How will Facebook’s Libra Project impact DéMars?

When Facebook Inc announced that they were going to be releasing a WhatsApp cryptocurrency in December 2018, it really piqued my interest and resulted in this article, which I published on Medium at the time. In fact I even reached out to David Marcus, offering our DéMars “lite mobile money” network protocol . Which we spent most of 2018 developing,…

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Merchant Solutions

What use is money if you cannot spend it? Which is why we have designed the DéMars solution to include merchant acceptances. Costs Merchants pay at least 2% in credit card or mobile money processing fees. That’s too much. At DéMars, if you retain your funds within the wallet, you pay ZERO fees and withdrawals only cost 1%. Now that’s…

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A Proper Money Experiment

Money is simply a means of exchange for goods and services. It saves us from bartering with each other. Commodities have been used as money for centuries. Gold, copper, shells, livestock, the list goes on and on. Only in the last half century or so, has money not been some kind of commodity or at the very least backed, or…

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The DéMars Roadmap

At DéMars our focus has always been on reducing the friction of cross border payments. Especially to and within Sub-Saharan Africa. We are inter-African migrants ourselves and some of us have spent many years away from home. This is a cause which is very close to home.   In 2018 we made a mistake by focusing too much on technology.…

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Adding DéMars Coins to a 3rd Party Wallet

If you use a non-DMC wallet, here is a short guide on how to add DéMars Coins to your wallet. To start, you’ll need two things: 1 – The asset short code 2 – The issuing account number For DéMars Coins, they are as follows: 1 – Asset short code: DMC 2 – Issuing account number: GALRZBMCK47XLHQQXQSPCNJ375NGB6LP6RCBIGPXQAWIE2A4UCDTGQ52 Then navigate to…

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ZAR Asset – FNB Account Info

DMC Rand (Pty) Ltd First National Bank Branch Code: 250655 Account Number: 62756496496 Type: Current/Cheque Account Ref: Please don’t forget to include your account number in the reference. It will be e-mailed to you with the deposit instructions.  

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