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.
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.
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
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.”
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,
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