In recent years, digital coins, also known as cryptocurrencies, have grown in popularity in Africa. While cryptocurrency adoption in Africa is still in its early stages, there are a few countries where it is gaining traction, including Nigeria, South Africa, Ghana, and Kenya.
Nurucoin is expected to be the first Kenyan currency to provide worth to buyers and sellers by eradicating all intermediaries costs when paying locally or internationally. This is the first comment you will see on the NuruCoin official website.
Nuru Coin is described in its first white paper as the first peer-to-peer digital currency that allows immediate, zero-fee transactions to anyone anywhere in the globe.
NuruCoin, which was launched in 2017, provided a personal cryptocurrency for crypto specialists in Africa, a country with a market capitalization of more than $2.5 billion.
Nobody is surprised by the widespread adoption and profitability of cryptocurrency in Africa. However, the circulation of cryptocurrency performance in Africa has been significantly impacted by the interference of its government and authorities such as SAARS.
In light of the preceding, Muthui proposed introducing NuruCoin, which solved more than fifty percent of the world’s transaction challenges.
Despite being a relatively fresh name in the crypto market, Nurucoin has become renowned as a solution to all financial crises in intra-African trade.
Isaac Muthui, the founder and CEO of Nuru Inc., introduced this digital currency as a business-to-business generator of money transactions or trading of goods and services.
What Nurucoin wants to address
Nurucoin intends to bring currency and banking to parts of the world that do not currently have them, as well as to take government control from it across Africa.
Furthermore, Nurucoin’s goal is to completely transform the way business is conducted in Africa through the use of cryptocurrency and blockchain technology.
The digital currency is beginning in East and Central Africa as a remedy to the volatile currency situation, particularly in countries such as Zimbabwe and Congo, where their currencies are weakened.
Nurucoin’s goal is to get rid of most of the fraudulent intermediaries as possible and to establish something modular, scalable, and simple to enable intra-African trade. As a result, they’ve already amassed a remarkable portfolio of businesses.
Numerous ICOs have only a white paper and a website, with no proof of concept code. But for Nurucoin, they already have a large business operating and have established a variety of financial products to assist that business; now they are simply integrating blockchain and cryptocurrency functions into it.
Nurucoin also intends to reach out to the “unbanked” through a mobile payment system. The potential to establish a stable financial system across Africa that is independent of ever-changing leadership and borders is significant.
As of 20217, the Nurucoin ICO was selling 100 million tokens at a starting price of $.10, with various pre-sale discounts available.
To some extent, the token was linked to the price of the US dollar, though its value fluctuated on open exchanges.
Nurucoin has proven to be an effective substitute for the widespread use of cryptocurrency in Africa. Although it lacks strong financial backing, it has enabled countless investors to profit by investing in it.
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