Blockchain4Africa is building a transparent financial ecosystem using blockchain technology to accelerate mass adoption of cryptocurrencies and boost Africa’s economic growth. The KUDI Ecosystem is the financial ecosystem we are building based on blockchain technology with KUDI Exchange and KUDI Pay at its core and all elements of the ecosystem interoperable.
Traditional financial systems can be inefficient, expensive (money transfer rates can be as high as 20 percent), complicated to use and lacks transparency. According to the 2017 Global Findex report by the World Bank Group, “globally, about 1.7 billion adults remained unbanked-without an account at a financial institution or through a mobile money provider”.
Traditional banks are struggling to reach the unbanked in Africa but have tried in expanding mobile market to 16% of the market. Africa is a global leader in mobile money, with telecom operators embracing innovative practices that allow customers to not only pay bills but also access services including loans, insurance, and savings.
KUDI Ecosystem is a new transparent financial ecosystem for mass adoption of cryptocurrencies. It’s an ecosystem that bridges the traditional financial market with the cryptocurrency market
This is a user-friendly p2p crypto-fiat and crypto-crypto Exchange. It connects the ecosystem to the traditional financial market.
KUDI Coin is the fuel of the ecosystem. KUDI Ecosystem would issue its own native cryptocurrency either through an ICO or a Selfdrop.
KUDI Pay is a multicurrency mobile wallet with a built-in secured and encrypted chat messenger. A mobile application combines the functions of a wallet and a messenger
KUDI Debit Cards
KUDI Ecosystem would be partnering with card providers to issue crypto-based debit and credit cards.
KUDI Dapps This are decentralized applications which would be used to increase KUDI Coin use cases.
KUDI ATM Branches
KUDI ecosystem in future would have its own ATM machines in several places around Nigeria and later-on Africa.