September 29, 2022

A Web3 era company, Digital Nation Builders, not too way back said it purchased FHM, the corporate that created safcoin, South Africa’s touted first proof-of-work cryptocurrency to itemizing on a world alternate. Due to the Web3 firm’s acquisition of FHM, the cryptocurrency will now “itemizing and merge all its digital use-cases and platforms into the model new VNB-built Cowrie alternate and partnerships.”

Supporting Consumers’ Digital Needs

Digital Nation Builders (VNB), a Web3 era firm, not too way back printed it had purchased FHM (Pty) Ltd., the South Africa-based writer of what’s dubbed Africa’s first cryptocurrency — safcoin.

In an announcement, VNB, which is 30% owned by the use of the blockchain laws firm Schindlers Authorized professionals, described the combo of the two firms as a really highly effective step that may improve their respective “purchasers’ digital needs throughout the Web3 revolution.”

Due to FHM’s acquisition by the use of VNB, the safcoin cryptocurrency, which was once launched in 2018, “will itemizing and merge all its digital use-cases and platforms into the model new VNB-built Cowrie alternate and partnerships.”

Commenting on the plans to itemizing on further exchanges, Neil Ferreira, the co-founder and CEO at FHM, said:

Alongside facet VNB, we plan to extend our world achieve with further world alternate partner listings. We had good improve from the world crypto market with our first file, and we’re proud to be flying the SA [South African] flag into the worldwide crypto sphere.

Described as South Africa’s first proof-of-work cryptocurrency to itemizing on a world alternate platform, safcoin is reportedly traded on Hotbit and Chainex.

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Blockchain Enabled Options

Within the meantime, Maurice Crespi, a partner at Schindlers Authorized professionals and the CEO of VNB, is quoted throughout the statement touting the two’s companies’ involvement throughout the successful public sale of the non-fungible token (NFT) of former South African president Nelson Mandela’s arrest warrant.

“The sale gave a glimpse of the possibilities introduced by the use of the digital realm through virtualisation. The options that blockchain permits and its packages are actually not restricted to finance. Utilizing blockchain—and particularly good contracts—can even be carried out in numerous industries, along with neighborhood upliftment and trade efficiency,” Crespi outlined.

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, creator and creator. He has written broadly regarding the monetary troubles of some African nations along with how digital currencies might give Africans with an escape path.

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