DafriBank — The Multipurpose African Bank

Md Arif
5 min readNov 28, 2021

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Over 200,000 customers around the world use DafriBank for three reasons: Smart, Digital, Borderless.

DafriBank-The Multipurpose African Bank
As blockchain and crypto expertise have been at the forefront of the next industrial revolution in recent times, Africa has made concerted efforts to ensure inclusion in the dialogue. As an African multipurpose financial institution with more than 1 million clients worldwide, DafriBank presents the venture of the African Digital Finance institution (DBA) and aims to make it Africa’s number 1 digital currency.

Introducing DafriBank
DafriBank is an African multipurpose financial institution exploring immediate and higher-end options for saving, generating funds, handling buyer and corporate cash anytime, anywhere. Standard banks are finding it difficult to handle demand from trendy digital-focused companies, which has limited their progress. DafriBank overcomes this weakness by offering a typical digital banking company that may be fast, secure, and cost-effective. Its aim is to democratize monetary enterprises, bring individuals out of the spiral of the standard banking system, and encourage individuals and companies to stagnate and prosper in the international financial situation.

More than 1 million clients worldwide use DafriBank for similar purposes with no hidden fees, smooth security features, easy payments, and no delays. DafriBank supports personal accounts other than corporate accounts. Non-public financial savings accounts are accounts that serve clients’ deposits towards monetary security and peace of mind, and corporate accounts help clients deal with their daily banking and special business needs such as investing, blocking free 3rd round transactions, financial saving purposes, and fast transactions worldwide.

DafriBank Aims for Africa’s №1 Crypto Bank

Statistics from Google Tendencies have revealed that African countries are all consistently ranked in the top 20 countries worldwide in cryptocurrency-related searches, demonstrating the huge potential of crypto in Africa.

But the reputation of the cryptocurrency and blockchain technology options in Africa while the laudable one leaves a lot to be desired. To encourage wider adoption of nascent technologies namely blockchain and cryptocurrencies, examples of extra progressive uses must be put forward to disrupt many additional industries.

DafriBank is a DBA, a cryptocurrency setup to realize its elite position as Africa’s premier cryptocurrency due to the increasing variety of uses made specifically for Africans. DBA was specifically created to behave instead of foreign money used throughout the DafriBank ecosystem to help its customers take advantage of trendy instruments similar to blockchain and cryptocurrencies to streamline banking processes. The token was later adopted as a governance token for financial institutions. In addition to having a say in the future choices of financial institutions, buyers can vouch for a DBA and get curious.

Growing with agency perception
DafriBank has the agency’s perception and dedication to providing an empowering, enabling, and accessible digital society, without leaving anyone behind. In this changing world, he seeks to absorb the traditions of connectivity, digital expertise, and relative products that can help close the digital divide. DafriBank also has a basic perception that there is energy in connectivity and digital companies to strengthen economic capabilities.

DafriBank (DBA) IEO Project
This financial technology company is Africa’s largest digital entrepreneur-focused bank and is the flagship brand of DafriGroup PLC, a publicly-traded company founded in South Africa, the UK, Botswana, Nigeria, and the Comoros Island.

DafriBank became the first bank in Africa to offer its business accounts a built-in Merchant API which has attracted global household names such as Bittrex Global, IQ Option, XM Global, Deriv LTD (formerly known as Binary.com) Exness Brokers, Globex360, FXCM Brokers, Fresh Forex, and ChainEX just to name a few.

We recently signed a strategic partnership agreement with one of the largest commercial banks in (Nigeria) to co-brand and offer MasterCard credit & Debit cards that can be used on a global scale. We have partnered with Circle, a global financial technology company, the second-largest USDC Stablecoin issuer, and are in the process of bringing Credit & Debit card payments into our system.

The DBA token is currently trading on CoinMarketCap at $11.5 per token with a diluted market cap of $1,144,957,338 with an ATH of $34.38 and a low of $10.49.

$DBA is built under the Binance Smart Chain Protocol (BEP20) to make it highly scalable for users. Smart contract address 0x1006ea3289b833b6720aaa82746990ec77de8c36

Legal
Registration country: South Africa

Office address: 35 Mozart Lane Midrand, Forte Complex, Johannesburg, South Africa, 1685

Digital Bank of Africa Roadmap

Q4 2019

Idea Conception

Define market segments

Estimation of development cost

1. Q1-Q2 2020

Project feasibility

Preliminary Research

Team structuring

Business Development and Logistics

First Investor Donations to the tune of $5 million

Legal processes

Q3 2020

DafriBank Digital Banking system development

DafriExchange Web & Mobile App development

Development of DafriPay

DafriEstate expansion and land acquisition

Q4 2020

DafriExchange open for public trading

DBA Token Internal sales month 1 begins.

DafriBank Digital Banking system pre-registration begins

The development of the DeFi application begins

Q1- Q3 2021

DBA Token Internal sales end.

Listing of DBA on Tier 1 exchange platforms.

Launch of DafriBank iOS Mobile App

Start of DafriBank 1 million customer campaign begins.

Development of DafriNative Wallet with DApp Integration

OMAHA hotel Mthatha open for bookings

DafriBank final testing and release to the public

Release of DafriPay for public use

Q4 2021

DafriBank ATM card rollout

Integration of DeFi Lending Protocol to Dafri networkEnd of vesting period and commencement of 3% monthly token release to investors

OMAHA hotel Limpopo open for bookings

The development of acquired landed properties begins

2. Q1- Q4 2022

DafriBank commercial banking license application submission to CBN with N25 billion down payment. DafriBank Nigeria headquarters construction begins

DBA adopted as the main currency across all DafriNetwork

Q1 — Q4 2023

The launch of DafriChain, The expansion of OMAHA Hotels into West Africa

Preliminary Research of DafriBlockchain University of Africa (DBUA) begins

Preliminary Research of DafriPrivate Hospital begins.

The establishment of DafriSport Academy in 3 major African football countries., token burn

The process of establishing DafriAir begins.

DBA is already listed in Coinmarketcap, Coingecko, and in top exchanges at $15 but they can purchase it today at the launchpad in Latoken, ProBit, P2PB2B at $1.8 only.
- Discuss DBA in detail, get all information from the official website:
https://www.dafribank.com/

#DafriBank #DafriBankDigital #OpenBanking #DigitalBanks #DigitalPayment #OnlinePayment #PaymentSolutions #CrossBorderPayment #DigitalEntrepreneurs #InvesInAfrica #Bitcoin #InstantMoney #InstantPayment #eWallet #Binance #MobileMoney #DigitalMoney #CryptoBank #Forex #Foxcampaigns

for more information:

DafriBank official website:

https://www.dafribank.com/

https://twitter.com/DafriBank?s=09

https://www.facebook.com/DafriBank/

https://t.me/DBATalk

https://www.instagram.com/dafribank/

https://www.linkedin.com/mwlite/company/dafribank-limited

https://www.dafribank.com/investor-relations

Creator:

Bitcointalk Username: ARIF3221
profile link:https://bitcointalk.org/index.php?topic=5371346.msg58517449#msg58517449
Bsc Wallet: 0x6cec29A5668D5EcfA829b766Fb62b2b53A8A6B94

Proof of authentication;
Telegram username:@ARIF90900
Campaigns applied: Article
DBA address (Trustwallet): 0x6cec29A5668D5EcfA829b766Fb62b2b53A8A6B94

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