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As Bitcoin is penetrating into different areas of the ecosystem, as its value keeps increasing day by day, minute by minute: as It’s also engaging its self in Expansion inside Africa. I’d say the crypto-coin world is a hot cake, with the prices increasing each Hour and also hits coming as of recent an attack occurred where $60 MILLION was stolen.

Africa has been called the land of opportunity that promises many ‘emerging markets of the future’. However, this then raises the question ‘which catalyst is, in reality, going to bring forth the emergence of the African market?’. The main answers have always been healthcare, education and a reduction of corruption and ignorance, amongst many others. But a new solution has entered the market, with a large shift towards mobile money over the past few years, many members of the Nurucoin -community believe Africa is a ripe for cryptocurrency adoption.

“Firstly, its use as a currency could serve to benefit many economies in the region. The local currencies used in many countries in Africa are quite difficult for local businesses as many do not hold value, or are too volatile. A country like Zimbabwe has had to abandon its currency, Somalia, and South Sudan due to prolonged civil war has had a very volatile currency.

This would mean there needs to be changed into the dollars to access the international market for essential business operations such as purchasing materials and also in imports and exports of other goods and services.” Says Isaac CEO Churchblaze Group

Nurucoin, Which is currently in its ICO stage has an advantage here by being able to hold the same value everywhere in the world, thus giving Africans quicker access to the international market but also being protected from local inflation that may be triggered by war or internal crisis. This would be especially useful in countries recovering from political instability such as Egypt where inflation amounted to 24.4% in 2016 compared 13.6% in 2010, Libya, Zimbabwe, Somalia, Congo, South Sudan, Central Africa Republic.

Other Fast growing economies like Kenya, South Africa, and Nigeria would benefit by adopting Nurucoin as a standard currency of trade. Travelling by Africans and within Africa would become very easy and manageable, Enabling Provenance and Radical Transparency in the Food Chain.

Consumer demand for “clean” food, including organic, is skyrocketing, but producers and manufacturers are often struggling to verify the accuracy of data from farm to table. Nurucoin will help via the use of blockchain.
Currently, there’s no easy, accurate and efficient way for manufacturers to know about issues like slave labour and pollution, or to identify the exact origin of a commodity. Yet consumers, especially within niche markets like organic food, are increasingly willing to pay for products that provide this information. To date, solutions have revolved around certifications and regulations, both of which add costs, are hard to enforce, and can be confusing to consumers. How do free-range and cage-free chickens differ, and what do the labels actually mean for animal welfare?

Nurucoin also plans to address the “unbanked” with a mobile payment system. By some accounts, about 70% of the 1.26 billion people in Africa do not have access to banking. The opportunity to create a stable financial system across Africa that is outside the control of the ever-changing leadership and borders is quite large. The Nurucoin ICO is selling 100 million tokens at a start price of $.10 with various discounts available in the pre-sale. The token will be tied to the price of the US dollar to a certain extent, although the value will float on the open exchanges.

The Agricultural value chain has always been managed, manipulated and controlled by the ‘middle man’ in Africa, the farmer is daily derived from their energy and effort ,Nurucoin will solve this problem by the use of distributed network, commonly referred to as blockchain, markets for agricultural products will be able to access the agro produce via use of Nurucoin and execution of the smart contracts which guarantee all agro value chain information.
Trustworthy, Efficient Supply Chains in Developed Economies.

Possibly the highest potential but least realized opportunity for Nurucoin in agriculture is in the developed world. Each year, trillions of dollars flow between farmers and buyers alone, yet currently, these transactions are hugely inefficient. Blockchain can improve the settlement process for farmers, buyers, and financiers like banks.

“Right now, the exchange of the physical commodity decouples from the exchange of payment. In other words, farmers often deliver their harvest but then have to wait weeks or months to be paid. Farmers lack the ability to conduct due diligence on their buyer, so buyers can compete on payment terms, and therefore offer lower prices. This lessens market competition and further lowers prices, as growers go to larger multinationals and incumbents who have less risk of default. Simultaneously, levy collectors and research organizations have no access to data provenance information: they receive their payments, but cannot connect the money to the farmer who has paid. And finally, financing options are both costly and limited because the industry is perceived as risky — and for good reason, as there are many insolvencies.” adds Isaac CEO Churchblaze Group

Nurucoin can change all of this by enabling real-time payment on delivery. As a result, farmers get paid immediately, industry competition increases and keeps prices higher, and buyers save time and money. Also, adding transparency, trust, and efficiency to settlements can decrease risk and unlock new financing mechanisms for banks.

Investment in Nurucoin
Another benefit of the Nurucoin is that exchanging data through it does not depend on the help of a central authority or traditional bank. Currently, in Africa, there is a large dependence on foreign capital as a source of investment which is coupled with a small financial services industry. The use of the blockchain can help alleviate this problem by cutting out the use of banks. In 2014, the World Bank reported that only 34% of adults had a bank account.

The blockchain is potentially something that could provide better access to capital since it is not run by complicated bureaucracies. This implies the technology can be more efficient providing capital, at a cheaper rate and faster speeds.
A strong theme of corruption has led to a reduction of trust towards governments in African nations. Using Nurucoin, everybody would have a copy of the ledger so there is no longer a need to trust a single organization.

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