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Benkiko is an online micropayments and tokenization platform for Africa. As The Digital Bank for The Digital Economy, Benkiko enables African online shops, content creators and freelancers to get paid easily across borders and offer them avenues to invest.
Benkiko combines an effective superapp approach with ready to use SDKs for developers across Africa to develop solutions for their local market needs and issue tokens for the projects and communities.\
Powered by Stellar, the projects and communities can issue digital tokens/assets for governance, utility or other use cases and become tradable on Stellar DEX as well as AMM.
Benkiko's goal is to enable online platforms and marketplaces to enjoy seamless and affordable payments through easy to use SDKs, and enable users of these apps to also get to invest in them through tokens and digital assets.
This democratizes wealth creation for average Africans who've been locked out of investment opportunities in the legacy financial system.
Benkiko is hopeful to get $40, 000 from SCF which will be spent as following;- Marketing and content creation partnerships - $13,761.46- Server and other related costs - $5,687.15- Branding and swag - $4,211- Team facilitation and stipends - $7,063.30- Bitcoin, Ethereum and Binance coin bridge liquidity - $9,174.31
Benkiko is led by this amazing team;
The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on December 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5th as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
**The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on December 16, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on September 27, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.