Tag: cryptocurrency

  • Somalia: How Does it Work and Why SomaliCoin is Needed?

    Somalia: How Does it Work and Why SomaliCoin is Needed?

    What are Stablecoins?Stablecoins are cryptocurrencies designed to maintain a stable value and whose prices are pegged against a fiat currency, a collection of fiat currencies, or other digital currencies. Most stablecoins on the market use the US Dollar as their reference point, and are supposed to keep their valuation as close as possible to $1…

  • Somali: How Cryptocurrencies Can Protect Citizens Against (Hyper)Inflation

    Somali: How Cryptocurrencies Can Protect Citizens Against (Hyper)Inflation

    Cryptocurrencies are often associated with strong price fluctuations that some argue make them unusable as day-to-day spending currencies. However, the reality is that the world’s leading digital currency bitcoin has helped to act as a store of value and as an alternative currency in countries that are suffering from high levels of inflation and weakening…

  • SOMALICOIN Solution to Funds flowing to terrorism: National Security

    SOMALICOIN Solution to Funds flowing to terrorism: National Security

    Mobile money agents in Kenya have become cautious as the police investigate a link between use of the service and terror activities in the East African nation. SomaliCoin a Security Token was working for the past 7 years in building its infrastructure to solve money laundering to terror groups and criminal actors in the Somali…

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