✔ Basket-pegged to major reserve currencies
✔ Fully backed by reserves for trust & transparency
✔ Instant, low-cost cross-border payments
13 of 54 African countries had double-digit inflation in 2024
Currency volatility erodes purchasing power and creates business uncertainty
8.37% average remittance fee vs. the United Nations's 3% target
10-30% trade payment overhead with correspondent banking
$1T+ by 2035 in Africa cross-border payments
$2.8T GDP, 1.4B people, but only 16% of trade that is intra-African
54 countries with inconsistent regulatory environments
42 different currencies
Three layers: simple for users, flexible for regulators.
Aggregation layer
Backed by a basket of fiat currencies
Conversion layer
Automated settlement & routing
Local units
Backed 1:1 with domestic currency reserves
Basket peg smooths volatility vs. USD-only coins, giving households/SMEs better protection against inflation.
Transactions settle in minutes vs. days and cost <0.5% vs. >8% for some corridors.
Onshore reserves, regulator dashboards, configurable limits and controls.
Consolidated liquidity creates one big pool for market makers and financial institutions, driving lower pricing.
Basket peg smooths volatility vs. USD-only coins, giving households/SMEs better protection against inflation.
Transactions settle in minutes vs. days and cost <0.5% vs. >8% for some corridors.
Onshore reserves, regulator dashboards, configurable limits and controls.
Consolidated liquidity creates one big pool for market makers and financial institutions, driving lower pricing.
A Moroccan textile exporter pays a supplier in China:
MAD
sMAD
AFRICOIN
CNY
MAD
sMAD
AFRICOIN
CNY
Africoin is available where you transact
Africoin is the regional settlement asset, pegged to a basket of major reserve currencies (USD/EUR/GBP). In some markets, regulated banks/PSPs issue local units (e.g., sKES, sNGN, sMAD) 1:1 with the domestic currency, fully backed by on-shore reserves. Where local units aren't available, users transact in Africoin directly. Settlement still routes through Africoin.
A basket-peg historically reduces volatility vs USD‑only pegs, improving savings stability and regulatory confidence.
Local unit reserves are ring‑fenced onshore. Supervisors get dashboards showing supply, flows, counterparties and can set limits or freeze addresses as needed.
Target corridor fees are 0.3–0.5% with ~10–20 bps FX spread capture on conversions—well below today's averages for remittances and trade payments.
Africoin is not a "global replacement currency" like Facebook's Libra. Instead, it is designed as a two-layer system that strengthens, rather than undermines, African monetary sovereignty.
This model avoids Libra's pitfalls:
✅ In short: Africoin complements existing currencies and enables cheaper, more stable African trade and remittances, without the sovereignty risks that caused Libra to fail.
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