.
It provides for learners to skim through the platform and manually select loan contracts they would be comfortable with, or opt for automatic through AssetStream autonomous matching system.
The competition here is such that investors can expect small businesses to operate in a way and structure that maximizes the achievement of both financial and social returns. These help in the alleviation of poverty and increase the economic opportunities for the poor.
Quite obviously microfinance places a supportive role in the fight against poverty and on the journey to an improved Standard of living, there is a healthy competition that needs to be welcomed in areas like health, education, infrastructure, market access, and a functioning and responsive government.
Blockchain in microfinance can facilitate this- leading to the betterment of lives from all around the world.
What’s On the Horizon
Small scale producers who are poorly equipped with the best tools for their businesses will record a minimum of 10% increase in their output but interestingly, this is guaranteed with access to our provisions and helping them secure these tools, would suffice as our little contribution.
Max Property Group (MPG) an international property investment company, very recently signed an MOU with AssetStream. Max Crowdfund is a subsidiary of the mother company and a crowdfunding platform that synergizes with AssetStream to provide numerous communities with them to support the integration of their blockchain platforms.
Having onboard English Forward- an English platform with 250+ million members via an MOU with AssetStream now makes available microfinance resources for its teachers and learners community.
In conclusion, AssetStream updated her community that her beta platform is live and ready. the platform is built on the blockchain and all transactions are carried out on the blockchain.
Check the website for more information.
Would you like to feature your project on our platform? Then click here to know more
Disclaimer: The statements, views, and opinions expressed in this column are solely those of the author and do not necessarily represent those of CryptoTv Plus.
Ripotr: Tokenizing Loyalty in Brand Businesses
Startups always come to make life a lot less difficult for the community while also promoting financial benefits for the project. This opinion is shared among the very many projects around the globe including the CEO at RIPOTR. In a recent chat with Raymond, he does well to bring us an update on the Loyalty based Business project.
It is no news that business-merging produces positive economic impact. The problems of Ignorance in relation to business-merger techniques, paperwork hassles and all that are some of the reasons we are not seeing a lot of mergers especially in Nigeria. RIPOTR provides these much needed unique business management solution to mostly small and medium scale businesses.
In his words, what RIPOTR does is create awareness of the benefit of small and medium scale enterprises merging, and also provides a platform to enable businesses to merge without hitches while still maintaining individual ownership of their businesses by using a franchisor Business model that exists on the Platform.
These are the key features of the business model
1. Providing a merger platform for businesses to merge and increase customer base.
2. Distributing free company shares in cryptocurrency tokens to customers that patronize businesses in the merger network
3. Maximizing marketing resources by Giving financial incentives to clients that help the merger network grow its customer base through recommending and inviting prospective businesses and clients to join the community.
4. Introducing a mobile payment system that ensures a profitable distribution of income from the merger.
“Any business or service provider can join our partner’s network, add their clientele to our database and then share in profit generated from the merger.”
When asked how RIPOTR works, Raymond had this to say;
Getting businesses to collaborate in some sense is key to success at RIPOTR
1. A business or service provider Signs up and gets registered with us to join the merger network of businesses.
2. The businesses get their every client registered into our database under them so we can track when these clients patronize other businesses in the merger and send them a commission.
3. Registered businesses use our mobile payment system to receive payment so as to enable effective transaction tracking and profit sharing.
BENEFITS FOR BUSINESSES SIGNED UP TO RIPOTR PARTNER NETWORK
Increase in patronage
Every business that joins the RIPOTR network experiences an increase in patronage because of the vast customer base of the merger and also consistent online and offline marketing plus promotions. we encourage customers to patronize businesses in the partners’ network through the incentive of distributing free company shares (cryptocurrency token) of RIPOTR for every transaction completed with any business in the network to both transacting parties.
More income for businesses
For every business that joins the RIPOTR partner network and adds its existing clients to the customer base of the merger, we keep track of other transactions made by these clients in the partners’ network and give a percentage of it to the business. what this means is that businesses in the merger do not depend on only their business to earn income, they also earn from other businesses in the network that their clients patronize.
