AFRICUNIA - DIGITAL BANK OFFERING TRADITIONAL BANKING SERVICES USING BLOKCHAIN

Since its launch in 2009, Blockchain Technology along with the underlying technology has sparked a wave of technological and social revolutions that have sent ripples in industrial gangs. Today, not only is the financial sector using Blockchain technology, but other industries such as Healthcare Providers, Insurance Companies, Government, and IOT. Applications using Blockchain Technology seem unlimited.

One thing is certain: Blockchain technology is here to stay like the internet for the past two decades. But amidst the hype about Blockchain Technologies and digital currencies, their adoption in the mainstream financial industry has been a disaster. Already, some banks have started developing very easily the methodologies and standards that align technology with responsible innovation. In 2016, the IMF and World Bank held the conference hosted by the U.S Federal Reserve where it was estimated that 90 Central Bank committed to researching distributed ledger Technology (DLT), Blockchain and digital currencies to create responsible digital currency

What is Africunia?

Africunia is a World Bank Africunia Open 100% Full-Full-Digital Bank based on Blockchain Technology.

Africunia as a new and unique Financial Institution not only offers traditional banking services such as savings & checking accounts, debit & credit card issuance, foreign exchange loans and services but will also provide innovative services such as bank-to-bank. transactions, the interconnection of the traditional financial world and the startup of cryptocurrency.

Bank Africunia will be a full-fledged digital bank accessible everywhere, 24/7. It will function like a conventional bank, but it will not host any branch or physical front office

Technology

To stay within the limits of conventional banking, we will use the API (Authorized Payment Agent) for using appropriate service and innovation standards.

The base of AFRICUNIA BANK is an increase in capital invested according to customer development which in turn maximizes profit. In addition, as far as technology security is concerned, our network architecture is decentralized.

Therefore, data storage, cryptographic encryption and security mechanisms for the identification, authentication and authorization of individuals or corporations are linked by the instrument. However, data processing is done automatically using the applied AI algorithm

Our value

Our main goal is to become the industry standard and one-stop shop to set up a token fund, regardless of whether the fund is invested in the universe or crypto nature