By Solomon Odunayo
According to a trending report that speaks much about the growth of cryptocurrency in Africa, a firm, Patricia has launched first Africa’s ATM in Nigeria.
This is a global initiative that simplifies how its users interact with Bitcoin (BTC), giving them access to carry out their financial transactions at the swipe of a card.
According to the report, Patricia is offering a simple, single entry-point to the company’s specialized card, a system that gives the in-house and incoming users instant ability to withdraw cash directly from their Bitcoin (BTC) or Naira wallets.
The firm’s users can also make Point of Sale (POS) and web transactions. In other words, the users can simply use the ATM as much as using conventional ATMs.
The users can take part through their wallet, which permits them to store their Bitcoin (BTC), save cash and also make transfers to any wallet within and without the ecosystem.
The firm intends to take advantage of its insights and customer-centric services to engage new customers and expand its reach to new markets.
Several populaces in Africa are financially exclusive. So, the firm wishes to commit itself to make Africa financially inclusive, starting from Nigeria, the most populous country in Africa.
The founder of Patricia Technologies Limited, Fejiro Hanu Agbodje said,
“The thing about vision is that it should be ambitious and futuristic, but achievable. We understand that payments won’t (and can’t) change overnight and that there will be a long transitional phase before the world starts to fully transact in digital currencies.
That’s why we combine digital infrastructure with existing card processing and banking infrastructure. This is a necessary step to drive the mass adoption of digital cryptocurrencies.
“With the Patricia card, our users all over the world have access to cash, pay bills, make over-the-counter or inshore transactions, buy data and make subscriptions. We will allow you to spend your bitcoin, anytime, everywhere and anywhere.”