NavCoin, the cryptocurrency project for Africa

With a lot of cryptocurrency project now springing up, there is clear evidence that the cryptocurrency project that will win Africa and Asia will have it all since these two continent are the continent with a lot of use cases for cryptocurrency. Concerning Africa the world bank research shows that 17% percent of the under-banked population is in Africa. The situation looks grimmer in the world view but in Africa, about 80% of the population don’t have bank account, the above depicts that the financial inclusion in Africa is very low. Global money transfer is costly and it’s draining a lot of money that could come to Africa World bank posit that it is more expensive sending money to Africa the world poorest region than anywhere in the world. The recent #endbankingfraud on Twitter by people in Africa also show clearly that Africans are tired of the traditional banking system and are now looking for new ways and solution to bank themselves. Is from the above and other concerned matters couples with unique features of NavCoin that I say NavCoin is the cryptocurrency project for Africa;

Easy to Use

You know the procedure for opening a simple bank account they are asking you several documents if there are any mistakes in the documents then they refuse to open an account, also accessing your funds in different geographical location is a little bit hard. In the case of NavCoin you just need a device that is able to access the internet, with the help of the device, you can create your wallet and use where ever and whenever you want. That is why we say with NavCoin you are your own bank.

Privacy

With NavCoin , you’re able to create an infinite number of wallets without reference to the name, address or any other information.

You can do unlimited Transactions

With NavCoin, you can pay using your wallet to anyone, anywhere and any amount. The transaction cannot be controlled or prevented, so you can make transfers anywhere in the world wherever another user with a Navcoin. wallet is located.

Border-free nature of NavCoin

When you talk about transactions using NavCoin, then there are no limits. You may be in a different part of the world and the receiver might be in some another country, you can still transfer the amount without any hassle. The inter-country transaction is extremely easy with NavCoin, because its function is not under the control of any central bank. With this ability individuals can use it to receive remittances without going through the traditional process which is tedious and cumbersome

Low Operation Cost

Transferring money by using any other online forum or bank gateway is expensive as they levy considerable fees for the transaction. If you transfer NavCoin there is no need to pay commission and fees to banks and other organizations. That does not mean crypto currencies(NavCoin) are free for transactions, with crypto you are charge a very small amount of the transaction as a fee, and in NavCoin, it is the buyer who pay the small fee. Transaction fees are very small and only the buyer gets hit with it.

Decentralization

NavCoin have no central authority to control it, the network is distributed to all participants, each computer mining nodes is a member of this system.This means that the central authority has no power to dictate rules for owners of Navcoin. And even if some part of the network goes offline, the payment system will continue to operate stably.

Speed and instant ability of Navcoin

With Navcoin , you don’t need to wait a couple days for your business to receive the money. Navcoin are based on the blockchain technology, it removes delays, payment of fees and a host of other third party approval that might have been present. With the aid of the NavPay ( https://navhub.org/projects/nav-pay/ ) transactions are made simple, easy, cheaper and faster.

navcoin security is tight

All your transactions will be secure as it is using cryptography. It is next to impossible for any person other than the owner of the wallet to make any payment from the wallet unless they were hacked, don’t worry there are many ways to protect your wallet from attack when using NavCoin

NavCoin is immune to Inflation

Navcoin is not limited in supply, Even though. NavCoin has no maximum supply of coins like bitcoin. NavCoin inflation rate decrease every year with the rate of -+2 percent. Unlike fiat which is controlled by central government and have unlimited supply therefore making it prone to inflation , in NavCoin neither political forces nor corporations are able to change the maximum supply since it has its base on proof of stake in this case even if there is possibility for development of inflation it is very minimal of which holders of NavCoin are unable to notice.

Great way of growing the community

NavCoin is a community initiative that allows anyone to contribute in a number of different ways. The NavCoin ecosystem is more than just open-source development. Content creation, promotion and adoption are equally important as a decentralized digital currency that’s why the key to success is contributions from people of different skillsets. Through the community fund individuals with outstanding skills to promote the community can apply for funding and do their project to increase awareness and to promote adoption.

Powered (crypto). Pushing for NavCoin adoption.