Vigorous and effective marketing for businesses
Marketing is key to the success of any business and customers recommendation is the most effective form of marketing. Our franchisor business model provides a financial incentive to clients that help with marketing and growing our customer base by recommending the merger platform and inviting people they know to patronize businesses in the RIPOTR network. Every business that joins the merger gets to benefit from this marketing model.
Improved customer experience with mobile payment.
Mobile payment is a trend that is quickly catching up with customers. Smartphones enable users to make purchases and make payments via the mobile channel, without them having to use cash or credit cards. with our mobile payment system, businesses can offer an instant, cashless payment to customers, thereby increasing their own customer base and enhancing sales.
Small businesses are by way of illustrations, like broomsticks, they need to merge together to have a meaningful financial and economic impact. RIPOTR provides the bind that holds these business mergers together and still allows them to have their individual ownership.
Our business model utilizes the cryptocurrency token reward economic model and multiple level commission sharing innovation to empower businesses and clients to work together to accomplish a common goal of financial prosperity for all.
Do you run a business or offer any services and would like to join the RIPOTR business merger network
Click here to tell us about your business
Contact us for more Details and Enquiries
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.
Blocktech Women Conference 2019- Showcasing Africa’s Women In Blockchain
There has never been a conference like this! Women are taking the center stage in the blockchain industry all across the Atlantic and back home in Africa, be a part of this fully loaded Educative series.
Blocktech Women Conference-2019 -the first female-driven blockchain conference in Africa built to reposition the mindsets of all female players in the blockchain industry has been put together by the Blockchain Association of Ladies BAL. It has never been this big and it would be held on Friday, 12th April 2019 at Virginrose Resorts, Victoria Island, 8 am prompt.
The Blocktech Women Conference 2019
The Conference is billed to educate and train attendees on various aspects of blockchain technology; Women And Blockchain, Digital Assets Trading, Blockchain In Public & Private Sector, Blockchain In Supply Chain, Blockchain Application Programming & Coding, Personal & Business Branding, among others. Attendance is free for all and open to both males and females.
The above-listed wealth of information will be delivered by are our renowned speakers; Reggie Middleton, Founder, Disruptor-in-chief and CEO of Veritaseum (USA), Lorna M.Johnson, CFO at Advanced Family Care Medical Group Inc (USA), Alakanani Itireleng, Founder at Satoshi Centre (Botswana), Genevieve Leveille, Founder at AgriLedger (Jersey), Maureen L. Murat, Principal at Crowdie Advisors (USA), Linus Kingdom, Managing Editor at eBlockbuzz (Nigeria), Heaven Bereket, Founder at Bambino Foundation (Sweden), Lindsay Nuon, CEO at Women of Color In Blockchain (USA),Lucky Uwakwe, CEO at SABI Exchange (Nigeria), Doris Ojuederie, Founder at Blockchain African Ladies (Nigeria), Nathaniel Luz, Executive Director at Cheetah Africa (Nigeria), Faith Obafemi, Blockchain Lawyer (Nigeria), among others.
That’s not all. The Veritaseum (USA) representatives will be on the ground at the Conference to train attendees on trading digital GOLD via the Blockchain. To get the training started, Veritaseum will be distributing about $17,000 worth of its VeGold asset to attendees who had already completed their KYC verification on the VeGold trading platform; https://dapp.veritaseum.com.
This freebie serves as support to the African woman. However, it is important for prospective attendees to get their KYC done and approved prior to the event to avoid unforeseen inconveniences. Queries about KYC Verification should be sent to https://t.me/joinchat/EytLU00P2FaVJTJ2sgApuQ
We are also pleased to inform you that representatives of SisiBox Period Subscription Package will be distributing 50 packs of their Combo Sanitary packs to 50 attendees at the Conference. SisiBox Lady Sanitary is designed to provide quality anion sanitary napkins for women at the lowest cost possible via the Blockchain technology while raising financially empowered and entrepreneurial driven ladies in the continent and beyond.
To qualify for the free Sanitary packs, prospective attendees are required to register via the link below and thereafter give out their personal link to friends for registration: https://sisibox.com/blockwoman. The top 50 attendees with the highest referrals will each receive the SisiBox Combo Female Sanitary.
