• Latest
  • All
  • How To
ImpalaPay

ImpalaCoin Wants to Flip Africa’s Trade Problems Through Cloud-Based Banking

August 28, 2018
SMS

Kenyans Ditch SMS in Favor of WhatsApp and Chat Apps

July 1, 2025
DeepSeek_vs_ChatGPT

Hackers Build Malware That Tries to Reprogram AI Security Tools

July 1, 2025
Satellite Internet

Satellite Internet in Kenya Records 9.9% Decline in Users

July 1, 2025
Safaricom Ethiopia Celebrates Big Win with 10 Million Customers

Safaricom Ethiopia Celebrates Big Win with 10 Million Customers

July 1, 2025
DHgate Tablet Cases deals
Mobile Money

Kenya Hits 45 Million Mobile Money Users With M-Pesa in the Lead

July 1, 2025
tackling Bank Fraud, Sextortion, and Ransomware in Kenya

Kenya Facing Rise in Cyberthreats from Bank Fraud, Sextortion, and Ransomware

July 1, 2025
Kenya cyber threats 2025

Kenya Detects Over 2.5 Billion Cyber Threats in Three Months

June 30, 2025
Which ISP is best in Kenya

Kenya’s Best ISP: Faiba Claims the Crown for Fastest Internet

June 30, 2025
Cars in port awaiting clearing

Relief for Kenyans as Court Blocks KRA Tax Increase for Imported Cars

June 30, 2025
kenya nil returns process

KRA Extends Tax Return Deadline After iTax System Crashes

July 1, 2025
the process of setting up an Internet service provider (ISP) in Kenya

Airtel Rises While Safaricom Drops in Network Quality Scores

June 30, 2025
google gmail

Google Rolls Out AI Cleanup Tool on Web for Messy Gmail Inboxes

June 30, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

ImpalaCoin Wants to Flip Africa’s Trade Problems Through Cloud-Based Banking

Saruni Maina by Saruni Maina
August 28, 2018
in News
Reading Time: 2 mins read
258
1
ImpalaPay

ImpalaPayBefore the wheels of Nurucoin gain momentum, another ICO led by Kenyans with a Mauritius-registered company is on the horizon. The ICO of ImpalaCoin, a cryptocurrency brought to you by ImpalaPay, a payments company that claims to have operated in Kenya for the past four years, is set to launch soon with the pre-sale having gone live on August 27.

According to the team behind ImpalaCoin, the company aims to improve financial inclusion and trade across Africa. “We are solving trading challenges faced by emerging African markets by building a robust crypto-economy,” they are quoted. ImpalaCoin wants to power trade which is hindered by cash.

So far, everything sounds awry close to Nurucoin’s proposal but instead of running an ICO to set up an e-commerce platform like the latter, ImpalaCoin’s ICO is tailored towards building a financial network on the rails of an offline and online Blockchain economic ecosystem network and interlink it with Banks, Mobile money wallets, cryptocurrencies, payment service providers, merchant agency payouts, postal corporations aided by proprietary mobile point of sales and partner terminals.

Crypto Bank

In other words, ImpalaPay Limited is setting up a financial network (crypto bank) whose main currency will be ImpalaCoin. The main purpose of the financial network is to foster international remittances and payments across the world, so far, ImpalaPay quotes that they can securely provide these services in over 117 countries.

How ImpalaPay will achieve their crypto bank, as they call it, is by offering a hybrid mobile money wallet and card that will allow integration of cryptocurrency and mobile money wallets as well as legal tender through interoperability alongside a Mobile POS platform for merchants to accept online and offline payments all which will be linked to the company’s cloud-based core banking platform.

“Africa is a continent rich in human capital, talent, entrepreneurial stamina and mineral resources and is home to one of the fastest growing middle classes in the world estimated at around 350 million. Despite the progress made, Africa is burdened by poor economic leadership, currencies that are difficult to convert and old colonial borders that were drawn for administration rather than economic markets and are inconsistent with the growth of the large commercial markets such as COMESA,” says ImpalaCoin reps.

Interestingly, the company’s website already lists partners such as UBA Bank, M-Pesa, telcos such as Africell, Airtel and MTN among other companies. At the moment (during the pre-sale), interested investors can register online and receive 50 ImpalaCoins (ICN) upon registration and like a well-tailored pyramid, every successful referral earns the investor 50 ICN. ImpalaCoin says that their ICO price is $0.20 (or Kes.20).

If you’re interested or at all curious, you can visit ImpalaCoin’s website. We also welcome you to key down your thoughts on this in the comment section down below.

Tags: Cryptocurrency
SendShare146Tweet92
Saruni Maina

Saruni Maina

I Google Bing until it Yahoos! | Email: [email protected]

Related Posts

Top 5 Platforms to Sell Bitcoin for Cash Without Stress

Top 5 Platforms to Sell Bitcoin for Cash Without Stress

June 30, 2025
kenya-parliament

Parliament Invites Public Feedback on Virtual Asset Bill 2025

May 30, 2025
Telegram

Telegram Shuts Down $35 Billion Crypto Black Markets

May 17, 2025
EFCC Hunts Four Kenyan Nationals in Connection with CBEX Fraud

Nigeria Issues Arrest Warrants for Four Kenyans in CBEX Crypto Fraud

May 6, 2025
Exclusive Trump Dinner Offer Ignites $Trump Coin Price Rally

Trump Coin Price Surges After Promise of Dinner With the President

April 24, 2025
features of the Kenya's Virtual Asset Bill

Kenya Moves to Regulate Crypto Industry with the Virtual Asset Bill 2025

May 30, 2025

Latest

SMS

Kenyans Ditch SMS in Favor of WhatsApp and Chat Apps

July 1, 2025
DeepSeek_vs_ChatGPT

Hackers Build Malware That Tries to Reprogram AI Security Tools

July 1, 2025
Satellite Internet

Satellite Internet in Kenya Records 9.9% Decline in Users

July 1, 2025
Safaricom Ethiopia Celebrates Big Win with 10 Million Customers

Safaricom Ethiopia Celebrates Big Win with 10 Million Customers

July 1, 2025
Mobile Money

Kenya Hits 45 Million Mobile Money Users With M-Pesa in the Lead

July 1, 2025
tackling Bank Fraud, Sextortion, and Ransomware in Kenya

Kenya Facing Rise in Cyberthreats from Bank Fraud, Sextortion, and Ransomware

July 1, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

Kenyans Ditch SMS in Favor of WhatsApp and Chat Apps

July 1, 2025

Hackers Build Malware That Tries to Reprogram AI Security Tools

July 1, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

Actors and Film Crews Are Worried About Veo 3 Taking Their Jobs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

More News

Kenya Detects Over 2.5 Billion Cyber Threats in Three Months

Kenya’s Best ISP: Faiba Claims the Crown for Fastest Internet

Relief for Kenyans as Court Blocks KRA Tax Increase for Imported Cars

KRA Extends Tax Return Deadline After iTax System Crashes

Airtel Rises While Safaricom Drops in Network Quality Scores

Google Rolls Out AI Cleanup Tool on Web for Messy Gmail Inboxes

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.