What is AICB?
We are proposing a blockchain financial service platform that uses NEAR protocol in offering financial services to over 2 billion African population enhancing financial inclusion tothe norks and crannies of Nigeria and Africa at large.
Cryptocurrency adoption is rapidly on the rise in Nigeria despite regulators attempt to limit access as users seeks alterative method of making transactions. Nigeria is ranked 6th (sixth) in the 2021 Global Crypto Adoption index published by blockchain analytics organization Chainalysis in October 2021 Factors driving cryptocurrency usage include a lack of access to traditional finance, depreciation of the naira and inflation Nonetheless, Nigeria is leading in the Africa’s adoption of cryptocurrency. In 2020, cryptocurrency transactions with more than $400m were generated in Nigeria, these numbers are still on the increase as transactions saw a year-on-year increase of 25% in June 2021.
AICB is divided in to 3 sections,
The first section is the utility, we are providing this section in other to allow the holders of NEAR tokens
to be able to spend their tokens directly without passing through the hassle of converting their token back to the fiat currencies, thus they will be able to use their crypto currencies directly to book flights, rides, payment of utility bills, purchase of NFTS and hotel accommodations which will allow them to travel around the world without being bothered about converting their NEAR tokens. This will enhance more NEAR token holders and more uses cases for NEAR protocol.
The second section of AICB platform is the global money transfer section, we will make use of synthetic version of several fiat currencies to transfer funds from one person to the other, this allows fast transaction and low transaction fees. we will tokenize several fiat currencies, this will allow them to make cross border transactions.
The third section is an exchange, inside the exchange the customers can trade in a decentralized manner, we will have the decentralized liquidity pool, automated market maker etc. The exchange also has the synthetic version of fiat currencies. The users connect their NEAR wallet to the exchange, to convert their NEAR tokens to Fiat currency (Naira).
AICB is proposed to be unique because it will be the first to offer free and fast transactions to customers with thanks to the NEAR protocol.
The AICB has developed the User interface https://www.figma.com/proto/t6tDKWZg1JYz0yrZpWXhh6/AICB-UI?page-id=0%3A1&node-id=588%3A16&viewport=16682%2C1445%2C0.3740508556365967&scaling=scale-down
These are the council involved