Usawa, an asset-backed digital currency, designed to help make an impact on poverty in underdeveloped and developing countries, is looking to launch its services in Kenya.
''We're striving to provide a safe store of value for the equivalent of $1B USD over the next 5 years. This is done by helping individuals in threatened countries invest directly in our [#Usawa] asset-backed tokens.'' @NealonSolutions President #Usawa https://t.co/aZ3a03cSsz pic.twitter.com/z2vFd2Y2oq
— Rich TvAfrica (@RichTvAfrica) April 24, 2019
Speaking about the new offering, Gary said:
”The value of our token is designed to be stable & slowly increase over time. Usawa tokens are not a speculation or consensus currency like Bitcoin or most all of the other cryptocurrencies on the market today.”
Gary also spoke about investment opportunities that the company is offering that bypass government financial manipulation:
”Our [#Usawa] token was built specifically to provide a safe, asset-backed, liquid, store of value for individuals living in countries that have been taken advantage of on the global playground.”
"Tokenisation is about taking a hard asset, widening ownership and diversifying the risk. We are now seeing that around the world." https://t.co/q3FxU5b6Zh @NealonSolutions @bantigito @RichTvAfrica @mindspeakclub | https://t.co/qhpIrgphqb pic.twitter.com/hgMTzjkJcl
— Rich Frontiers (@RichFrontiers) April 24, 2019
Gary hopes Kenya will become the first country where the model can be proven before it rolls out to other developing countries. At the moment, the idea is to work with governments that are more receptive to the idea and technology before going global.