Who are DASH Cycling Africa?
Xperien Team Cycling started out as a company cycling team at Xperien (PTY) Ltd based in Johannesburg, South Africa. Xperien is a secure IT asset disposal company established in 1999. In the high pressure IT environment where everyone is always busy, cycling was a way for colleagues to release stress and bond. Since 2014 the community has grown to consist of 30 riders and a few cheerleaders which include family, clients, customers and friends.
What We Do
We participate in major race marathons all around South Africa. This keeps us physically fit and mentally agile, essential tools for an uncertain and volatile times, it also promotes a better work life balance.
Most of our community are successful professionals with great careers, and love the community spirit of cycling and giving back through corporate social responsibility. See our Facebook site for the many events we have held for orphanages and schools.
To make “sending money home” easy and cost effective. Sending money home or cash remittances is native to Africans as it underpins rural development where governments cannot reach, there is a huge migrant workforce that sends money back to these their families and loved ones in the villages and remote communities. The remittances can sometime mean basic survival also promotes self-help and entrepreneurship.
However sending money can be very costly, time consuming or near impossible as it is often thwart with regulatory restriction for cross boarder remittance, to the scourge of high fees and greedy institutions that swallow significant percentages of these hard earned wages. There is also hand to hand transfers where you may need to trust that bus driver at the station to complete your funds transfer and hope he doesn’t get robbed along the journey. We have shoppers hiding bundles of US Dollars in their underpants to avoid being ripped off at the border.
Promoting DASH as a preferred means of cash remittances and build an exchange network that will service the rural villages.
We aim to make DASH the preferred currency for Africa’s Mobile Money from where it is currently at 3rd most popular cryptocurrency.
Most Africans are unbanked but there are over 277.4 million Mobile Money accounts (GMSA 2016).
These accounts are widely used for Migrant cash remittances a $34 billion USD market in 2017 according to the World Bank (see infographic below).
The fragment mobile money market consists of over 210 Fintech companies and represents phenomenal potential for market penetration and a wider adoption of DASH.
Africa has long adopted digital payments systems due to lack of infrastructure. A handful of mobile money payment operates currently enjoy a lucrative market i.e. MPesa mobile money send / receive or exchange cash via small local shop have 19 million active user per day, FNB has 5 million ewallet , Zimbabwe has no official fiat currency and bitcoin is trading at double the market rate ($17,875 – November 2017 ) and there is also a bank vs telco war for over 60 million potential mobile money users mobile, this myriad of systems shows the potential for the adopt of a crypto currency.
These systems are cumbersome when used for cross board remittances, most African states have exchange controls that slow transaction times if at all possible.
DASH CYCLING AFRICA
Being users of DASH as a company and falling in love with all things DASH, we wanted to combine it with our love for cycling. We want to be the DASH Cycling Africa TEAM. Our goal is to take Dash from being the third most popular crypto currency in South Africa to number 1 and then go on to promote it to other African countries. We already have a permanent team of 30 cyclists that compete in cycling events all over South Africa. We propose not only to brand them Team DASH Cycling Africa but to hold activations in South Africa with every event. We want to use these opportunities to START the conversation about Dash with QUALIFIED prospects. We have events planned from February 2018 to November 2018.
We strongly believe that DASH has a market here in Africa and all that is missing is awareness (awareness of product and use), education (most people are clueless in terms of crypto-currencies), branding (people need to see the brand in Africa, seeing in most cases is believing) and activation (people want someone present and in front of them to help them navigate this new world)
To rebrand our cycling team DASH CYCLING AFRICA TEAM and promote adoption to 5 million people. Feel free to have a look at our pre-proposal on the Dash forum. Let us know what you think, comments and suggestions are welcome.
Your support is greatly appreciated ☺