Connect with us

Videos

Frame 48 Releases Documentary Showcasing Why Dash Digital Currency can Decrease Financial Friction in African Markets

Published

on

Frame 48 Releases Documentary Showcasing Why Dash Digital Currency can Decrease Financial Friction in African Markets

Documentary will examine the current economic crisis in Zimbabwe and how digital currency is uniquely positioned to help

Frame 48, a creative collective specializing in film and commercial production, in collaboration with Dash, the top digital currency for payments, has announced the launch of Starting From Scratch, a documentary centered on how blockchain technology and digital currency can help improve the chaotic economic environment in Zimbabwe.

The project was funded by Dash’s Decentralized Autonomous Organization (DAO), a group of Masternode holders that vote to fund proposals with Dash’s treasury. The documentary focuses specifically on Kuvacash, a Dash-powered money system designed to provide Zimbabwe with its first-ever peer-to-peer localized digital currency payment service for anyone with a mobile phone-number.  By accelerating the adoption of digital currency, Kuvacash and Dash are providing a viable solution to Zimbabwe’s current crippling cash crisis.

Seth Josephson, Creative Producer at Frame 48, said: “We were approached by a few members of the Dash community to take a look at the DAO, a global group of Masternode holders that vote on proposals paid for by the Dash blockchain. The unique governance model has funded conferences, sports sponsorships, and university research programs, so when we learned about the ongoing political crisis and resulting economic instability in Zimbabwe, we decided to submit a proposal to the Dash Community to create a documentary that would help educate the broader public about what was happening there, and how organizations like Kuvacash and Dash are working to fix it.”

“We were particularly interested in true use-case scenarios for digital currency as a means for day-to-day exchanges. The majority of investment in digital currency has been speculative in nature, but there are many organizations around the globe that are working with blockchain technology to improve people’s lives in tangible ways. With Starting From Scratch, we are hoping to shed some light on the potential that blockchain technology has to accelerate the affluence of people who have not had a way to properly store value in over a decade. The Dash DAO has been particularly interesting to me, as they are consistently voting to invest in developing nations,” added Josephson.

After Zimbabwe’s hyperinflation crisis of 2008, thousands of citizens lost their entire personal savings, leaving many looking for alternative ways to secure their existing assets. This was not the first time Zimbabwe’s economy had struggled, as the national currency was re-denominated three times prior to 2008, with each representing a significant loss of value. EcoCash, provided by telecom company Econet, has become the primary means by which people transact today, and to purchase anything internationally citizens must buy USD or other fiat at a steep fee on the black market. The Zimbabwean Government has tried to address the crisis by issuing bond notes ostensibly pegged to the U.S. dollar, but this has not solved the issue as even the bond notes continue to lose value, which is why international digital currency such as Dash can help secure the value of people’s money.

Ryan Taylor, CEO of Dash Core Group, said: “I’m excited to see a documentary educating the public on the benefits of this very nascent and sometimes misunderstood industry. With the debut of Starting From Scratch, we have the ability to show the world how digital currencies can dramatically improve the lives of people within struggling economies by reducing the friction of commerce and offering a secure and accessible means to store assets. The progress that Kuvacash has achieved in Zimbabwe – creating a service that directly addresses local challenges – demonstrates the enormous potential of this technology. We hope this will be used as a prime example for other organizations looking to implement similar projects to combat volatile economic conditions.”

AndreikoKerdemelidis, Co-founder of Kuvacash, added: “Kuvacash is a set of services that make it easy for individuals to transact Dash in similar ways to the e-money systems currently available in Zimbabwe. Everyone from the street trader through to the expat sending funds back to their family should find Kuvacash a convenient way to make or receive their day-to-day payments. With our agent network, we also provide the ability for people to easily switch in and out of USD cash at any time, without having to wait in queues or use a bank.”

 

Videos

Global Banking & Finance Award Winner – BPC

Published

on

In this exclusive interview we spoke with Jane Loginova, BPC about the ways BPC helps financial institutions create relevant digital experiences for customers.

