;POWER of CHOICE

POWER of COMMUNITY

America's First Community Digital Cash Platform

“More powerful than Bitcoin, Crypto,

it’s “Super-Money” : Abundance not Scarcity

The Company believes that economic distressed low-moderate income communities in the United States are starved for financial, social, economic and human capital to sustain the American Way of Life. 

AFRO Digital Cash provides "Financial Inclusion" for all community economic stakeholders (residents, business, non-profits, churches) regardless of wealth or income.

The un-banked and underbanked will now have access to banking, lending, and other financial services. The AFRO Digital Cash is a US Currency and Global Cash platform. The Company developed a real time instant payment platform for each transaction.

"Full Wealth Stack"

The AFRO Dollar Digital Cash architecture is our Orchestra Ecosystem Platform of Currency, Payments, Lending, Loyalty, and Community.

United States consumer economy is unique compared to other Western economies. U.S. Consumer spending is 70% of its GDP, 58% for Europe

The spending and recycling of A.F.R.O. Digital Dollars will create a community wealth-effect, and the velocity of the A.F.R.O. Dollar money will increase the economic activity in local businesses and their communities.

Purpose of the A.F.R.O. Dollar is to create a New Innovative Economic Partnership in the community between its stakeholders (residents, businesses, churches, and nonprofit organizations) to shop and spend dollars locally to strengthen their community.

The Full Wealth Stack concept introduced by AFRO Dollar Money created a disruptive innovative financial ecosystem. where personal, family, small business, church and community can achieve wealth, and success with self-sufficiency, self-reliance, independence and collaborative efforts.

This framework encompasses a range of financial services, including checking and savings accounts, loans, credit, investments, retirement planning. health well-being support and generational and community wealth building.

The idea is to create a financial environment modeled after the biblical Garden of Eden, where members can access financial resources without relying on traditional banking systems, credit bureaus, payday lenders, or high-debt education loans.

A key feature of this system is the American Dream of Home-ownership, which is considered a Right for all Members.

Every Member is “automatically approved” for a mortgage based on their ability to pay the monthly mortgage payment, eliminating the need for credit score evaluations or extensive paperwork.

Our financial platform also offers grants for closing costs and down-payment assistance to encourage homeownership as a wealth-building strategy.

Additionally, the AFRO Digital Wallet plays a crucial role in this financial ecosystem, enabling real-time transactions, mobile savings, bill payments, money transfers, investments, and lending services.

The platform leverages our proprietary technology to streamline loan applications and credit assessments, ensuring efficient funding for personal and small business needs.

YOUR FINANCIAL INDEPENDENCE

DEBT FREE LIVING available with Membership

Personal, Family, Community Wealth

Frequently Ask Questions (faq)

What problem are you trying to solve?  

 We will “Eliminate” the following in low-income communities in the USA.

(a) Extreme abject poverty, (b) High unemployment, and (c) Financial Exclusion, in low-income urban and rural communities. 

We provide innovative and disruptive financial products to stabilized and transform urban, rural and distressed communities to build and produce stable, safe and functioning local neighborhoods.

The Company has developed financial platforms that provides financial inclusion and host financial services and wealth products; Lending (mortgages, consumer, business), Alternative Banking (Savings /Checking), Money Transfer, Payments (C2B,B2B,C2G,P2P), Loyalty, Local Job/Community Economic Analysis. 

The AFRO Dollar Digital Cash architecture is our Orchestra Ecosystem Platform of Currency, Payments, Lending, Loyalty, and Community.

United States consumer economy is unique compared to other Western economies.  U.S. Consumer spending is near 70% of the GDP, it's 58% for  Europe.

Black Americans spend over $1.7 trillion dollars annually. The AFRO Dollars uses the consumer spending dollars of Black Americans to help solve extreme poverty and high unemployment in their low-income communities. 

What is the Original A.F.R.O. Dollar?  

The Original "A.F.R.O. Dollar" created by the American-American Face Reserve Obligations Inc  as a a new type of money as a local currency(paper money), complimentary to the US Dollar. The purpose of the AFRO Dollar is to bring more money to circulate in the local community and use the spending power dynamics to recycle dollars to grow and create new local businesses thus creating more local jobs.

The paper currency created denominations of $1, $5, $10, $20 bills, with Africa American portraits vignettes Booker T. Washington ($1), Louis Armstrong ($5), George Washington Carver ($10) and Fredrick Douglass ($20).   The AFRO Dollar currency was approved by the US Government, and was one of the early pioneers of the modern local currency movement in the US.

What is the AFRO Digital Cash Dollar?                       

AFRO Digital Cash Dollar is a “Digital Cash” Architecture

It’s just like physical cash (bills and coins) – except it is “cash” on your Mobile phone, therefore Digital

So, is the AFRO Digital Cash Dollar a Crypto-Currency like Bitcoin?

No – it is not a Crypto-currency, the AFRO Dollar is “Digital Cash” and is backed by the US Dollar; government money. That means that the money on your phone holds digital cash that has the same value as its physical cash equivalent.

AFRO Digital Cash = US Cash = same value.

Example: $50 AFRO Digital Cash = $50 US Dollars

What's the difference between AFRO Digital Cash Dollar and Bitcoin? 

Bitcoin is a Crypto-Currency, and it is not backed by US Dollars, or any other government money. 

Bitcoin and AFRO Dollar, share one important feature - both Bitcoin and AFRO Dollar are DIGITAL, whereas physical cash bills and coins are not!

