An Opportunity to Revolutionize a Country’s Financial Infrastructure

in avesta •  3 months ago

Untitled.png

Guinea is an interesting country. Situated near the tip of Western Africa, they’ve modernized in spurts. They never really had a landline network, leapfrogging it in favor of cell phone and smartphone technology.

Now, with cryptocurrency and blockchain technologies slowly approaching the mainstream, Guinea has another opportunity to leapfrog a less efficient and convenient technology.

There are a lot of advantages to being a western country on the cutting-edge. One of the disadvantages, though, is inertia. Legacy systems tend to entrench themselves and between jobs and investment, there’s a lot of incentive to discourage challengers from supplanting such systems.

For example, despite lower costs and long-term benefits, renewable energies such as solar and wind continue to have a tough go of it in the United States. The financial and political capital of the oil, gas, and coal industries are too immense to ignore while the high-paying jobs are difficult to leave behind.

Similar trenches have been dug in the banking system. Despite credit unions and smaller institutions providing better value for consumers, the large banks continue to wield their considerable political clout to stay ahead.

These banks, or banks of similar size, have been at least somewhat responsible for every financial crisis dating back to the depression. It’s possible that a democratization of such banks could have avoided these problems. And now, with the advent of blockchain and cryptocurrency, such democratization is possible.

Guinea is not under the purview of a large, powerful bank. The opportunity exists to revolutionize their financial infrastructure, and Avesta is taking that opportunity. With our all-inclusive platform that serves as both the currency and the trading apparatus, we’re hoping to bring Guinea beyond the Western countries.

Guinea serves as both our blockchain proof-of-concept, and as a proof-of-concept to the world that a better financial system is possible.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending

Please help...

I registered today at https://app.avesta.io and sent 2.75 ETH to my AVESTA ETH WALLET in order to take part in the ICO...

I sent the ETH over about 4 hours ago but it is still not showing up in my AVESTA ETH WALLET. The eth transfer is to the correct ETH address, I have checked it several times and it has 700 confirmations... Please tell me what is going on ?

https://etherscan.io/tx/0xc58e9f112d1e46d3fcc481b4b793de11edfb53f36659db294397a4dd6eb221dd

https://www.screencast.com/t/LifemfOZ

Account: 1925764675

Also a serious spelling mistake on your webiste...

https://www.screencast.com/t/ok2Ph6WKOX

It says:
"You dont have founds in your wallet"

It is meant to say:
"You dont have funds in your wallet"

I have noticed that in the ETHERIUM deposit page it clearly says "Built by Avesta Developer Team. v0.9 BETA" but under the normal homepage it says "Built by Avesta Developer Team. v1.0 BETA".. Could this error really be a novice mistake like you forgot to update the etherium deposit page to the latest version :O

Regards

T