OduwaCoin, the first Pan-African digital currency, is setting itself an ambitious goal to help shape the future of finance and the assets of Africa’s citizens.
Launched by Bright Enabulele and his team, OduwaCoin aims to give hope to the people of Africa by providing a truly decentralized digital currency that they can use for everyday purchases and trading.
Coming from a socio-economic engineering background, Mr. Enabulele started developing the idea for OduwaCoin several years ago to help his fellow countrymen and women find a gateway to prosperity through an alternative to fiat currency.
Digital currency is the future
With the rising popularity of Bitcoin from its early days and the fast adoption of digital tokens, many alternative coins have been entering the market in the past two years. From Ethereum to Dogecoin, global citizens agree that digital currencies are the future, and decentralized finance is the new economic truth.
After discovering this opportunity to impact Africa, Mr. Enabulele launched OduwaCoin on its native blockchain, bringing about a new democratic and transparent form of currency trading to indigenous people. OduwaCoin, since its inception, has become an increasingly popular digital currency and has a finite number of 21 million coins. This limited supply implies that the digital currency itself is set to retain and increase its value over time, enabling early adopters and investors to benefit.
While OduwaCoin is just in its infancy, the platform has already found popular demand. Its design also empowers its users to hold and trade their Oduwa coins with other exchanges. There is no transaction fee on the blockchain network for those interested in getting their first experience owning a digital currency. The platform allows people to trade and exchange their tokens with no limitations, which is unique. Bright says, “money should be free to send and receive on the blockchain.”
Immutable transactions
Through its digital platform, OduwaCoin has a network of node operators that ensure data remains transparent while supporting its ongoing operations that maintain accessibility from anywhere in the world. This approach has strengthened its appeal, coupled with strong infrastructural foundations and highly secure blockchain technology.
As decentralized finance becomes more widely adopted, the technology of buying and selling digital currencies has improved considerably in 2021 alone. With 140million people holding digital wallets with various cryptocurrencies, there is an emerging shift toward online trading and making purchases digitally. We are in a new paradigm. It is now more evident because major corporations and institutions are racing to offer payment options for digital currency holders as the market goes through an entire growth period.
Our Hope
Africa has been at a disadvantage in the global financial system when it comes to remittance and cross-border payments for many years. However, people could soon create new wealth opportunities and economies of scale with no borders with cryptocurrency. The entire process could lead to new projects being launched through cryptocurrency crowdfunding, supported by like-minded people.
As OduwaCoin develops new integrations such as its Mobile Wallet and OduwaPay options for merchants, people that have registered with the platform will also be able to transact with other outlets, eCommerce stores, and many more soon. This technology will quickly open the gateway for people who do not have banking access and create more options to make purchases through digital wallets.
In developing countries, millions of citizens do not have access to traditional finance, nor can they easily set up their bank account. With OduwaCoin, people across Africa can benefit and start taking part in the digital currency revolution.
Have you considered exploring OduwaCoin and registering your first wallet to trade in digital currencies?
