SAFCOIN launches Africa’s first blockchain-powered jobs marketplace

By Partnered Content Mar 11, 2020

Share this article:

Western Cape – SAFCOIN, an exclusive African cryptocurrency, has launched Africa’s first 
blockchain-powered micro jobs platform, aimed at connecting businesses and gig economy 
workers across Africa, for free.

MobiJobs.Africa lets start-ups and small to medium-sized businesses list jobs, search 
freelancer profiles, and establish an online presence without set-up, hosting, or development 
costs. It also lets freelancers market their skills, build their experience, and “buy” listed jobs, 
even if they don’t have a bank account.

There are no joining, account, or transaction fees, 
and jobs are paid for in SAFCOIN cryptocurrency.

Youth empowerment

In the fourth quarter of 2019, over 40% of South Africa’s youth, aged between 15 and 34, 
were unemployed, and 13.4 million youth in Africa do not have jobs.

Now, technology is enabling the growth of the freelance, or “gig” economy, with more people 
taking on short-term, flexible tasks to make money.

In South Africa, 3.9 million people were 
in temporary employment in 2018, up from 2.6 million in 2017. In Africa, nearly 86% of 
employment is informal.

MobiJobs aims to empower more Africans to access global work opportunities, grow their 
experience, and sell their skills and talent online. All they need is a mobile phone or laptop 
and connectivity.

Digitally and financially empowered

Jobseekers in Africa have, until now, been restricted from participating in digital shared labour platforms like MobiJobs because they had little or no access to bank accounts. In fact, around 1.7 billion, or 62% of sub-Saharan Africans, are unbanked.

MobiJobs uses blockchain technology to eliminate banking fees. Powered by SAFCOIN 
cryptocurrency, it facilitates an easy, secure payment process between individuals and 
businesses through the SAFPay gateway. Payment is secured before the service provider 
begins the job, and is released once the job is marked as completed.

Through the MobiJobs Workdesk, freelancers can manage their jobs, advertise their skills, 
communicate with clients, and rate their experience.

Neil Ferreira, CEO of SAFCOIN, says: “Our goal with MobiJobs is to help individuals in 
Africa to take their skills and talents global, and to empower small businesses to tap into a 
global skills pool, as and when they need to. Through the platform, users can gain 
experience, build their internship hours while studying, ask for testimonials from businesses 
they’ve completed tasks for, and build relationships with companies across Africa.

All this via 
a free cryptocurrency payment gateway that ensures they get paid quickly and securely, with 
zero transaction charges.”

Taking Africa into the Fourth Industrial Revolution

The Fourth Industrial Revolution has resulted in thousands of job losses as technology 
increasingly takes on roles traditionally performed by humans. But the benefit is that the 
same technology that drives this revolution can also empower individuals to access a global 
jobs marketplace and opportunities in less-penetrated e-commerce markets.

MasterCard predicts that African e-commerce may generate over $500 billion a year by 
2030, equivalent to nearly 10% of GDP, and the World Economic Forum says e-commerce 
will generate three million new jobs in Africa by 2025.

“Combining cryptocurrency and the blockchain with e-commerce is a huge breakthrough for 
the industry. Adoption of cryptocurrency across Africa is increasing steadily and usage is 
arguably the highest among emerging markets,” says Ferreira.

“Africa is evolving into the Fourth Industrial Revolution and we’re proud to be at the forefront, 
creating awareness, educating people, and connecting the youth and businesses through 
blockchain and cryptocurrency-powered platforms like SAFCOIN and MobiJobs.”

Click here
 to find out more about MobiJobs, and 
here
 to find out more about SAFCOIN.

About SAFCOIN

SAFCOIN is a cryptocurrency founded by Africans, for Africans. Launched on 13 December 
2018, following a successful ICO between July and October 2018, SAFCOIN is now 
available in South Africa, Botswana, Uganda, and Nigeria, for Fiat deposits, transactions, 
and withdrawals.

It aims to promote social and economic growth across the continent, by becoming the 
chosen source of trading currency across Africa, through e-commerce payments and 
remittances.

Source Link