AFRO was created in December 2016 by a group of economists, cryptocurrency experts, humanists and thinkers, who are standing at the origin of AFRO Foundation and running the project. AFRO is a non-political and neutral tool, created for and available to all the countries of the continent, and worldwide to anyone willing to use this cryptocurrency. AFRO was designed to address multiple issues of the continent. Approximately 65% of Africans do not have bank account, therefore they are excluded from the banking system. Access to loans is weak and the continent is lacking banking infrastructure. Moreover, considering Africa has more than 40 different currencies per 54 countries, it makes currency exchange quite complicated and expensive. With more than a billion SIM cards in circulation and more than 650 million of African subscribers to a mobile operator, Africa now is ready to benefit from services provided through smartphones. Payment through mobile and use of cryptocurrencies is a real breakthrough and historical opportunity. AFRO Foundation is a non-governmental organization, founded under Swiss law and based in Geneva, Switzerland, neutral country with long-term banking traditions, known and appreciated worldwide. The entire currency amount that was issued on June 19th, 2018 is 750 billion Afros. It is symbolical that it makes 600 AFRO per each citizen of the continent and it is in correlation with its GDP. 80% of this amount is locked within the Foundation in a specially aimed Fund. According to the Swiss law, a Foundation cannot make any profit, and shall serve a specific purpose for which it was created. More info : https://vu.fr/AFRO