UBU: A NEW CURRENCY TO HIT DIEPSLOOT.

UBUNTU CURRENCY: A cyber currency that is going to change many lives in Diepsloot.

Maleka Charles

If the Government cannot afford the poor people of Diepsloot a better life then Project Ubu can.

Launched on Friday at Louise Blondel center, with a purpose of eradicating poverty in the community.

Project Ubu has undertaken to change the lives of many impoverished homes in Diepsloot by introducing a new financial system called glypto currency, an idea Dudley Bailey, founder of the project said the Government is foreign to.

“Project Ubu is a cyber currency that is going to change many lives in Diepsloot, we are aware that people have basic needs that need to be taken of.” Bailey said.

“Ubuntu is something we lose when we have nothing or when a child has no breakfast to eat in the morning, so glypto currency is going to help a lot. This is something the government is not aware of.” He added.

For people to access this new system Bailey said, they should register online using their smartphones or laptops.

“Ubu is free to everyone, remember it won’t be issued by the Government but it can be accessed through the internet using smartphones.”

Dudley Bailey paid tribute to all women especially Sharon Boys and Candy Muller, saying the two have played a pivotal role in making the project possible.

“First, I’d like to pay tribute to all women, most importantly Sharon Boys and Candy Muller for making this project a success, and we believe that people have values.”

Amongst the speakers Rowen Bird, a Radio presenter for virtually 35 years, urged the people of Diepsloot to do things differently to change their lives.

“People of Diepsloot you have to do things differently and not what someone else is doing,” She said.

With the advent of project Ubu in the community of Diepsloot, Bird said she is hopeful that the township will be as wealthy as the suburb in the South of Johannesburg by 2030.

“By 2030, Diepsloot could resemble the wealthy suburbs in the South of Johannesburg.”

The attendants were given money like vouchers called Glypto currency to spend around the premises at lunch to buy anything they wanted during the day.

Gontse Nakedi who had R2000 of Ubu notes to spend for two hours, said the project is a great benevolence to the community, as it will end the stigma of poverty in Diepsloot.

“This is a very modernized thing that is going to help many people in Diepsloot, maybe 50 percent of Diepsloot, poverty will be fought.”

The Ubu currency or glypto currency will be made officially ubiquitous in Diepsloot next year, once it passes its testing phases.

The system will be tested by the staff members of Louise Blondel center and the people that visit the center- Gail Styger said.

“For now we are testing it and once it passes, next year it will be made available to everyone.”