Progress for Africa Currency Initiative

by Marvin Dumont

Apollo Africa is making strides in building relationships with government officials, business leaders, and influencers in the continent of 1.2 billion people.

The team recently met with Lesotho government officials, and preparation for further meetings is underway. Lesotho is a country in the southern part of the continent with a population of 2.2 million.

Meetings will soon took place with Comoros government officials. Comoros is an archipelago in east Africa with a population of nearly 900,000.

Moreover, exploratory trips have been made to Botswana with plans to expand the Apollo Bank Network. And the Apollo sandbox in Zimbabwe is now being set up. The Zimbabwe sandbox is expected to be initiated in Q4.

The foundation is working to have Apollo all-in-one currency (APL) be adopted as national currency, first in Africa then beyond. That means a national government, institutions, merchants, and consumers widely use APLs for economic activity including transactions, remittances, sales, deposits, and storage of value.

Here are inflation rates in the region:

  • Zimbabwe (75%)

Stay tuned for updates.

Apollo (APL) all-in-one privacy currency combines features of mainstream cryptocurrencies in an unregulatable platform. With two-second block speed, APL is one of the fastest cryptos on Earth. “Apollonauts” use features such as Encrypted Messaging, Smart Contracts, Decentralized Exchange, Dapps, and Decentralized File Storage.

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