Continue Reading

Videos

FE CREDIT and The Journey To Customer Experience Enhancement

Published

on

FE CREDIT q4o6PYnc47E

As a leading enterprise in the consumer finance industry, FE CREDIT is being on the mission of constantly enhancing digitalization and adopting advanced technological platform in order to bring customers optimum experiences when they use the company’s products or services. With the endeavour of shortening the distance with customers, Genesys is considered a strategic platform applied by FE CREDIT to serve customers the bests as soon as they concern or are in need of financial services.

Website: www.fecredit.com.vn

 

Continue Reading

Videos

Global Banking & Finance Award Winner -PT Sucorinvest Asset Management

Published

on

Global Banking & Finance Award Winner -PT Sucorinvest Asset Management

Exclusive interview with Mr. Jemmy Paul Wawointana,Chief Executive Officer of PT. Sucorinvest Asset Management

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2020
2020 Global Banking & Finance Awards now open. Click Here

Latest Articles

86% of UK businesses face barriers developing digital skills in procurement 1 86% of UK businesses face barriers developing digital skills in procurement 2
Technology7 hours ago

86% of UK businesses face barriers developing digital skills in procurement

A shortage of digitally savvy talent, and a lack of training for technical and soft skills, hinder digital procurement initiative...

ISO 20022 migration: full speed ahead despite recent delays, says new Deutsche Bank paper 3 ISO 20022 migration: full speed ahead despite recent delays, says new Deutsche Bank paper 4
Finance19 hours ago

ISO 20022 migration: full speed ahead despite recent delays, says new Deutsche Bank paper

Today, Deutsche Bank has released the third installment in its “Guide to ISO 20022 migration” series, which offers a comprehensive...

What Skills Does a Data Scientist Need? 5 What Skills Does a Data Scientist Need? 6
Business20 hours ago

What Skills Does a Data Scientist Need?

In this modern and complicated time of economy, Big data is nothing without the professionals who turn cutting-edge technology into...

The importance of app-based commerce to hospitality in the new normal 7 The importance of app-based commerce to hospitality in the new normal 8
Technology4 days ago

The importance of app-based commerce to hospitality in the new normal

By Jeremy Nicholds CEO, Judopay As society adapts to the rapidly changing “new normal” of working and socialising, many businesses...

The Psychology Behind a Strong Security Culture in the Financial Sector 9 The Psychology Behind a Strong Security Culture in the Financial Sector 10
Finance4 days ago

The Psychology Behind a Strong Security Culture in the Financial Sector

By Javvad Malik, Security Awareness Advocate at KnowBe4 Banks and financial industries are quite literally where the money is, positioning...

How open banking can drive innovation and growth in a post-COVID world 11 How open banking can drive innovation and growth in a post-COVID world 12
Banking4 days ago

How open banking can drive innovation and growth in a post-COVID world

By Billel Ridelle, CEO at Sweep Times are pretty tough for businesses right now. For SMEs in particular, a global financial...

How to use data to protect and power your business 13 How to use data to protect and power your business 14
Business4 days ago

How to use data to protect and power your business

By Dave Parker, Group Head of Data Governance, Arrow Global Employees need to access data to do their jobs. But...

How business leaders can find the right balance between human and bot when investing in AI 15 How business leaders can find the right balance between human and bot when investing in AI 16
Business4 days ago

How business leaders can find the right balance between human and bot when investing in AI

By Andrew White is the ANZ Country Manager of business transformation solutions provider, Signavio The digital world moves quickly. From...

Has lockdown marked the end of cash as we know it? 17 Has lockdown marked the end of cash as we know it? 18
Finance4 days ago

Has lockdown marked the end of cash as we know it?

By James Booth, VP of Payment Partnerships EMEA, PPRO Since the start of the pandemic, businesses around the world have...

Lockdown 2.0 – Here's how to be the best-looking person in the virtual room 19 Lockdown 2.0 – Here's how to be the best-looking person in the virtual room 20
Top Stories4 days ago

Lockdown 2.0 – Here’s how to be the best-looking person in the virtual room

By Jeff Carlson, author of The Photographer’s Guide to Luminar 4 and Take Control of Your Digital Photos suggests “the product you’re creating is...

Newsletters with Secrets & Analysis. Subscribe Now