The 2019 Blocktech Women Conference team will be waiting to welcome you at Virginrose Resorts, Victoria Island, Lagos on April 12, 2019.
Contact: Doris Ojuederis, Senior Convener, Blocktech Women Conference +2348095973066 – email@example.com
Kudi Exchange is Live in Beta Testing
What else makes Kudi Exchange special? It is the first and only exchange in West Africa to offer a U.S. Dollar backed stable coin through our co-marketing partnership with Gemini
This is big news for Ferrum Network because we built and launched a world-class exchange and payments product on a seed budget.
But it is even bigger news for the people of West Africa who for the time first time can purchase a U.S. Dollar backed stable coin with fiat and send fiat currency peer-to-peer instantly with no third-party intermediaries. We are proud to introduce Kudi.Exchange — A Digital Currency Exchange + Peer-to-Peer Payments App with U.S. Dollar Stability.
It’s a Fiat Gateway, But Runs on the Ferrum Network
What is Kudi.Exchange? It is a fiat-to-crypto exchange + mobile payments app based in Nigeria that runs on top of our network. With Kudi, users can buy digital assets directly with fiat. It is the fastest, lowest cost and most advanced digital currency exchange in Nigeria.
Why Nigeria? Nigeria is a massive crypto market. It has the 7th highest BTC volumes in the world, 1st in Africa, highest Google searches in Africa for “bitcoin”, a population of 200 million with 50% under the age of 35, and an existing financial system that is ripe for disruption.
Competing exchanges that offer far less regularly achieve $5 million USD in monthly volumes. With such a large market with low incumbent competition, we look forward to offering this product to millions of customers.
Faster Speeds, Lower Costs
How do we achieve millisecond transactions at lower cost than our competitors? Simple — the backend of Kudi.Exchange is running on the Ferrum Network — a high-speed interoperability designed for low cost financial applications. This means users can buy/sell/send digital assets faster and for less network fees than other exchanges.
The Only Exchange In West Africa to Offer U.S. Dollar Stable Coin
What else makes Kudi.Exchange special? It is the first and only exchange in West Africa to offer a U.S. Dollar backed stable coin through our co-marketing partnership with Gemini
Like many emerging markets, the demand for U.S. Dollars in Nigeria is high, but physical dollars are difficult and costly to obtain. Now for the first time, Nigerians can access digital U.S. Dollars through an app. They can rest assured those assets are backed by a fully-regulated trust company, Gemini.
Our market tests indicate that demand for a U.S. Dollar stable coin is incredibly high, and we are proud to offer our customers easy access to this critical safe haven asset.
It’s Also An Instant Peer-to-Peer Payments App
Perhaps the most exciting aspect of Kudi has nothing to do with cryptocurrencies. Remember — the market for people who deal only in fiat is far larger than those interested in digital currencies.
Therefore, Kudi also functions as a peer-to-peer mobile payments app for instant fiat money transactions. Our customers can now send Naira to each other instantly with no banking intermediaries at a fraction of the cost of a traditional bank app.
How is this possible? The Kudi.Exchange mobile wallet also doubles as a payments app. Users simply deposit their Naira into the app, enter the address of the recipient, and “send”. Customers can also send money to non-customers through their phone number or What’s App number, and the recipient will be prompted to download the app to receive the money. Since this all runs on Ferrum Network tech, the Naira is transferred in milliseconds, and it never goes through a third-party.
Normal banking apps in Nigeria can take up to 24 hours to send money, and charge fees on everything from minuscule transactions to using cellular data! With Kudi, users can now send Naira instantly peer-to-peer at a fraction of the cost. We are now talking to merchants who are interested in using this app to replace costly point-of-sale system, and who want to incorporate a fast, cheap, mobile payment solution.
More Transactions = More Burned Tokens
What does all of this mean for token holders? Well for now the exchange is running on a limited private Mainnet. But when the full Mainnet goes live in a few months, users will be spending FRM tokens for every transaction. Remember: every transaction that runs on the Ferrum Network burns FRM tokens.
With thousands of Nigerians sending Naira to each other, and buying/selling digital currencies, this will have an immediate positive impact on the Ferrum Network ecosystem.
In other words, Ferrum Network will be the first project with users, daily transactions and network utility on day 1 of main net launch.
