KLF Coin, a cryptocurrency company has launched in Uganda.
KLF Coin is a FinTech based Cryptocurrency originating from South Korea but incorporated in Uganda, and is pioneering the widespread adoption of Blockchain technology worldwide.
Unlike other Cryptocurrencies, KLF Coin is the only cryptocurrency that’s fully
incorporated in Uganda with its initial business back born as KL Standard Finance Co. Limited, a Ugandan fully registered FinTech Provider.
“45 million people wake up everyday to earn a living through various ways, minority in good ways and the majority in painful tears due to many economic hardships.
But as they are doing so, much is happening in the world of economics including copious cryptocurrency around the world.
KLF Coin has answered the above questions,” the company CEO said.
He added: “Now is the time to let the Ugandans have their own technologyand control their economy in and outside Uganda, as Uganda moves to achieve Social-economic Transformation.”
Uganda is a powerful house of business people thus block chain should become a
powerful economic tool for economic empower/ment.
“Our Pre-Sale period is one year and after that, the KLF Coin will be used in payments for shopping (like Supermarket), Travel (with appointed Agency) and all other related
payments,” the CEO said at the launch at Hotel Africana in Kampala.
KLF Coin will be the core cryptocurrency for world exchange and money transfer starting with East Africa countries, Africa as a continent and worldwide.
They also promised tobuild a first internet based commercial exchange Bank in Uganda.
The CEO said: “When we build a world exchange centre in Kampala, we shall create over 10,000 Jobs for the people and Uganda will be the FinTech Hub in East Africa.”