Digital Bank of Africa logo

Digital Bank of Africa price

Market stats

-

$145.04

+389.31%

-

$34.38

+0.13%

+19.88%

+7.39%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

About Digital Bank of Africa

What Is Digital Bank of Africa (DBA)?

Digital Bank of Africa (DBA) is a proficient and developed bank, namely DafriBank Digital Ltd. DafriBank Digital is duly licensed and regulated by the Central Bank of Comoros Island. In addition, DafriBank aims to be a leading-edge financial technology company seeking to integrate advanced payment approaches in the banking system to explicitly support digital entrepreneurs to evolve their business. Besides, DafriBank seeks to offer a secure, agile, and low-cost method to pay, receive, transfer and store money. The ultimate objective of DBA is to replace conventional banks—the banks that are inefficient and unable to cope with the rapid expansion of the digital revolution. 

DafriBank aims to democratize financial services, thereby helping individuals and businesses worldwide participate in the ongoing global economic scenario. Additionally, DafriBank seeks to offer a virtually limitless number of automated services to assist entrepreneurs, merchants, and the general public without asking for any bank accounts.As the digital world is expanding day by day, DafriBank is aiming to advance services to meet the uprising demands of the community. 

DafriBank is the first bank in Africa to publicly assist crypto technology by seeking to offer its market share via introducing a digital currency, 'DBA.' The DBA token is of the ERC-20 standard of Ethereumblockchains. That is introduced along with the modern IoT and AI. IoT and AI technologies help one to enable smart communications, even including problem-solving and digital capabilities. DafriBank has also enabled cryptocurrency transfers. However, DafriBank is not a cryptocurrency exchange but a supportable payment medium to trade cryptocurrency and forex wallets. 

DafriBank operates in a decentralized finance (DeFi) environment. DafriBank has linked several DeFi protocols to seek to regulate and develop the system. To illustrate, for the circulation of financial technology, the bank has linked digital financial services, including collateralized debts, loans, fundraisings, and the development of cryptocurrency. 

To summarize, DafriBank has embedded the system with all complex blockchain smart contracts. Due to such a modern approach and methodologies, DafriBank is rapidly expanding in African states and meeting the primary goal.

History of Digital Bank of Africa (DBA)

DafriBank Digital is a division of DafriGroup PLC, a public company duly registered in South Africa, Nigeria, and Botswana. DafriGroup held an unrestricted operating license in South Africa under Public Companies Act 71 of 2008. 

The idea of the Dafri Bank initiative was first conceived by Catherine Anajemba, the chief marketing officer of DafriGroup PLC in 2018. However, DafriBank Digital was established in Q3, 2020. Immediately after the establishment, Dafri Bank's digital token DBA was issued. 

Digital Bank of Africa is on the rise this week.

The price of Digital Bank of Africa has risen by 7.39% in the past 7 days. The price increased by 19.88% in the last 24 hours. In just the past hour, the price grew by 0.13%. The current price is $0.036784 per DBA. Digital Bank of Africa is 99.89% below the all time high of $34.38.

The current circulating supply is 0 DBA.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Digital Bank of Africa in market cap.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Coinbase Bytes article