LOGIN
Steven Lance Rocker
4
Collaborator
Journalist, Project Manager, @ The New York Times. (Project Leader)
 · New YorkU.S.
Share
Report
Get Link
STATUS

Afrocoin

AFROCOIN – The world’s first virtual currency for people of color. The currency will trade in businesses that are black owned/operated and banks that lend to blacks. Afrocoin should make it easier for blacks to own their own banks to loan to their own people.

2 likes 
Like
Award Contribution
Load 1 previous comments
Steven Lance Rocker
4
Collaborator
Journalist, Project Manager, @ The New York Times. (Project Leader)
 · New YorkU.S.
Share
Report
Get Link

People purchase the currency and can use it at black owned and operated businesses. The currency has investment options in that we could partner with black banks like Carver to create low interest loans for black businesses and mortgages. Some people will purchase AFROCOIN and want to spend it, but some will want to hold on to it.

Like
0 like 
Award Contribution
Steven Reubenstone
50
Community Expert
Mechanical Engineer & Tinkerer of Things. Collaborizm Roundtable.
 · New YorkU.S.
Share
Report
Get Link

What I thought was extremely interesting is the concept of like checking purchases from a financial guidance standpoint. Like how you mentioned right?

Like
1 like 
Award Contribution
Steven Lance Rocker
4
Collaborator
Journalist, Project Manager, @ The New York Times. (Project Leader)
 · New YorkU.S.
Share
Report
Get Link

Yes indeed… There will be financial consequences. We could potentially peg the purchasable asset to Black retail assets and companies who respect us. It could be the first “protest-currency.” One that can circumvent racist rules that make blacks the purchasers of the highest most risky mortgages and business loans. Blacks are kept down from these blocks, we can convince many of them to purchase this kind of FUBU virtual currency. Maybe we could pitch this to Damon John. I do know some of his people and Mark Cuban. What you think?

Like
0 like 
Award Contribution
Steven Lance Rocker
4
Collaborator
Journalist, Project Manager, @ The New York Times. (Project Leader)
 · New YorkU.S.
Share
Report
Get Link

Black people spend more than any other racial group. We are propping up the economy with no true ownership. AfroBitcoin could change a bit of that… If we got one-percent of the 1 Trillion blacks spend, Afro-Bitcoin would be a Billion dollar company. Yes, I did the numbers… lol

Like
0 like 
Award Contribution
Steven Lance Rocker
4
Collaborator
Journalist, Project Manager, @ The New York Times. (Project Leader)
 · New YorkU.S.
Share
Report
Get Link

With my afrocoins, the first place I would like to go overseas is Zimbabwe… They are so oppressed with incredible

Like
0 like 
Award Contribution
Steven Lance Rocker
4
Collaborator
Journalist, Project Manager, @ The New York Times. (Project Leader)
 · New YorkU.S.
Share
Report
Get Link

Yes we want to make it a more commerce virtual currency. Black people spend more than any other ethnic group in the United States. We could harness that consumer power to combat predatory lending and financial education. We would start a bank for African American’s that is backed by its own virtual currency. Something different.

Like
0 like 
Award Contribution
Leave a reply...
DISCOVER
CHAT
HIRE
ACTIVITY
FEED
Chat with us!
Help
Write something before you submit it!
Photo updated
Request Sent!
Updated
Copied to Clipboard