A Special Purpose Depository Institution Banking Solution.

As one of the top U.S. depository institution, and digital currencies, UJAMAA will create generational wealth for its shareholders and stakeholders in the Black, Indigenous, and/or People of Color (BIPOC) community.

Top Reasons Black and Brown People are Underbanked

In 1863 when the Emancipation Proclamation was signed, Black people in America held a little less than 1% of American wealth. Today that percentage is still the same.
High account fees
Too hard to meet minimum balance requirements
Inconvenient banking locations and hours
Personal identification or credit issues
Privacy concerns
Mistrust of banks

According to an FDIC Survey

0%
Black and Latinx
households do not
have a bank account.
0%
Black and Latinx families have
a bank account but used non-
bank credit or transaction
products in the last year.

SOLUTION

A Special Purpose Depository Institution (SPDI) licensed as a Federal Reserve clearing bank.

A Blockchain Ledger to conduit secure and private Peer to Peer, and Direct to Customer transactions and payments.

A payment system using a Stable coin backed 1:1 by the Fiat US Dollar

A Crypto coin to accumulate, and store wealth, and lend and borrow against.

A programmable digital stable coin. Which can be used for immediately settled, secure, and private transactions via our proprietary blockchain ledger.