A new mobile phone cryptocurrency network is under development and is set to be released in 2019, a South African banker has announced.
Shaun Burrow who resides in Mauritius said his virtually free digital platform dubbed DéMars (DMC) will deliver financial services to unbanked adults in developing markets like Sub-Saharan Africa.
According to Burrow, two thirds of the left out group own mobile phones and this presents a lot of opportunities.
“I was simply blown away to learn that 1.7 billion adults don’t have access to basic financial services,” he said.
He further added that DMC will take care of the high costs of sending money in Africa as the product is virtually free.
