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Connect Coin – Bringing an Effective Change in the Global Payment System

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Connect Coin

The online mode of payment has enabled people across the world to pay and transfer funds easily, without the barrier of any geographical restriction. Within a digital transaction, consumers merely have to confirm the purchase and the payment is processed in no time. However, there are some critical pitfalls that keep people from harnessing optimum benefits out of electronic means of payment transfer.

Essential Setbacks Associated with Fiat Currency Transfers

  • Instability in Value of Fund

With passing years, the value of fiat money tends to depreciate, leading to inflation pressure because of higher import prices and increased export demands. It generates a critical issue for businesses with small capital and restricts them to be a part of the global market.

  • Lack of Exposure to Banking System

Even in this era of globalisation, merely 41% of the global population own bank accounts. More than half of the world population still cannot transact or trade beyond their physical boundaries.

  • Lack of Security

Fiat money transactions are always vulnerable to online fraud as the same card (debit or credit) can be used by anyone to make payment without adequate authorisation. Additionally, to complete an online transaction, users have to submit their personal information, thereby increasing the chances of identity theft.

CITL- Aiming to Transform the Global Payment System

Connect CoinCryptocurrency International Tanzania Limited (CITL) is a private limited liability company located in the United Republic of Tanzania. The company intends to transform the existing global payment system and money transfer by allowing users to make payments using a single dedicated cryptocurrency. Additionally, the company has also addressed the precariousness associated with cryptocurrencies as well as fiat currency and integrated blockchain technology to develop a decentralised and stable token known as Connect Coin (XCON).

Connect Coin (XCON)

Connect Coin is a standard ERC-20 Ethereum-based coin developed with an objective to ‘Connect the World’ by simplifying the online mode of payment and money transfer worldwide. XCON envisions empowering merchants by rendering them secure, efficient and blockchain-based payment system known as Connect Pay to showcase and advertise their products and services. The company has developed an extensive global Connect Marketplace that enables consumers and merchants from around the world to participate in trading activities using Connect Coin.

Connect Coin Solutions

Connect Coin offers the following solutions to its buyers and sellers:-

  • Transfer at Lower Cost:

Blockchain technology enables Connect Coin to eliminate middlemen, who are primarily responsible for high transaction fees. With Connect Coin, users can transfer funds immediately at a lower cost.

  • Multi-Currency Mobile Wallet:

CITL offers multi-currency wallet that allows cryptocurrency users to store crypto-tokens, exchange cryptocurrencies, and execute real-time fund transfer.

  • Transparency in Transactions

Blockchain’s confirmation mechanism along with transaction recording system does not allow users to double book or double spend and ensures that the entire process is organised and transparent.

  • Maximum Data Security

Within blockchain, transaction order is completed by dividing it into blocks and connecting those blocks into a chain. This helps in avoiding the chances of data tampering in the transaction process and guarantees optimum security.

Connect App

Connect App enables users to deposit, send, and receive Connect Coin from other users in real-time. The app also facilitates users to pay for goods and services to merchants worldwide who accept Connect Coins. Through this app users will be able to:-

  • Safely store their purchase coins
  • Obtain flexible and easy way to use their acquired coins
  • Enjoy low fee transactions
  • Pay for goods and services seamlessly 

Connect Coin – Making Online Payment Hassle-Free for Users

CITL is a private limited liability company that aims to revolutionise the global payment system and make it more efficient and secure for users. It has developed a dedicated token, denoted as Connect Coin that allows users to buy and sell products and services from any part of the world using this single coin. Additionally, the integration of blockchain further ensures that the fund transfers are executed efficiently, transparently, and securely.

Learn More about Connect coin on  https://connectingcoin.io/

Telegram : https://t.me/CONNECTCOIN

Facebook : https://www.facebook.com/connectingcoin

Twitter : https://twitter.com/connectingcoin

Instagram : https://www.instagram.com/connectingcoin/

Youtube : https://www.youtube.com/channel/UCpOMai74r0oMTwHKFzXHdTw

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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Dash Donates 1,000 books to Campus BCAT

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Dash Donates

Lagos, February 24, 2020Dash, the top digital currency for payments and local adoption through ​Dash Nigeria, today announced the launch of a ‘Digital Cash Awareness Drive’ inclusive of distributing over 10,000 copies of ‘Digital is the Cash’ book across Nigeria, Ghana, Cameroon & Haiti in English and French languages.

1,000 copies will be donated to the ​Campus BCAT​, a project of ​CryptoTVplus​, to be distributed across 30 university libraries, BCAT clubs, & tertiary institutions in Nigeria.

