Cashout and Buy ADA in Ethiopia

A service where people can buy and cash out ADA in local currency to enjoy thier investment returns and pay with thier ADA.

Full-Stack Dev. Mobile App Eng.

Tested Plutus play ground.

A degree in Computer Science.

4 years.

Key connections.

This will be as Ethiopian self-sustaining service provider that enables Africans to save and safely invest their money at the exact same time.

We will design the details of our business model in abiding all the Ethiopian regulations and for the benefits of the state/people.
Our service will provide people with saving accounts in Ada using Cardano. They can buy ADA of certain amount in fiat currency ( like Ethiopian Birr) and can cash out when they want.

Users get paid interest by the increased value in USD and ADA when they cash out. This will attract many people save in ADA with our service.

We provide a website with pages for users to register for our service and see list of business firms and individuals (who are willing) using our services so that our users find it easy to see which business they can transact with ADA.

We encourage and motivate companies, payment services providers, freelancers and others to use our services and receive payments in ADA/Cardano.

We will also issue a special receipt for business firms who receive payments with ADA, so that the government can prove their revenue is traceable to estimate fair taxes.

We aim to generate a revenue from a percentage of transaction fee when exchanging Fiat currency to Cardano and vice versa.
We will convert the ADA to cash for our customer to pay for business firms that don't accept cryptocurrency payments and pay it on behalf of them.

The transaction fee of cashing out ADA will be more than buying ADA to encourage people save.
We will also partner up with agents to reach where we can't, for a compensation of commotion per individual.
Moreover, we facilitate virtual/in person coffee time regularly to inspire people to use Cardano and our services as well.

Success measurements:
1. 10000 users in 1 year
2. Legally exchange cryptocurrency and ETB (Birr)
3. People holding more ADA than they cash-out
4. People enjoy paying with ADA
5. Transparency for taxation
6. Self sustaining business model running
We request 6 months budget assuming we can generate stable revenue to sustain running the business afterwards.
1. $3000 : team salary to dedicate efforts & time
2. $2000 : office rental and set ups
3. $1000 : promotion
4. $500 : internet bill
5. $2000 : bonus ADA for 10000 early adopters
6. $500 : website development (user registration and business profile)

Coming from from personal experience, many peoples complainants, and observations…. This is the exact solution that we wished existed.

UPDATES: My team is expanding to include Nathan and Nebyu. We had a meeting on April, 19-2021 and now merged our projects to result in maximum performance.

Let's grow Africa! and grow Cardano!
Thank you!