Designed to be Replicated in other Markets
Finally, the best part is that this solution is not limited to one country. The technology is designed to replicated. We can easily import this solution to other emerging markets, and partner with existing exchanges who want to incorporate a U.S. Dollar stable coin and instant peer-to-peer fiat payments. And since it all runs on the Ferrum Network, the more we expand, the more it benefits the ecosystem.
Thank You to Everyone Involved
We want to thank TLG Ventures for being the driving force behind Kudi.Exchange. We also want to thanks all of our pilot users who are making sure the product is as great as it can be — you know who you are. Finally, we want to thank the Ferrum Network community for sticking with us since the early days. We could not have done this without you.
Coming Up Next
Since Kudi is still in the pilot, we will be sending weekly traction updates on our progress. You’ll also get updates on specific aspects of Kudi, including our user acquisition strategy, and expansion into other countries and other services (e.g. merchant point of sale).
Of course all of this is leading up to a token sale (details to be released soon) so YOU can get involved in Ferrum Network!
An Overview of SaBi Exchange
SaBi Exchange happens to be the most advanced centralized Cryptocurrency Exchange in Africa. Find out more in this review by cryptowisser.
There are currently over 15 cryptocurrency exchanges in Africa with about five centralized cryptocurrency exchanges in Nigeria. However, among these exchanges. SaBi Exchange happens to be the most advanced centralized Cryptocurrency Exchange. SaBi Exchange was launched 10 March 2019. It was founded by Lucky Uwakwe and Peter Huang. Lucky Uwakwe is a graduate of Nicosia University in Cyprus and has earned a Masters Degree in Cryptocurrency and Blockchain Technology. He is the current Ambassador of Dash Cryptocurrency to Africa, Founder of Cheetah Africa and a citizen of Nigeria.
SaBi Exchange is based in Abuja Nigeria.
The exchange is powered by Huobi Cloud and has the same security and liquidity features as Huobi. SaBi Exchange has partnered with Huobi to deliver outstanding crypto trading services to the region. According to the review from cryptowisser. It has not been able to verify the details of the Huobi partnership with SaBi Exchange and as such investors are advised to read this partnership details with caution. SaBi Exchange allows cryptocurrency deposits and fiat deposits on its platform with limitations.
US citizens aren’t allowed to deposit fiat currency into the platform while some listed countries are allowed to deposit fiat currency. The countries allowed to deposit fiat currency on SaBi includes China, South Korea , Canada, Russia, Britain, India, Australia, Switzerland, Brazil, Taiwan, NewZealand, Singapore, Vietnam, Nethaland, Hongkong, Nigeria, Indonesia, Philippine, Cambodia, Middle-east, Malaysia, Myanmar, Turkey. Fiat deposits through Wire Transfers and Card Deposits are allowed using Qiwi, Paytm, Paynow etc. However, Cryptocurrency deposits are allowed by users worldwide.
Trades And Fees
Aside from the normal trade features, SaBi offers four types of trades. They include OTC-trading, Margin, Exchange and Leveraged Trading. The OTC-trading feature of Huobi Exchange comes under the following currencies—USDT, BTC, ETH and EOS. SaBi Exchange offers 2x to 5x leverage. The leveraged trading features are available on 41 trading pairs out of the 240+ trading pairs available for regular exchange trade. It also offers 0.20% trading fees on both makers and takers which is slightly below the normal 0.25% fee charged by other exchanges worldwide. It charges a withdrawal fee of 0.0005 BTC. The withdrawal exchange fee charge is approximately 40% lower than the global exchange fee charge.
SaBi uses the Huobi security protocol “Huobi Cloud” to secure its platform against hack attempts. It equally shares the Huobi liquidity to ensure a liquid trading platform for its users. The exchange platform boosts of speed and faster transactions on trading of cryptocurrency on its platform. Fiat deposits are available through wire transfer and debit cards with a good security feature ensuring the safety of users account details in Nigeria. Fiat deposit can also come through Paynow, Paytm, Qiwi, IMPS, UPI or Interac e-transfer on the platform. SaBi has developers with over 6 years of experience working with Huobi and Huobi Cloud.
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