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Last month, we wrote about a money transfer service set to launch soon called Afrocoin. With scanty information gleaned from their Crunchbase profile and website holding page, we were not sure of the details of the product it is. We are still not sure about many things, but an image sent to our tips email this afternoon gives more insight into at least their web presence.
The image (see below) is a sample Interface design that, from what we can tell, their web design company has done for the startup. According to the screen, which portrays Afrocoin as a service to enable the Diaspora to send money back home to Zimbabwe Mukuru Style, users of the service will be able to send money to Africa by creating an account with Afrocoin and using their credit card, or a direct deposit to load money and send it through.
One selling point mentioned on the screen is that money transfer from Europe and Canada will be instant. The screen also has US 50 cents as the cost of sending money to Zimbabwe and South Africa. The “mobile money” in the name Afrocoin Mobile Money also seems to mean a mobile app for sending money, and possibly an SMS notification for the recipient to go cash out at an agent.
But we need to say this: it’s all just a screen so all this is pure speculation. The information might just be place holder information put there to show how it will look. It may even be an old screenshot. Hell, Afrocoin might even not be working with these designers anymore!
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