![[Interview] Donaldson Sackey, CEO, Timeless Capital Technology, Togo](Images/downloads/670aa458a091044f782e27dee9520a6c_L.jpg)
[Interview] Donaldson Sackey, CEO, Timeless Capital Technology, Togo
Following a massive $ 1.5 billion investment in Bitcoin by Elon Musk, CEO of Tesla, the price of this virtual currency recently surged above $50,000.
Donaldson Sackey, a Togolese international footballer, entrepreneur, stylist, and architect in his 30s, recently launched his cryptocurrency dubbed Timeless Capital Coin.
Why launch his cryptocurrency? What challenges surround cryptocurrencies, knowing that most central banks in the world, especially in Africa, are reluctant to adopt them? Could cryptocurrencies be a curse or a threat to African economies? Donaldson explains.
Who is Donaldson Nukunu Sackey?
Donaldson Nukunu Sackey is an entrepreneur who owns several businesses in Europe and Africa. He is the CEO of Timeless Capital Technology.
He was also a Togolese international and professional footballer. Thanks to his work, he has appeared twice in Forbes magazine and once in Forbes 30 Under 30.
You were a football player, a Togolese international. How did you go from being a footballer to launching your digital currency? What drove you towards fintech?
I believe that as we grow, we learn many things. Some of them may serve us later in our lives. I was always interested in technology. My father was a computer scientist and he influenced me a lot. At 12, when I had some spare time I would fix my classmates’ computers. Later, I attended business school, and alongside my football career, I started studying computer science at the University of Applied Sciences. I think we learn a lot in our life that we apply when the time comes. For me, launching a cryptocurrency that is dedicated to Togo is a service rendered to the country.
Last September, you launched your cryptocurrency, the Timeless Capital Coin. What is the particularity of this new digital currency?
The Timeless Capital Coin is a cryptocurrency that is powered by an ecosystem of Blockchain-based tools and services, designed for entrepreneurs of developing countries in Africa and elsewhere. It allows entrepreneurs to convert cash into cryptocurrencies. This could be a blessing for African countries; it will help governments overcome the main barriers to development, such as high inflation, embezzlement, and corruption.
What is special about Timeless Capital is that it will have a physical cryptocurrency bank in the future. That way, customers will be able to convert their cryptocurrency to cash or buy it from Timeless Capital Cryptocurrency Bank. Our currency will be patronized by various businesses and will also be established as a means of payment.
We also plan to tackle social issues, particularly in Togo, by creating blockchain technology schools and programs.
How valuable is the Timeless Capital Coin in the cryptocurrency market today?
The Timeless Capital Coin is currently worth $ 0.10 on the market, but we are working to increase its value to, at least, $ 1 in the next couple of years. Of course, you never know, it might even exceed our expectations.
With Timeless Capital Coin, you can make the “African dream” a reality. How could this Blockchain-based currency help young African entrepreneurs, in particular Togolese, for whom access to finance is a real hassle?
Africa, which has one of the largest populations in the world, is still struggling to exploit its digital economy. There is no doubt that the potential is huge as more than half of the population is under 25. Our goal is to train this youth on cryptocurrency and allow them to learn about it.
A lot of people in Africa use more than one phone and don't have a bank account, so why not use this feature to create a platform with a banking system? This would allow entrepreneurs in Africa, including those in Togo, to harness their digital economy.
