Something new and different is stirring in the market stalls of Mbare, dancing down the kombi routes of Bulawayo, and catching fire across the informal economy of Zimbabwe.
Networks of value pulse with new life and growth, secure in
crypto-protected channels that connect anyone, anywhere...
for
free.
VimbisoPay is a revolutionary payment system that serves the hardworking hustlers who produce value across Zimbabwe's vast informal sector.
By offering secure access to the moneyless credex accounting ecosystem, VimbisoPay enables members to sidestep the costs of moving money across Zimbabwe and around the world.
VimbisoPay puts the networked credex ledger at your fingertips, connecting you to a dynamic living economic community in which members provide each other with the goods, services, tools, and relationships they need to prosper through the challenges of the moment.
Monthly memberships start at $1 USD
for unlimited transactions in any denomination.
Free accounts with daily limits are available.
Send "Hi" on WhatsApp to
263 785 304 448
to become a member.
Free secure WhatsApp chatbot to manage accounts and make free credex payments to anyone, anywhere, in any amount. Android app coming soon.
Free cash in (onramp) and cash out (offramp) services in Zimbabwe, starting in Harare and Bulawayo, with national expansion in progress.
Free global remittances, starting from members in Canada to members in Zimbabwe.
VimbisoPay integrates seamlessly with banks, financial institutions, and the global economy while maintaining mathematical, cryptographic, and financial independence from monetary dynamics like deflation and hyperinflation.
The credex ecosystem is an economic network in which members can move in and out of seven distinct roles: Hustler, Owner, Entrepreneur, Investor, Trader, Treasurer, or Auditor. Members in these roles generate and self-govern the constantly evolving economic relationships through which value pulses, grows, and accumulates. Each of the seven roles has a part to play in a responsive and co-emergent dance that requires no centralized control. The organic economy of the credex ecosystem bursts forth new opportunities for profit, growth, prosperity, and innovation to meet every challenge.
Hustlers are the engine of any economy. Economists may call them consumers, but most consumers have to hustle hard to pay the bills. The Zimbabwean nation is fed by Hustlers who are doing whatever it takes to survive in the informal economy, producing the goods and providing the services on which the people depend.
Hustlers are also working class people all over the world who are striving to build their wealth and open opportunities for themselves and their families. The greatest financial needs of these members are value exchange and stability. They need to exchange freely with customers, employers and suppliers so that their hustles and efforts can generate a surplus. They need to securely store that surplus as it accumulates, with as little financial risk as possible, so its value remains available for future payments, emergencies and investments.
Treasurers provide trustworthy financial security through the origination of secured credex contracts. A Treasurer opens trust accounts within the ecosystem, and each trust account is linked to an audited bank account, trading account, digital wallet, or physical vault in which the Treasurer stores and protects assets for those who require stability and security. Trust accounts lock stationary assets of real value such as gold, currency, government bonds and cryptocurrency to secured credex balances that flow freely anywhere in the ecosystem.
Auditors are elected by Treasurers to enforce their accountability to each other by vigilantly monitoring the balances held in every trust account and vault. Auditors probe security, analyze weaknesses and threats, and provide public reports on the trustworthiness of every Treasurer and the security status of every trust account and vault down to the last dollar and fraction of an ounce.
The greatest risk to a Treasurer is that of another Treasurer defaulting and leaving them holding the debts. Rigorous enforcement, aggressive Auditing to exacting standards, and regular debt clearing between Treasurers is in the best interests of all members.
Economic growth is created and managed by members in the productive roles, who pulse value through the network, increasing it with every successful movement:
Simply by using VimbisoPay to manage their hustles, members generate a credit history that they can use to secure the investments and loans that they need to grow their businesses.
