Personal. app, a decentralized social media platform targeted on creator monetization, on Thursday introduced it has partnered with Ubuntu Tribe to combine GIFT Gold, a gold-backed stablecoin, into its ecosystem.
This marks the primary gold-pegged cost integration designed particularly for Africa’s creator economic system, a sector projected to surpass $30 billion by 2027.
Beneath the partnership, creators utilizing Personal. app in markets like Kenya, Nigeria and Côte d’Ivoire will now have the ability to obtain loyalty rewards, ideas and subscription funds denominated in GIFT Gold, a digital asset backed 1:1 by audited bodily gold reserves.
The transfer addresses the volatility of fiat and crypto funds, which regularly restrict constant revenue for digital entrepreneurs throughout African nations.
GIFT Gold supplies another, functioning as a medium of alternate and retailer of worth and providing customers a path to long-term wealth era with out publicity to inflation or token worth swings.
Additionally Learn: After $3.5B Bitcoin Windfall, Tim Draper Reloads With Fund 8—Right here’s What’s Coming
“This is not simply one other tech partnership, however reasonably a possibility to construct monetary and artistic sovereignty,” stated Mamadou Kwidjim Toure, CEO of Ubuntu Tribe. “We’re merging Africa’s legacy of gold with the way forward for work.”
Disclosure: 82% of retail CFD accounts lose cash
Personal. app plans to launch the pilot with 1,000 early creators, with ambitions to scale entry to 100,000 customers throughout the continent and the African diaspora by 2026.
A full deployment of the app’s plug-in structure will roll out in late 2025, additional embedding GIFT Gold and associated monetary merchandise into the platform.
Katia Zaitsev, COO and co-founder of Personal. app, added that the mixing aligns with the platform’s mission to “return energy to the creators” and provide a decentralized monetary infrastructure that matches real-world person wants.
An in-person occasion is scheduled for the fourth quarter of 2025 to have interaction native creators, display the mixing, and host roundtables on coverage and decentralized finance.
Learn Subsequent:
• $332 Million To Minus $85 Million: Why Are Ethereum ETFs Abruptly Extra Widespread Than Bitcoin ETFs?
Photograph: SWKStock through Shutterstock