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Banking made Possible for Unbanked Africans with Imani Blockchain Payments Platform

Banking made possible for unbanked africans with imani blockchain payments platform

Banking made Possible for Unbanked Africans with Imani Blockchain Payments Platform

Banking made possible for unbanked africans with imani blockchain payments platform

African countries still have a considerable portion of the adult population that remain unbanked. Heidi Metz, the CEO and founder of payments startup Imani, is focusing on helping African citizens by providing them a blockchain-based, cheap mobile banking platform where users can store both fiat and digital currencies. This according to a GeekWire report published May 23, 2019.

Paydays are a Risky Affair in Africa

The priorities of people in the blockchain industry seem pretty straight—helping as many people in as many places as possible.

The world today has more than 1.7 billion people who neither own a bank account nor are connected to any mobile banking services according to the data released by Global Findex.

Heidi Metz, CEO and founder of mobile banking startup Imani, is set to change that across African countries by helping people use blockchain-based banking platform developed at Imani.

In her interview with GeekWire, Metz said that in the initial stages, their focus will be to disrupt the West African nations with their blockchain-based mobile wallet and payment system which will support multiple cryptocurrencies. It will help citizens store, save and transfer fiat as well as digital currencies. She added that moving to blockchain technology before they started with the product development was their smartest move.

According to Metz, paydays in African countries are a risky affair. Due to the low value of African currencies and people not having access to bank accounts, they are forced to take briefcases full of cash from their workplaces to their home. The risks involved in carrying huge amounts of cash isn’t very unknown to any of us.

Metz stated:

“Everyone knows it’s payday, and it’s like having a target on your back.”

Imani has currently partnered with Solageo, a company selling solar and renewable energy products in developing countries, with plans to reach out to customers as it processes payments for clean energy items through its platform. In the near future, the startup plans to partner with various telcos in order to not restrict their customers to some specific cell providers or phones.

Metz said that the benefits that Africans can reap from the platform are many:

“Imani not only provides an alternative to burying or carrying cash, but also protects customers’ information, and charges affordable transaction fees.”

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Published at Sun, 26 May 2019 06:00:16 +0000

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Blockchain AI Underdog Autonio Yields Over 40X Returns for ICO Investors

As we know, the crypto industry is being increasingly seen as a viable and profitable investment avenue. However, crypto trading, because of its new market, is highly unpredictable and volatile.

Autonio entered the market with an aim to offer every level of investor an opportunity to reap the rewards of crypto trading. Essentially, the platform is a decentralized trading bot, merging blockchain and AI technology. The peer-to-peer network is used to determine any code upgrades, which local clients then implement. This results in a gradual and ongoing improvement of the platform.

Members on the platform can buy or sell their trading strategies, as well as their consultation time. In addition, the platform has built-in and extremely-advanced trading indicators; the full spectrum of them can be found on their website: https://auton.io/

The platform’s medium of exchange is the NIO token, which is ERC20 compliant. NIO’s value increased by over 2,000% in its first week alone, with daily trading volume exceeding $430,000 during a spike between the 8th and the 10th of November, followed by another spike between the 12th and the 16th. At one point, NIO pushed the market cap to over $9 million, and it is now sitting at $3.7 million. NIO currently has a circulating supply of 65,828,135, and a total supply of 220,466,789.

Investors in Autonio’s ICO actually received extra returns: Autonio only raised $54,000—mainly because they did not try to oversell themselves—and all remaining tokens that weren’t burned were equally distributed to investors. In actual fact, they received 24.1646 times more tokens because of this. In addition, most investors also received a 70% discount as they contributed in the first round.

That means although the official ICO price was set at $0.05585 per token, the actual price paid by most investors was $0.0014059. Based on the actual price, Autonio made over 40 times as much on their returns, and if they sold at the peak, they would have made returns of more than 95 times as much.

“I have confidence in my vision and in what I’m trying to build,” said Ali Raheman, the Project Manager of Autonio.

“Because of the experience of my mentors, the feasibility of what we’re building was in constant check, and fortunately for us, the community saw that and wholeheartedly supported us. This is a very humble beginning for a platform that has been made purely for the community, and with the interest of users and investors in mind.”

The owner of NewsBTC, Jonathan Millet, as well as Andrew Wagner, who is the Community Manager for the news portal, are both advisors on the project. They have stated that are proud to work with successful clients who don’t disappoint investors, and that’s exactly what Autonio is.

The platform also has a very active online community on Telegram (t.me/Autonio), thanks in part to the many activities that they’re involved in. This includes airdrops like the one held for MBRS holders, and there will also be one for all ETH holders in the future.

In addition, the platform also holds trading competitions (more on http://nioking.algoshare.net/) in order to which attract high-quality traders. These competitions not only act as a great way for crypto investors to experience the benefits of Autonio, but they also allow the platform’s AI technology to learn from the strategies of the winning competitors. The platform has already had profits ranging from 1,062% to 4,235% APR.

Based on the excellent response to Autonio, it seems as if both their popularity and adoption will continue to grow. By combining the increasingly popular AI industry with the continuously growing blockchain industry, the sky is the limit as to what further advancements can be made, and what more Autonio can offer.

The post Blockchain AI Underdog Autonio Yields Over 40X Returns for ICO Investors appeared first on NEWSBTC.

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