Firm Plans Crypto-currencies for Africa

• Firm Plans Crypto-currencies for Africa

The Founder, Patricia Technologies, Mr Hanu Agbodje, has said the firm plans to introduce crypto-currencies.

Agbodje made the plan of the firm known while speaking at a briefing on the need to introduce to Africa a new crypto-currencies, which he also described as ‘Stable Coin’.

In a statement, he said crypto-currencies were unique instruments in the investing world.

He said they shared many characteristics of traditional currencies but could also serve as platforms for more sophisticated financial products.

He stated, “Stable coin has not particularly enjoyed its fair share of trading, especially when it comes to crypto currencies in Africa. That gap is what Patricia Technologies, Africa’s leading online gift-card and crypto currency exchange company with branches in Nigeria and Ghana, intends to fill as the e-commerce firm recently announced the introduction of stable coins into the African market for trading.

“The media has covered crypto currencies for a few years now. Despite these efforts, the true nature of crypto currencies remains, somewhat murky and undefined. At the moment, crypto currencies represent different things to regulators, bankers, and to the general public.”