It's official. SAFCOIN, an exclusively African focused crypto-currency, officially launched on 13 December 2018.
Local crypto enthusiasts recently were able to be part of 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 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 are 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 technology for every individual to benefit from the positives of crypto-currency. All whilst maintaining the highest levels of business ethics and standards," says Ferreira.
The launch of the SAFCOIN crypto, wallet and exchange lays the foundation for many innovative developments in the future with the rollout to Africa, e-commerce integration and other developments already well under way.
Although crypto is currently unregulated in South Africa, SAFCOIN decided to self-regulate the exchange by adopting KYC (Know your customer) protocol and FICA compliance to ensure friendly use.
First call centre opened in Garden Route
SAFCOIN opened its first South African call centre on the Garden Route in the Western Cape recently, offering assistance and support to customers on using the various SAFCOIN platforms in English, isiZulu, isiXhosa and Afrikaans, with plans to add more official
languages and centres in the near future.
SAFCOIN core values
For more information and to buy your SAFCOINS, visit www.safcoin.co.za
The SAFCOIN mobile wallet app and exchange can be downloaded on Google Play Store or on the Apple AppStore. Visit the SAFCOIN website for download links.
* Safcoin is a registered member of The Blockchain Association of Africa.