Digital currency and digital currency protocols combine enable financial inclusion efforts tremendously. They democratize finance by empowering everyone and anyone financially. Africa is well poised to leapfrog.

1. AFRICAN DIGITAL CURRENCY ASSOCIATION (ADCA)
Digital currencies & financial inclusion
@African_DCA www.Africandca.org info@africandca.org

2. ADCA
Digital representations of value and
primarily for value exchange.
+ Fully backed by physical world
equivalent: Egold, Digicash, and
Mobile Money.
+ Not backed by reserves. Based on
perceived value and trust by
community: virtual currencies, bonga
points, linden dollars,
Digital currency technologies are also
platforms/protocols, such as the internet
on which creative products & services
are built on: Distributed exchanges,
Distributed Autonomous Organizations
Financial exclusion is a process
whereby people encounter difficulties
accessing and/or using financial
services and products in the
mainstream market that are
appropriate to their needs.
Financial inclusion seeks to address
this using counter measures.
What are digital currencies? What is financial Inclusion?

3. Digital currency enables financial inclusion
+ Financial access
+ Financial Services
+ Credit access
+ Payment Systems
+ Remittances

4. FINANCIAL ACCESS
+ Broader financial access channels: online,
mobile networks, vending machines, ATMs
+ Inclusive financial access: non-
discriminatory access based on age,
gender, income, region etc.
+ Increased access to global markets

5. FINANCIAL SERVICES
Financial services are inexpensively and efficiently
availed to previously excluded populace:
+ Decentralized exchanges – direct access to
markets, remote distribution of financial market
services
+ Diversified financial products – precious metals
such as gold e.g. Chama Dhahabu, Egold
+ Financial services on distributed channels –
Insurance, pension, banking, investment vehicles

6. CREDIT LINES
+ Increased sources of credit and at lower costs
through access to global credit markets, peer-to-
peer lending networks e.g. Kiva, Chama Pesa and
crowd funding projects on a local and global scale.
+ Diverse array of credit options: short/long term,
secured/unsecured, consumer/investment
+ Individuals can also issue legally binding financial
contracts and debt products: issue equity, loans
and digital bearer instruments

7. PAYMENTS SYSTEMS
+ Extremely low transaction costs are possible such
as 0.1% on bitcoin by cutting out costly middlemen
risks & costs. There is less friction of money
transfer.
+ Micro, mini and nano payments and transfers are
made possible: $0.00025 at competitive low costs

8. REMITTANCES
+ International & regional remittances move faster
to recipients,
+ Move at a lower cost
+ Move directly to beneficiaries.
+ E.g Bitpesa, Coincove

9. WHAT’S IN IT FOR STAKEHOLDERS?
+ Availability of key data and metrics that can be leveraged:
 For more effective monetary policy
 Data availability lowers risks and cost of credit
 ‘Live’ data feeds can be analyzed e.g. quantum analytics
 Less KYC burden

+ A broader market for broader innovative financial products.
+ Higher velocity and mobility of money together with their
benefits.
+ Enable effective tax administration
+ Enable poverty reduction efforts.

10. OUR MISSION
+ Promote the value proposition of digital currency
through knowledge dissemination and adoption
among: the community, industry participants,
investors, regulators, tech developers, businesses,
entrepreneurs & merchants.
+ Promote leveraging of digital currency technology
to solve antiquated problems across multiple
sectors: community, business & finance, tech