AFRICUNIA* Digital Bank based on the Blockchain Technology*

A distributed ledger (also called a shared ledger, or referred to as distributed ledger technology) is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions.There is no central administrator or centralised data storage.

A peer-to-peer network is required as well as consensus algorithms to ensure replication across nodes is undertaken. One form of distributed ledger design is the blockchain system, which can be either public or private. But not all distributed ledgers have to necessarily employ a chain of blocks to successfully provide secure and valid achievement of distributed consensus: a blockchain is only one type of data structure considered to be a distributed ledger.In 2016, numerous banks tested distributed ledgers for international payments. Blockchain technology proponents believe it can be used to create secure and convenient alternatives to time-consuming and expensive banking processes. And this theory seems to be gaining traction, as almost every major bank around the world is testing it.

For example, banks are trying to create systems that decrease the number of participants involved in transactions. But some have invested more heavily than others. Some are investing in blockchain startups. Others are partnering with fintech companies that use blockchain (in fact, nearly all blockchain-based proofs of concept (POCs) developed by banks have been undertaken in conjunction with fintech partners.)

Banks are exploring blockchain technology for several reasons, primarily cost savings and efficiency. But let's dig into blockchain in finance a bit more to examine the major factors behind this push.

• Cost savings and efficiency: Blockchain's strengths are highly attractive to banks, which are dealing with rising costs for maintaining or replacing their aging infrastructure and ensuring compliance with heavy regulatory burdens. Furthermore, banks must deal with increasing economic instability.
• Competing with startups: Fintechs are using blockchain tech to offer services (such as remittances and international payments) at reduced costs, with greater speed, and with more user-friendly interfaces than major banks. As a result, banks have started to construct their own blockchain-based solutions to better compete with these up-and-comers. 
• New business models: Banks can use blockchain-based systems to circumvent central bodies or legacy infrastructure (keep in mind this was the original blockchain use case). Banks could potentially develop these systems to create brand new business models that disrupt the financial ecosystem.

AFRICUNIA BANK where Innovative Banking Technology was created to build the Digital Currency and financial investment.

The team are talented, passionate and hardworking individuals from across the continent, combining efforts to manage coding, creating and building relationships in the financial arena. Our leadership has a solid foundation in financial technology, crypto currency, venture capital, entrepreneurship, product development, asset management and legal regulation.

After establishing a network system with Blockchain Technology, they aim to create technology and a wave of social revolution that will open health care, insurance and modern government departments.

As the third generation of Digital Bank we will use internet to know the wave of digital currency. Once we apply our stupid proof methodology, our standards will align the technology with the goal of responsible innovation. Just like any other conventional bank, we will not establish a branch or a physical front office. We will be accessible to people in all walks of life throughout the day and night.

The role of AFRICUNIA BANK

The bank offers most tokens (AFCASH) in the form of fully crypto-oriented investments or pegged for transactions for gold and currency currencies. Parties interested in decentralization, transparency and exchange can take advantage of our platform.

Investor confidence will be encouraged once the token fund is approved by legal counsel. Risk factors will be transformed into opportunities to sustain the investment process.

Through the development of standard platforms, large investments will be withdrawn through token funds. Our bank believes that we will continue to introduce industry standards for the purpose of setting up token investment forums.
5.Openness and accountability will be translated through tokenisasi interests of funds and profit sharing.

Investment managers will get approval using the AFRICUNIA BANK platform to enable them to build and run token investment funds. This is possible without going through the development of payload and IT infrastructure.

AFRICA plans to scale to offer traditional banking products and thrive in Blockchain-based technology era, which eventually becomes a one stop shop for all banking requirements.

We are in the process of implementing AFCASH - crypto-based on the AFRIKA Protocol Consensus Algorithm (APCA) to address partially solved partial problems, consensus and utilities. Our main goal is to develop new standards for forested investment that will act as a catalyst to bridge the gap between fiat and cryptocurrencies.

We offer a vision for a new standard of tokenized investment vehicles that will help bridge the gap between conventional and crypto universes. In particular, the AFCASH platform will be a one-stop shop solution for asset managers who want to create and manage the appropriate funds.

In essence, AFRICUNIA BANK will apply Blockchain technology advantages everywhere in the world of traditional investment. If you are in doubt using Blockchain technology for classical investments, our AFCASH is your solution. It combines all aspects of tokenized vehicle investment from technology to infrastructure and legal compliance to create responsible "cryptocurrency".

You envision a bank that offers the best financial and investment services available to everyone without limitation, where you can safely store and manage your crypto assets, and where you can trade and exchange securely and quickly. It's here now - your bank and financial market - AFRICA.
To stay within the limits of conventional banking, we will use the Authorized Payment Agent (API) for use appropriate service and innovation standards.

ICO Circulating Supply 500,000,000 AFCASH
Price per coin $0.10

For more information please visit links:

Website: https://africunia.com
Telegram: https://t.me/africunia
Facebook: https://www.facebook.com/africunia/
Twitter: https://twitter.com/africunia/
Github : https://github.com/africunia
Slack : https://africuniabank.slack.com/
Whitepaper: https://africunia.com/wp-content/uploads/2018/02/AFCASH-Whitepaper.pdf
ANN : https://bitcointalk.org/index.php?topic=2847593

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