Page 75 - Msingi Afrika Magazine Issue 14

Innovata Africa

everything. That’s why our central In Europe, you had the post-paid Bitcoin works on cheque, you get a
banks are so worried. We should system where you consume the cheque and in turn you write a new
not be frustrated that the Nigerian communication service and at the cheque based on that cheque. How
central bank has just banned cryp- end of the month, you get the bill do you get the initial cheque? It is
tocurrency transactions. It’s normal. in your mailbox. That is the culture, obtained by mining which is helping
The central banks are caring for the the culture of trust, the culture of the blockchain to process cheques.
stability of the country. being together; this is the way they The blockchain is a network of
are because of their history. We in people that are processing transac-
We have to address those issues Afrika, we don’t have that, that is tions for everyone, and everyone
that’s why I was telling you that Ne- why, in 2000, mobile phones did not who does that job gets paid and you
bucoin considered all the stakehold- take off in Afrika. get paid in cheques and that is called
ers that are involved in the business mining. You are paid for that. We
transaction that is the payer, the pay- But, when MTN, an Afrikan com- have in Nebucoin have separated
ee, the bank – they are important, pany, imagined a new way of billing the mining of the coin from the
even if you don’t like banks, they customers, they called it pay as mining of the block. This has a very
have the experience. Bankers know you go… MTN was the first in the important impact on the consump-
how to protect information that world. They said, ‘No, you cannot tion of energy. You cannot mine
is not something that you can just bring the same that we do in Europe Nebucoin on PC, it is a mobile only
learn in one day. That is knowledge in Afrika, we have to design a differ- cryptocurrency. Our software will
that you can acquire over 50 years, ent way of billing. We are going to only mobile phones. We have made
even hundreds of years. You can’t call it pay as you go. You pay in ad- it such that only mobile phones
just throw that away. Bitcoin wants vance and consume what you have can mine new Nebucoin. It is the
to eliminate banks and governments. paid for.’ Suddenly, mobile phones world’s first ecological cryptocur-
We just came out of independence, became an instant success. Now we rency.
most Afrikan countries don’t have have mobile banking, mobile insur-
50 years and Bitcoin now says they ance. Everywhere in Afrika mobile And you’re preparing to launch it
don’t want governments. No. It is phones are a total success because when?
important that Afrikan governments one Afrikan company decided to
become stronger, it is important that adapt a technology to the context of We are making everything possible
we help them fight money launder- Afrika. that Nebucoin will be launched
ing. Everywhere in Afrika we have around September this year.
problems with corruption, embez- That is why me and my team are
zlement of government funds. Do doing the same thing. We went from Marcel is very interested in hear-
you want a cryptocurrency where the context, to the people, to the ing back from you concerning
people can just make transactions solution and not the reverse. the conversation around cryp-
without any name, without any tocurrency in Afrika, and spe-
recording? That is not good for a How exactly does Nebucoin cifically around the Nebucoin.
young country. work? If you want to get in touch with
him let us know and we will put
That is why at Nebucoin we have Nebucoin will use most of the you in touch with him. He wants
made a cryptocurrency where ev- principles of Bitcoin, that is the to open up this conversation to
eryone who is making a transaction Blockchain. Nebucoin has its own Afrikans on the continent and in
is identified by his or her phone Blockchain. Also, it will use most of the Diaspora.
number. Why do we have Nebucoin the way transactions are processed
on mobile phones? Because mobile into the Blockchain, for example Click on the image below to watch the
phones are one of the few things in we also have blocks, blocks are interview on our YouTube Channel
Afrika that work so well. Also, they mined into the Blockchain. The only
are the place where we can learn difference is we have separated the
how adapting technology to a con- mining of coins into the mining
text works. If you remember when of transactions. Mining is a kind
mobile phones started in Europe, it of proof that you have done some
was not doing well in Afrika be- work and therefore you deserve to
cause they brought the same thing. have a cheque. I told you earlier that

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