Africa launches first-ever crypto-powered freelance marketplace

Africa recently launched its blockchain-powered freelance marketplace called MobiJobs.Africa that connects small and medium-sized businesses with potential freelance job seekers and arranges payment in SAFCOIN cryptocurrency once jobs are completed, The South African reported on Monday.

SAFCOIN, South Africa’s very own cryptocurrency, has enabled the launch of blockchain-based freelance jobs platform, called the MobiJobs.Africa intends to connect freelance job seekers and micro-jobs across the whole of Africa for free.

According to a recent study conducted in the Q4 2019, more than forty percent (40%) of the African youth is still unemployed. However, the region has witnessed substantial technological growth to support the infrastructure to carry out short-term or freelance gigs. In fact, South Africa experienced a tremendous surge in temporary employment recently, increasing the number from two and a half million in 2017 to close to four million in 2018.

Africa rolls out its maiden crypto-driven freelance marketplace

Thus, with the launch of MobiJobs, more number of Africans will get an opportunity to showcase their talents and skills and get access to an impressive and increasing number of job opportunity listings. All they would need is internet connectivity and an electronic device.

With a marketplace that hosts a myriad of job services, including job listings in the freelance category, establishing and boosting online presence without paying hefty agency fee or completing the cumbersome setup process, and advertising skills and expertise required to get the job, MobiJobs.Africa lets African youth seek jobs effortlessly and securely without having to open up bank accounts or pay to sign up fees. This crypto-driven freelance marketplace allows employees to earn in SAFCOIN. 

Essentially, any MobiJobs user can get his or her cryptocurrency wallet automatically generated by joining the platform to facilitate the exchange of payment between buyer and seller. Any African resident, with or without a bank account, can sign up for this service for free.

Africa – A breeding ground for opportunities

Up until now, Africans have been deprived of digital labor platforms such as MobiJobs because of limited or no accessibility to banks or financial institutions. In fact, at the 50th World Economic Forum held in Davos last month, when the topic of rising unbankedness in Africa took centre stage, several crypto industry leaders proposed that blockchain technology could be the solution to this problem.

Besides, the ones with the bank accounts have to pay significant transaction fees, commission, and payouts that consume a substantial chunk of their freelance earnings.

For this reason, MobiJobs was started as an effort to offer opportunities to job aspirants who wish to circumvent bank fees. With SAFCOIN payments, the firm ensures convenient, straightforward, and secure payment transactions between individuals and companies.

Commenting on the launch, CEO of SAFCOIN, Neil Ferreira, said that MobiJobs would empower African youth and businesses in the region to tap the right opportunities and gain global exposure. The platform enables users to exhibit their worth, take up internships, ask for references and testimonials, and also network with employers across Africa. All of this and a secure cryptocurrency gateway ensure that employees are paid their worth without any delays or cuts, he said.

With payment giants like MasterCard that Africa will be a hotbed for e-commerce growth and emerge into a five hundred billion US dollars ($500 billion) by 2030 and Twitter CEO Jack Dorsey calling Africa the critical deciding factor for the future of Bitcoin, initiatives like MobiJobs do play an essential role in educating people and bridging the gap between the youth and businesses using blockchain and cryptocurrency.

Featured Image by Pixabay

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