Secured balances originating from audited trust accounts are the anchor point for financial security in the credex ecosystem. These effortlessly fractionalizable secured balances are fully backed by real assets and can flow freely anywhere in the ecosystem via secured credex contracts. Hustlers and others who receive these balances can send them free of charge to anyone, anywhere in the ecosystem. Anyone holding a secured balance can claim the underlying assets from the securing trust account at any time by issuing a secured credex contract (occurs within the ecosystem) and accepting delivery of the asset (occurs outside the ecosystem).
This audited and cryptographically secured anchor to real assets establishes an organically networked, multi-asset, full-reserve banking system, with the boundary between in-ecosystem and external asset cryptographically locked, vigilantly audited, and constantly monitored and enforced.
The credex ecosystem seamlessly integrates secured balance transfers with a network of unsecured peer-to-peer credit that can be transparently issued by any member in any role.
Any member can issue an unsecured credex debt backed purely by personal credit to any other member. The credex ecosystem clears these outstanding debts against each other wherever possible and reports defaults when necessary, enabling organic credit expansion and contraction across the network to the ever-changing degree that members trust their counterparty's capacity to repay their debts. The ecosystem provides credit reports so members can demonstrate their creditworthiness by their debt repayment history.
In Zimbabwe's rural areas where money is desperately scarce, the ability to issue small amounts of unsecured zero interest debt to each other is providing life-giving liquidity and market access to those who need it most. Unsecured credexes unlock value by enabling circulation and economic growth even in the absence of currency. VimbisoPay provides access to the credex infrastructure, which empowers communities to pool their existing resources, connect in networks, and grow their wealth.
Transaction values continuously spark across the ecosystem. Some of these sparks are unsecured credit, some are secured, some are algorithmically blended references to sets of underlying assets, market values, and debt instruments. As secured balances flow through the ecosystem and across cash in and cash out points, Treasurers end up holding balances secured by other Treasurers.
In order to meet cash in and out needs, Treasurers are required to rebalance holdings across the system by calling in the debts due from other Treasurers. Transferring financial assets like USD is a relatively simple and low cost task using existing banking and payment channels, so Treasurers pulse these values through the ecosystem in regular cadence as they clear trust account balances that they hold in digital assets.
But banks sometimes fail, governments sometimes default, and Zimbabweans know that the value of a currency sometimes evaporates overnight. A paper or digital asset is never 100% real, even the mighty United States Dollar, and especially USD held in banks that sometimes go insolvent. Gold is real, gold is secure, gold stores value like nothing else.
The cost of moving physical assets like gold (or even physical cash) to clear debts between Treasurers is far greater than the cost of moving digital assets, so the clearing of values held in physical vaults does not pulse through the ecosystem often, but the deepest heartbeat of value is flows of real, physical, gold as they move around the country and across the world between networked and audited Treasurers, providing the ultimate security for transactions in which credit cannot serve the purposes of the counterparties.
Knitting together secured credex, unsecured credex, and flows of value across the network, Traders create and manage algorithmic denominations. These denominations are tradable contracts, derivatives, futures, options and more, and they provide capital and various kinds of financial risk management to the productive roles that create value in the real economy. Traders establish benchmarks and reference points for economic activity (e.g. stock indexes), arbitrage profit to ensure competitive efficiency across the ecosystem, and provide the containers, securities, and reference points for capital flows at the largest scale.
These financial products provide utility for arbitrage and large scale market activities rather than for day to day payments or financial management. Investors and Entrepreneurs make regular use of their chosen subsets of these products, issued by their chosen Traders, linked to assets held by their chosen Treasurers or to companies, sectors, and markets that they operate in.
Relationships between the seven networked roles fully replace dependence on the flawed and brittle financial architecture of modern central banking. With member data cryptographically secured on an audited shared ledger, credex is a shield against financial oppression of all kinds.
VimbisoPay offers African entrepreneurs the tools they need to effectively protect themselves from colonial dominance and local corruption as we enter the century in which African growth becomes the dynamic heart of the global economy.
See source code for the credex-core API and the vimbiso-chatserver client.