by Marvin Dumont
Apollo Fintech held an AMA (ask me anything) session this week and answered the community’s questions on various topics.
On Knox and APL liquidity:
According to CEO Steve McCullah,
We are going to the Reserve Bank in South Africa to get approval. But we are also waiting for our UAS (United Allied States) bank to launch so that we can process our credit card payments directly.
Knox Global will launch alongside the first portion of our ecosystem. Knox Pro should have fiat quite soon.
On the next airdrop for APL holders:
We are planning on doing the first one soon after we start the IEO (initial exchange offering).
How will money raised from the IEO be invested?
The proceeds will be used to fund the Apollo ecosystem such as marketing, use cases, exchanges, etc.
Any updates on the buyback program for Apollo coins?
We don’t have an exact number as of now. This will be largely determined by the amount of funds that are raised. Our goal is one billion or more APL.
Apollo Fintech is developing world-shaping fintech solutions for a global economy. Its product categories include Government Solutions, Commercial Products and Consumer Products. Apollo Fintech’s new platforms and tools include National Currency System, Tax System, Commodity Exchange, Mineral Claims System, Government Bank Platform, White Label Payment System, Bank Network, Knox Exchange, DEX, Apollo Cash and Apollo Currency.
Learn more at aplfintech.com.