I’m writing this post on the 17th day of September 2023. After reading the post, you will clearly understand why the US took action.
Amidst raging economic scrumbles led by a country that had just been sanctioned, things seemed to fall apart. For the first time Africa lost trust in the dollar. Whatever caused this is a very long passage but what transpired jeorpadised the state of the United States dollars. A new standard backed by minerals and natural wealth was created. This proposed a relative value of 1 against 55 USD. Now here is the reason why the US took action.
7 years prior to this escalation, a fintech company in East Africa had launched a financial infrastructure. This was to empowered a cashless and more organised economic society for the entire continent. Without the need to create a one currency, this system made all African currencies understand each other automatically.
The system had 3 currencies that were used in relation to other currencies. The KES, UGX and the RWF. During the epidemic local down, these currencies and the Indian Rupee experienced the lowest rates of inflation.
In 2020 and 2022, a policy that had a direct negative impact on the operations of this company was passed in Uganda. This forced the company to Cease providing financial services in Uganda until it had in possesion a minimum of 10 Billion Ugx.
At that time the company had just announced it’s evaluation as being 3.8 Billion Ugx. This policy definitely targeted taking the company out of business. If it was not for Kenya and for their determination to go digital full scale, the grand Innovation would have vanished at that instant.
For 2 years, the company survived on services offered in Kenya. This forced the company to take down the social media platform that was too costly. All api integrations had been blacklisted and the company could not even receive payments from advertisers.
In 2020, arrangements to comply with the new policy were started. The company got incorporated as Cash Chat Limited and obtained all the necessary license and certificatation. The company company now started upgrading the entire system eliminating all possibilities of future failures.
This first version was built on pure reliance on existing financial systems. The upgraded version will be so inclusive but with more self reliant capabilities. In the first 5 years after launching the upgrade, a total of 10Million decentalised jobs will be created bu Cash Chat Limited in Africa and around the world. An AI is being trained to maintain high standards of integrity on all company platforms. The AI prototype is also available in the Cash Chat Bank app from the playstore.
Why the US took active
After acquiring all the other requirements, a BOU certificate required the company to raise capital. The company at an evaluation of $30 USD at that time, decided to sell 7% of it’s stake to raise €2.1M this was equivalent to $2.3M at that time. This sale was split into 70 thousands tickets. Each Ticket was sold at €30 which was equivalent to $32 at that time and 100,000 Ugx.
The tickets were sold globally and had the term sponsorship tickets. This was listed as a donation with expectations. If you paid $32 it was registered on the company’s stakeholders records. Many in US started buying the tickets. Some did it because they had a habit of supporting anything that they can. Others speculated the escalating uncertainities at that time and intentionally bought Equity in a company that had great potential to transform the African continent.
Now let’s skip to the time when all transactions in Africa are dictalized. A time when people login to the Cash Chat platform daily to engage the entire globe. A time when a million advertising brands are promoting businesses around the world being empowered by the Cash Chat platform. A time when the creativity of the African young Africans are receiving an excellent reward. A time when government budget are funded and supplemented by borrowing from the common people. At that time, the company could be least estimated to be $3 trillion USD. Considering the possibility of the UGX rating higher against the BRICs than the USD.
Now that’s the reason why the US took action and clicked on this link https://tickets.cashchat.se
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