IBITx Software announces new African brand to focus on blockchain incubation and commercialization
17-04-2018 08:03:01 | by: Bob Koigi | hits: 1338 | Tags:

IBITX Software Inc. has announced its new African brand, AFRIBITx.com.

IBITx Software Inc. as a crypto-currency exchange platform and crowdsale software provider is positioned well to assist blockchain companies and ideas in their incubation and development within Africa.

IBITx Software has a talent pool of blockchain developers in India, Philippines, and South Africa, with the intent to develop not only crypto-currency but the effective use of Blockchain across the continent.

The brand “AFRIBITx” will endeavour to become the exchange, crowdsale, and blockchain incubator brand for the African Continent. (www.afribitx.com)

“Our intention is to launch in partnership with a financial service provider a regulated environment in at least 2-8 African Countries to start ideally by June 2018. The system’s skeletal structure is available for testing, however, we are still endeavouring to negotiate with regulated brokers and regulatory organisations as to which Country will house the first African Blockchain incubator, Exchange, and Crowdsale system,” Rose Marie D. Araos, CEO IBITx Software Inc.

The intent is to incorporate a revenue sharing partnership with local brokers as the “management and custody” locally of the various markets.

There have been several developments in blockchain technology across the African continent, including the African Union announcement with Hyundai to produce an African Union crypto-currency, and President Cyril Ramaphosa who has supported the idea of a single currency for the African Union, and suggested that it may be “digital-only”.

Cryptocurrency is in high demand around Africa with demand throughout 2017 leading to crypto prices as much as 40% above global averages.