14 December 2019 by Océane
While the countries financially and technologically-advanced have already taken the first step to take advantage of the benefits of the Blockchain, Africa does not want to be left out. Bit Sika, the startup ghanaian money transfer cross-border, transforms the face of Africa through Africa Stable-Corner (ABCD), the first stablecoin african.
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The Naira put in honor of
ABCD is the token of the trustee corporation ABCD Group. It would be indexed on the Naira, the national currency of Nigeria, which will provide liquidity relatively high.
Just like the versions tokenisées Trust Token, ABCD, has been constructed on the network Binance Chain, the Blockchain, which is native to Binance.
Atsu Davoh, the CEO of Bit Sika, argues that the stablecoin ABCD has great ambitions that are not limited to simple purchases of crypto-currency with local currency. The Africans will be the first served, knowing that the stablecoin vehicle a sense of identity and leads to more familiarity.
In addition, the choice turned to the national currency of nigeria is not accidental, because the startup is well aware of the huge popularity of the Bitcoin and crypto-currencies to Nigerians, in addition to the fact that Nigeria is one of the largest economies of Africa.
“Nigeria is one of the most frequented places by the crypto-currency in Africa at this time, and while we expect to include other currencies in africa in the future, the country is a good starting point for us,” said Davoh.
A project that is very professional
The launch of ABCD has been a project rich with experiences. In effect, this stablecoin is part of the incubation program launched by Binance, earlier this year.
Binance is not the only big company behind the project. In fact, he could not see the light of day without the assistance of Linovo Capital. Moreover, Davoh would have even had the opportunity to meet Jack Dorsey, CEO of Twitter, during his trip to Ghana.
In order to ensure confidence in the use of the asset, ABCD Collective has been the subject of an audit monthly conducted by an independent, licensed public accountant.
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