Nathaniel Luz, Lead of Dash Nigeria, says this is in a bid to promote the knowledge and understanding of Digital Cash, in the barest non-technical terms possible to the mass of people. He said this is the third phase of the campaign with the previous two (2) producing ​Digital Cash academy​ in text and ​Pidgin English videos​.

Digital is the CashThe ​book​ tells the history of money, the global financial system and its failings, fintech applications, blockchain, and the need for digital cash. It teaches Digital Cash in an easy-to-understand way while portraying the advantages over the legacy financial system.

According to Tosin Miracy, Director of the Digital Cash Awareness Drive, the campaign is positioned to give proper awareness and education of digital currencies to the public and correct some false notions that have earlier prevailed.

“We’ll focus on regulators, financial institutions, student clubs, tertiary institutions and libraries that are accessible to the public. It’s our belief that by donating 10,000 copies worth $100,000 across 4 countries and 2 languages, we’ll increase the reception of individuals and organisations towards digital currencies”.

Miracy also stated that translation of the book into French is ongoing with plans to translate the book into Spanish other languages in order to reach more nations of the world.

Applications for free copies of ‘Digital is the Cash’ book can be made ​here​.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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Blockchain Africa Conference 2020 Announces Binance as a Premier Sponsor

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Binance Sponsor

Bitcoin Events is pleased to announce Binance as Premier Sponsor of the Blockchain Africa Conference 2020

Binance, the world’s largest crypto exchange by daily trading volume, is expanding its operations in Africa and is a proud sponsor of the Blockchain Africa Conference 2020. Binance was founded by CEO Changpeng Zhao (CZ) in 2017 and is now the top global trading platform for over 100 cryptocurrencies.

At the Blockchain Africa Conference 2020, Binance will detail its expansion efforts into South Africa as well as its projects and initiatives with the Binance Charity Foundation.

“Binance is proud to be open for business in South Africa, which is one of the most exciting markets for crypto,” CZ said.

BinanceThe company’s first expansion on the African continent was in Uganda in 2018 when it opened the first fiat-crypto exchange with trading pairs with the Ugandan Shilling. Binance also partnered with a global payment technology company allowing Nigerians to purchase BTC, BUSD, BNB with Naira (NGN) with debit and credit cards.

“Binance is dedicated to increasing the freedom of money and the advancement of blockchain technology. The African continent is a major part of this mission – where millions are unbanked but remain innovative in their use of technology. The Blockchain Africa conference is leading conversations around cryptocurrency and blockchain technology in Africa and Binance is keen to communicate with key industry stakeholders and thought leaders in Africa to jointly promote technology evolution in this new era across the continent,” he added.

See You at the Blockchain Africa Conference 2020 in Johannesburg!

<< REGISTER NOW for the Blockchain Africa Conference 2020 >>

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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Terrabit Enables Web Staking for CREDIT Token Holders

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TerraBit

JOHANNESBURG, South Africa, Feb. 15, 2020 — Leading South African blockchain company Terrabit has announced the launch of web staking for its digital currency credit (CREDIT) to enable anyone with an internet connection to earn staking rewards.

TerraBit

Terrabit is a South African cryptocurrency exchange that offers fiat-to-crypto services in five African countries. The trading platform features all major coins and pays 100% of fees to users through referral. At Terrabit’s core, it offers users a decentralised digital payment solution and a hybrid PoW/PoS blockchain, CREDIT.

Terrabit provides CREDIT holders with a range of exchange options, zero transaction fees, and fast payments. Additionally, the company provides a staking platform and wallet, MiniPOS, which offers the most straightforward and rewarding CREDIT “mining” solution available on any digital device.

Now, CREDIT holders can also stake their tokens online to earn up to 100% staking reward per annum via Terrabit simple-and-easy-to-use web staking platform. This enables anyone with an internet connection to earn staking rewards when holding CREDIT.

CREDIT web staking features include:

  • Web-based CREDIT staking up to 100% per year
  • Profit is paid hourly
  • No lock-in period
  • 5 level referral
  • Easy-to-use

Daniele Marco Ronchese, founder of TerraBit and creator of CREDIT, said: “We are delighted to introduce web staking as a service to CREDIT holders as a new and convenient way to earn staking rewards.”

“Cryptocurrency staking has traditionally involved a complicated technical setup that has acted as a barrier to entry for the average investor. With our new web staking offering, we can empower all digital currency investors – big and small – to start earning staking rewards simply by holding their tokens on our secure online platform.”

To learn more about Terrabit, CREDIT and web staking, visit www.terra-bit.io.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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