E-commerce Firm PATRICIA Plans to Introduce the First Stable Coin in Africa

    Cryptocurrencies are essential forms of investment in the world today. They also have a distinct feature to that of fiat currencies.

    Even at this, stable coins haven’t had a good percentage of trading when it comes to cryptocurrencies in Africa, but now PATRICIA Technologies, a leading conglomerate in crypto-exchange in Africa is planning to fill the gaps and introduce the first stable coin in Africa.

    It is important to note that the latest Google trends show that Africa countries such as Nigeria, Ghana, South Africa, and Kenya are showcasing the most interest in cryptocurrency (especially Bitcoin) in the past one year, but however, this intense interest is not reflecting in terms of crypto-trading in the region – and PATRICIA aims to tackle that problem precisely.

    PATRICIA Technologies a leading gift-card company in Africa; it is also a prominent crypto-exchange company that has its branches in Nigeria and Ghana.  The company wants to promote cryptocurrencies (especially stable coins) in Africa.

    The Founder of PATRICIA Technologies, Mr. Hanu Agbodje, conveyed the news during a briefing to lead Africa into a new crypto-trading experience. During the briefing, Mr. Agbodje stated his satisfaction with Africa’s growth in technology and its new interest in cryptocurrency and crypto-trading.

    He stated,

    “Stable coins aren’t enjoying the same intense growth in crypto-trading especially when it comes to Africa. That gap is what PATRICA aims to fill by introducing stable coins into the African market for trading.”

    He further went on to say:

    “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 the general public. We intend to offer Africans something reliable, beneficial and that will boost the IGR of many African countries. Stable coins are important for exchange users, exchange operators, and for the cryptocurrency market as a whole.”

    The essentialities of Stable coins are numerous in the crypto-market today. Stablecoins are hanged to $1 USD. For more understanding, a Stable coin is a terminology used in the crypto space for a crypto meant to hold on to stable values.

    Tether, for instance, is a stable coin that is pegged to USD 1 and it is a price-stable digital asset. Nevertheless, the introduction of Stable coin for Africa will surely encourage cryptocurrency trading and increase Africa’s interest in cryptocurrency.

    PATRICIA not only prides itself in trading gift-cards and convert cryptocurrencies like Bitcoins. The company measures intense growths annually, and last year, it opened an online clothing store Room19, to make it one of the best e-commerce firms in Africa.

    Speaking during the launch of Room19, Mr. Abdoje said that PATRICIA would continue to do things differently and come up with new innovations tailored to make life easier for Africans through technology.

    He further said that,

    “PATRICIA will change the world and also change how businesses are perceived in Africa. Our vision is to make e-commerce system safe and secured for everyone; to offer peace of mind while doing business with us.”

    Bitcoin Price News Week in Review: All the Top BTC Predictions in One Summary

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Ali Qamar
    Ali Qamar
    Ali Qamar is a seasoned crypto and blockchain writer and a strong believer in cryptocurrencies with real-life use cases. Ali loves to cover any topic related to TRON and has a keen interest in other cryptocurrency verticals such as Ripple, Stellar, Bitcoin and more.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Crypto Exchange Binance Looks To Join Houbi, OKEx In Launching A Mining Pool

    Top crypto exchange Binance has plans to launch its own mining pool, according to a Russian crypto news outlet Coinlife on Tuesday. The news was...

    Coinbase Custody Moves Tezos (XTZ) Staking Bakery From US to Ireland For Regulatory Reasons

    Coinbase has managed to move the Tezos Staking Bakery, the largest validator since its launch in 2019 which the exchange has been operating since...

    BitMEX’s Operator HDR Global Grants $100k Towards Bitcoin Core Development

    BitMEX’s parent company HDR Global Trading Limited has awarded $100k to the Bitcoin core developer Michael Ford. This will be the second grant towards...

    Bitcoin, Ethereum, DogeCoin, Lightning Network's Code to be Buried Under Arctic Ice

    The Bitcoin codebase snapshot will be encoded onto film and afterwards be stored for 1,000 years under ice, in Svalbard, Norway. The move is included...

    Huobi Wallet to Integrate Crypto Lender Cred Allowing Users To Earn Interest

    The crypto exchange offering wallet services Huobi has closed a partnership with the decentralized crypto lending company Cred in order to offer user's interest...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.