African crypto boom is continuing with Kenya launching the first logistics cryptocurrency dubbed TMX Global Coin (TMX). The new currency will be launched by one of the shipment industry leaders TMX Blockchain Logistics.
According to the company’s chief executive Anthony Njoroge, the utilization of an innovative Blockchain technology will increase the openness and transparency of cargo logistics. On top of that, it will be a more cost-effective solution since the price of shipment is already predetermined for a specific process.
The first Kenyan ICO will be launched in September.
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