Company Information

Get to know Afrocoin Mobile Money

Launched around 2017, Afrocoin was a blockchain-based project that introduced its own cryptocurrency, Afrocoin (AFRO). The mission was to provide a decentralized digital currency and payment system tailored for the African continent, aiming to overcome traditional banking hurdles with faster, more affordable transactions. The project focused on peer-to-peer payments and remittances, effectively functioning as a crypto-alternative to traditional mobile money services. However, the project appears to have ceased active development and community engagement since approximately 2018-2019.

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Crypto CryptocurrencyPRIMARY
Financial Other Service

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Afrocoin Mobile Money

Name: Afrocoin Mobile Money
Address: CA

Canada

Founded in

01 Nov 2012 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/40

Reviews

--/60

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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ASIC

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Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.