AFRICUNIA BANK

AFRICUNIA Limited is registered in England under the United Kingdom Government’s Standard Industrial Classification (SIC) for Banks and Financial Services

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About AFRICUNIA BANK

AFRICUNIA BANK project is going to be a 100% fully Digital Bank – a digital bank based on the concept of Decentralised Ledger Technology – Blockchain. Our new and unique Financial Institution is going to offer not only traditional bank services such as opening of savings & current accounts, issuing of debit & credit cards, loans/lending, exchange but also would interconnect the world of traditional finance and cryptocurrency Startups.
It will be the 1st African Crowdfunded Open Bank and it would have its own digital currency called AFCASH which is open for purchase during the Initial Coin Offering (ICO).

Features

Some of the notable features of our Blockchaint Technology and Digital Bank Ecosystem would be:

• APIs

• EMIs

• Commercial Bank licence

• Digital Pass Technology

• Internet of Things (IoT)

• Big Data

• Applied Artificial Intelligence (AI)

• Credit & Debit Cards

• Lending/Loans

• Savings, Current & Checking Accounts

• Decentralised Ledger Technology

• Smart Contracts

• Instant and scalable transactions therefore over-the-counter and Point of Sale (POS) payments will be a cakewalk and as easy as ABC

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Technical Info

• For the singular purpose of our INITIAL TOKEN OFFER (ITO), AFCASH Token is ERC20 compliant and as such can be stored on Ethereum wallets which support this protocol. However, will develop own Blockchain Technology system based on AFRICUNIA PROTOCOL CONSENSUS ALGORITHMS (APCA) and test it for correctness, consensus, and utility.

• Digital Signing Algorithm

• Combination of two Algorithms (Proof-of-Work + Proof-of Stake)

• Blockchain Technology will be compatible with all programming and coding languages as this will enable us generate a larger following of users and miners

• A WebAssembly that can be run in modern web browsers with a compact binary format that runs with near-native performance and provides languages such as C/C++. Furthermore, it will also be designed to run alongside JavaScript.

• Cross-Chain Interoperability with other Blockchains for advanced smart contracts features