Compared with physical cash AFRO Dollar  and  Bitcoin have important differences. Each AFRO Dollar IS backed by a US Dollar (Fiat Currency=Government Money); AFRO Dollar IS Money

Bitcoin is a Crypto-Currency, IS NOT backed by a (Fiat Currency=Government Money);  Bitcoin IS NOT Money

BITCOINS DO NOT fall under the regulatory classification of “MONEY” because they “lack intrinsic value,” and have not been adopted as government currency, and are “not convertible by law.”

Each Bitcoin is backed by, nothing, but a willingness to participate. There is NO equivalent money sitting in bank accounts backing a Crypto-Currency.

AFRO Digital Cash  CAN provide REAL-TIME INSTANT transactions and movement of money. This enables AFRO Dollar transactions to happen in a matter of a few seconds at little to negligible costs.

Bitcoin CANNOT provide REAL-TIME INSTANT transactions movements of money, some Bitcoin transactions can take greater >10 minutes, some up to 1 hour.

Bitcoin also has a (i) Public ledger-database, (ii) it doesn’t own any computers equipment, it’s distributed amongst a number of different people, and their computers and (iii) it uses the open source math calculation software- called block-chain for its open distribution.

AFRO Dollar Digital currency has (i) Private ledger-database, (ii) we own our secured, monitored, computers servers, cyber-security harden back-up and with a third party back-up, for redundancy and security  (iii) we use our proprietary software called AFRO Private-Central Encryption Ledger database (APCEL) as a private distribution.

AFRO Dollar is scalable, thousands of users simultaneously in a few seconds. Bitcoin is not scalable, only a few users can use their system simultaneously.

What's the difference between AFRO Digital Cash Dollar and Zelle, CashApp and Applepay?

Apple Pay, cashApp Zelle each do a slightly different job from each other. The job they’re doing is making it much easier to send money from one bank account of a customer to the bank account of the receiver.

AFRO Dollar is Cash in Digital form, you don’t need a bank account to send money.

What is the AFRO SMART Card ?

The AFRO Smart Cards are Financial Money Cards, and money is place on cards. However the smart cards are issued on the AFRO Community Digital-Currency Platform. The AFRO Smart cards provide for bill payments, shopping, donations, employment services, housing vouchers, money transfers, and person to person lending. The Smart Card being promoted in the local community is the "Community BEE card" Community Business Economic Empowerment (CBEE-Card).

What is AFRO Digital CASH Mobile WALLET

CASH in you pocket consists of paper notes and coins, Digital CASH Wallet is the same except the CASH is on your Mobile-phone. Just like paper cash, the transactions are private, no fees, instant, in real time, backed by the US Dollar. Your phone becomes your secured wallet but it's digital money. Your phone becomes a financial inclusion wealth device, for your personal wealth strategy, and community wealth device, where you live and work.

What is the "Community Financial Economic Platform" (AFRO Financial Garden of Eden Platform)

The Platform, is the central back-office computer network economic system that allows residents and community stakeholders access to financial services; banking, credit cards, loans (mortgages, auto, personal, small business), personal financial and home management, investments, job placement, and legal services and community analysis.  The system allows economic stakeholders (residents, business, non-profits, churches) access to their Digital Cash Wallets to process real time transactions between each other, and to allow access to other local community and government services. The Platform provides  community analysis to determine the social and economic health of each local neighborhood, and the economic impact of AFRO Dollar monetary flows.

How do your Put (Add) MONEY on your WALLET or Smart Card,

You can add money at any merchant retailer, bank, ATM, or transfer money to your mobile account,

How do you Get (Subtract) MONEY from your WALLET and Smart Card

You can withdraw money from any ATM machine, bank, or any merchant on our Platform.

What's a Community Free ATM                                                          

Community Free ATM allow Mobile Wallet withdrawals from ATM machine at NO COSTS

LOANS: Can a Small Business get loans

Yes, once your business is registered on the Platform, the small business can request loans, line of credit, banking, transfers, and professional services (accounting, marketing, IT, legal).

PAYMENTS: What is a Payment platform?

The Payments platform, allows for your Mobile Wallet to make all scheduled and unscheduled bill payments, to merchants, government, banks, corporation, utilities, and individuals.

How do merchant rewards and loyalty coupons get redeemed

Merchant rewards and coupons are redeemable instantly, on your smart phone or AFRO Dollar wallet. 

Can I send money to my son or someone with my Digital Wallet

Yes, with your phone you can send money to anyone registered on the Platform in the world. All transactions on the platform are private,  and you can send money to any business or bank account in the United States, Europe, Africa, Latin America, and Asia.

Can Churches or Non-profit use the AFRO Financial Platform

The Platform is designed for non-profits and churches to benefit and enhance their mission statement. As community economic partners, when spending in the community occurs, a percentage % of the dollars spent are placed in a local community fund for the benefit of non-profits institutions, and community collaborative projects. The Platform can also be used to help non-profits for community outreach,  accounting, marketing, and fundraising campaigns.

Can social and community projects use the AFRO Financial Platform.                                 

Yes, the Platform is designed as a Community Platform, for collaboration, outreach and fund-raise.

Pay-day loans stores, in the community, are they good or bad?                                         

BAD. We believe Pay-day loans are a parasite force in the low-income community. As a resident on the AFRO Platform, the resident can write himself a loan for the same amount as Pay-day loan. The Platform Community Interest-rate of 0% for 3 months. 3% for 6 months, as opposed to the 400% rate of pay-day lenders in the community.

For Small Businesses; What's a Merchant Credit Advance loan, are they good or bad? BAD. Merchant Credit Advances, are being marketed as loans, they are NOT; they are Credit-Card Advances against the business's future credit card charges(Visa /Mastercard). They are Pay-day loans for small business, with exorbitant interest rates. On our AFRO Platform, we provide the small business the opportunity to write their own loan terms, to meet their business  cash flow needs at a reasonable business interest rate.