"Spend More When You Have Less" · Hakiba Pitches Crypto Credit for Africa | ETHiopia Pop-Up City

0:00And Ali Mtsumi, and we’ll be presenting Hakiba. As the name suggests, it’s transparency investment. So imagine you earn in crypto or you are a freelancer who received payment in USDC and you want to pay your rent for this month. But your salary hasn’t yet arrived. So what our application is enabling you to do is to be able to stake your salary, maybe last month’s salary and you’re able to pay your rent for this month’s salary for this month and you’ll be able to pay that money or that credit after your salary has come up. So why Hakiba? So ever since the beginning of crypto it has been an asset for speculation and investment

0:52and Maceo in Africa, this entry, it has been the fastest growing crypto market globally with crypto level new projected to be 457 US dollar in 2025 and this amount is projected to grow with 11.2 percentage by 2027. Approximately, according to a research in sub-Saharan, that That is in 2021, there were 45% Saharan underbanked, who did not have a bank, who were aged 15 underbanked. So this means there is an issue with limited financial access, meaning like if you have USDC that you are holding, you have to convert it to fiat for you to be able to get a credit. Another thing is like overreliance of traditional credit, we rely on bank to give us credit,

1:49Hence if you don’t have a bank account you can’t get any credit. Another thing is like underutilized crypto and ownership. So solution, we are building Akiba which is introducing a seamless way for user to save, earn, borrow using their crypto all while maintaining full control of their asset. That means you come with your wallet, deposit crypto, stake it and as you are staking it you will be earning and spend more when you have have less with their crypto. We have done our research and we found out we are not alone. We have IVE compound and Maceo DAO and what makes us different is like these people are

2:34not focusing on African problem. So us, we are focusing on African users and also we are introducing like decentralized crediting.

2:47What we are asking for is 100,000 U.S. We need engineers, front-end engineers specifically, as well as to establish a liquidity pool and have a go-to-market strategy as well as regulatory guidance. What we’ll be building for the next three weeks? We’ll be designing the architecture, plug it into our existing UI, and then we will also be developing a smart contract for lending as well as borrowing, and AI agent for credit scoring from your wallet transactions to your statements, all the way to using our other platform, which is an on-ramp, off-ramp system. We’ll also be integrating all those components of the front end and the back end together with the whole architecture as well as testing and deploying to the different environments.

3:53Thank you.