GEC NEWS WIRECould you please provide a brief on Africa Master Blockchain Company?
The main goal of AMBC is to create a digital payment system and platform across Africa using a publicly traded cryptocurrency to be used for international remittances, international payments, foreign investments as well as speculation in addition to having privately traded local tokens that will be at a constant fixed price for each African country enabling the use of these tokens as a payment solution for everyday purchases.
Some of our key values include:
- Transparency,
- Ease of use and convenience for customers,
- Cost effect and fast transactions,
- State of the art security protocols.
Take us through your products portfolio. What are your offerings for the modern enterprises?
AMBC underwent a rebranding of our coin from Africa Master Coin to AfriUnion Coin in order to promote our main goal of creating an African digital currency more clearly. In that the main purpose of AUC is to create a payment platform for Africa as well as provide international accessibility both for foreign investors thinking of entering Africa as well as African investors wanting to branch out internationally. In addition we wanted to create an actual stable token that can be used for daily transactions without the risk of price fluctuations for each African country while also maintaining the opportunity for normal speculative trade for interested customers. This will be achieved through AfriUnion Coin which will be the publicly traded coin and Afri Nation Token (ANT) for each African country.
The main service offerings will include:
- Mobile payment services using AUC and ANT,
- Remittance and international payment services across Africa as well as internationally,
- ID management and assurance services through state of the art security systems,
- Smart contracts which will enable multiple use cases from digital financial loan and other financial services to microgrid and smart metering for utilities and so on,
- Multi cryptocurrency trading and exchange services across Africa.
How do you see Blockchain as a disrupting power for the next-gen enterprises? How are your solutions backing up the same?
Blockchain changes business as we know it at its core by providing not a new way of working that touches upon the essence of each enterprise: contracts, interaction with external entities and the way assets are exchanges. I wouldn’t call it a disruption as much as I would call it foundational change, a paradigm shift. With blockchain we start thinking of the world and business as one. The new ecosystems that blockchain will allow will the game changers.
Our solutions are at the forefront of such change and thus not only are we addressing key issues and problems on a financial front but in addition are evolving the environment for consumer interaction as well as business operations.
Would you like to share some of your success stories so far?
Most definitely. We have achieved some great feats by obtaining support from Kgaleme Motlanthe Foundation as well as becoming a legacy partner of the Nelson Mandela Foundation. In addition, we have been in preliminary discussions with Zimbabwe in terms of our solution and there is great interest as well as preparing for discussions with South Africa on a regulatory approach for cryptocurrencies in order to create a safer environment for the crypto industry.
Which are the various industries that you cater to?
Our focus at the moment is to create a state of the art financial solution and hence we are only looking at the financial industry at the moment, however that will expand in the future.
What is your global go-to-market strategy, especially for the Middle East? Do you go with your partners or directly approach the customers?
We believe that each country has its own specific business culture and thus local representatives are far more effective than us trying to do everything ourselves. Thus we have appointed agents in Asia, the Middle East, Europe and Africa that we are working with in order to raise awareness for the project as well as promote it. We have additionally established a branch office in Dubai as we are looking at have a stronger presence in the Middle East in the near future.
What does your 2018 roadmap look like?
2018 is a big year for us as we are finally ready to launch the project. This will be done in a phased approach. Currently we are in the private and presale stage of AfriUnion Coin, our ICO will be held later this year with having our multi-currency wallet and coin distributions happening towards the end of the year.
