Cryptovalley: A beacon of hope in a volatile economy

With African youth at the forefront of technology on the continent, SAFCOIN recognised these phenomena and actioned an elaborate project to empower African people to empower themselves, using crypto as a tool to foster widespread economic participation.

SAFCOIN’s evolution in the years since its establishment has been nothing short of phenomenal. Commitment to economic inclusion on the African frontier saw SAFCOIN expand and engineer their Cryptovalley e-retailer; a platform created with the small to medium business in mind, bridging the gap between Africa and the world.

ALSO READ: SAFCOIN to list on South African exchange, ChainEX!

Cryptovalley is a multivendor online shop-with-crypto platform that aims to promote sales for local African manufacturers and businesses while unlocking potential access to untapped local and international market segments. Moreover, Cryptovalley at its height will prove an integral tool to realising a more inclusive economy, where barriers to market participation are broken down.

To date, there are over 110 merchant registrations on Cryptovalley, with around 2000 products being bought and sold on the platform. While Cryptovalley’s shop-with-crypto function remains paramount, SAFCOIN has pushed the envelope once again to provide ease of access to users who may not be as crypto-savvy by allowing for FIAT (card of EFT) purchases on the site. In this case, users also have the option of paying partially in SAF where they will receive a percentage off the total price, similar in dynamic to that of the Ebucks concept.

At present, crypto purchases on the site are limited to those made with Bitcoin and SAF, with other cryptos such as Ethereum soon to be supported. It is no secret that one of the major drawcards when it comes to cryptocurrency at large is its potential to mitigate tedious transaction waiting times and fees, thereby streamlining the payments process en masse. Cryptovalley is no different, and with the SAFPay Payment Gateway at work, buyers and sellers have convenience at their fingertips.

Two key offerings unite to bring users the Cryptovalley experience: an e-retailer that maintains and fulfills online orders for merchants to both local and international customers, and multi-vendors, uncovering a world of opportunity for small-time vendors. These two combine to facilitate a gradual approach for vendors who are not yet ready to break into the online sphere on their own. Here, Cryptovalley is the perfect intermediary; promoting mass digitisation on the African continent.

ALSO READ: Ask Me Anything with crypto maven and SAFCOIN founder, Neil Ferreira

Similarly, sellers can conduct their shops with ease and peace of mind, while enjoying access to a myriad of features that allow for personalisation, all administrated from their vendor dashboard. Other features include the provision of live support or chat features concerning customers or reviews. Customisation is possible on almost all fronts as vendors can decide upon their own categories, banners, logo, reviews rating system, shipping methods, discounts, and vouchers among others.

SAFCOIN understands that not everyone will simply take to the increasingly digitised world. This is why we sought to provide a free, easy-to-use platform for businesses looking to access the online market segment, but with little resources at their disposal. For any vendor or buyer, Cryptovalley is an oasis of convenience paying homage to a restless digital sphere that shows no sign of slowing.