Recently, Philcoin held an event in Johannesburg, South Africa, with the goal of increasing crypto awareness and adoption.
Philcoin is a philanthropic movement in the blockchain with the purpose of establishing a global interactive ecosystem where the daily use of the Internet of Things (IOT), social media, television, and means of communication become a rail where people can earn while they use the products and services.
The event started on July 2 and ended on July 11. It brought together Philcoin’s corporate team and their brand ambassador in South Africa. South Africa has become one of Africa’s largest economies with well-developed crypto and blockchain structures and regulations.
According to Dunstan Teo, the Co-founder of Philcoin, the team was excited to launch in Africa. He added that this provides an opportunity for them to present their native token to thousands of crypto enthusiasts, empower South African youths, and change their financial sovereignty to take back control of their futures.
“Africa is a massive player within the crypto space. With the bear market happening, the time is ripe for people to buy into crypto at the lowest prices we’ve seen in a while. The Philcoin team is thrilled about the opportunity to launch in Africa and bring our currency before thousands of crypto enthusiasts. We know this will be the start of an incredible journey with their communities, helping to build financial sovereignty for all while also changing the way giving happens,” he said.
Philcoin is touring when the crypto and financial markets are in a slump. However, considering the growing role of cryptocurrencies in different economies, especially those in Africa whose local currencies have been decimated from the effects of COVID-19 and runaway inflation, holding cryptocurrencies, including PHL, can be a means of safeguarding value.