AMBC is a leading expert in fintech and blockchain services across a wide range of regions, including Africa. We strive to create a unified digital currency and digital payments platform for all users to achieve financial freedom and independence.
AMBC combines cryptocurrency with an existing payment system, Tier Pay, to complete the entire system in the hands of the user. The entire system developed by AMBC is designed to replace fiat currencies and will be widely used for real-life paychecks, annual fees, and fine payments, as well as in online and offline stores. Payments using Tier Pay will be integrated with international remittance systems, which will take place all over the world, including Africa. The use of blockchain for our FinTech system will further advance the verification system and provide big data-protected personal credit information to the world, including Africa, through the platform. Tier Pay, based on FinTech technology, will provide a solution for those in need of FinTech technology provision, including Africa.
The overall design and build of the AMBC Payments project took nearly four years. The announcement was made in March 2018 at international roadshow events primarily in Asia, the Middle East and Africa. With further refinement, the ambitious goal of creating a digital currency for the world has been set.AMBC is a company founded from its parent company Trapeace's entry into the new growth sector of fintech, which has been operating in South Africa for 24 years and working with different local governments in Africa.
AMBC has set out the key values for the overall vision of the payments platform, which are: Transparency Ease of use and convenience Fast transaction speeds and low fees State-of-the-art security.AMBC's vision will be realized firstly through a financial focus, and then through the expansion of the payments platform into multiple business areas, which will evolve and upgrade over time and as technology advances to offer more services to customers, government and businesses with additional services.
AMBC hopes to revitalize the world economy, including Africa, by expanding and building a payments platform that facilitates the participation of international users in the economy, as well as providing local populations with the freedom to pay for their lives and choices in purchasing power. AMBis to be launched in early 2021, with South Africa being the first starting point, followed by expansion to the rest of Africa and other countries.