ImpalaCoin (ICN) concept is to enable revolutionary banking in Africa specifically by building an end to end payments infrastructure that allows Financial inclusion and trade finance.
Our target market is the Informal and SME trader involved in cross-border trade (Intra-Africa & International trade) this particular segment is responsible for 70% of Africa”s International trade supporting 44% of its 1.2 Billion population. To this end we have built payments infrastructure to China & Asia allowing easy capital movement. As a matter of fact several related revenue streams are complimentary including digitizing International remittances and tapping into the 30 trillion cash payments in emerging markets.
ICN is a utility coin running on ImpalaPay’s existing and extensive rails in mobile and digital processing and the Stellar blockchain.
ICN value is backed up by commodities in designated secure warehousing as well Fiat Mobile money float which is the most tradable commodity in Africa and China,YES more than oil. Against this two but not limited to them we will enable the trader to access trade finance and borrowings.
We expect ICNs Utility coin to be the most successful in terms of real life use and we intend this to be the one of the biggest offline & online blockchains.