LOPEER INCLUDE NAIRA AS PAYMENT OPTION THROUGH NEW FEATURE

Crypto platform, Lopeer, has made preparations to allow the Nigerian Naira be used in the crypto space for money-related activities.

This integration enables African cryptocurrency users to deposit physical currency into personal crypto wallets for their savings and investment purposes. Lopeer says these preparations will complement efforts to aid the adoption of and building of knowledge on crypto. The new feature also enables conversion from the naira to the US dollar, and as well, enable “accredited merchants” and app users to make deposits.

“We are pleased to launch this new feature that will enable our users in Nigeria to deposit Nigerian Naira (NGN) into their Lopeer wallet, especially at this time when people are looking for a way to save in USD and protect themselves against currency devaluations. Users can now deposit NGN and instantly convert it into USD for safe keep on Lopeer,” says Co-Founder and Chief Technology Officer (CTO), Eze Sunday.
“Our mission is to bring financial inclusion and prosperity to Africa and emerging markets by building solutions that will give access to decentralized finance, and we are glad to be fulfilling a part of that mission today.”

Africa has been seen as growing hub for crypto markets by the International Monetary Fund (IMF) despite its irregularities. Countries such as Kenya, Ghana, Nigeria and suchlike use the currency. It also has the tendency of use as “legal tender” in various countries, with backing from the central government.

Comments

Post a Comment

Popular posts from this blog

CHECKPOINT: AGENTTESLA TOPS MALWARE REPORT FOR OCTOBER, NEW THREAT DISCOVERED

Image
Cybersecurity solutions provider, Check Point SoftwareTechnologies , is reporting that AgentTesla , a remote access trojan (RAT)/ keylogger, has recorded the most impact on organizations across the globe. The release of their Global Threat Index report for October 2022 states that the malware has affected seven percent of organizations worldwide, along with multiple attacks from Lokibot , an infostealer, and Text4Shell , a new threat targeting Apache Commons Text. Vice President, Research at Check Point Software, Maya Horowitz, says, “We saw a lot of change in the rankings this month, with a new set of malware families making up the big three. It is interesting that Lokibot has climbed back to the third spot so quickly, which shows an increasing trend towards phishing attacks.” As we head into November, which is a busy buying period, it is important that people remain vigilant and keep an eye out for suspicious emails that could be carrying malicious code. Be aware of signs suc...
Here's more »

IBM JOINS HANDS WITH RAPIDUS TO ADVANCE CHIPMAKING IN JAPAN

Image
Global IT corporation, International Business Machines (IBM), is partnering with Rapidus, a Japanese-backed semiconductor provider, to support the country’s strides in exploring and producing advanced chips. The partnership will also see improvement in IBM’s new two nanometer node technology responsible for communications. The explorations and manufacture of advanced semiconductor technology will help to make headway in its resolve. The partnership will also leverage IBM’s influence to achieve their joint goals. “This is a long-desired international collaboration, truly essential for   Japan   to once again play a vital role in the semiconductor supply chain. I am fully confident that this collaboration will pave the way for our goal of contribution to the well-being of humanity through advanced logic semiconductors produced with technologies jointly developed with IBM,” says President and Chief Executive Officer (CEO) of Rapidus , Atsuyoshi Koikex. In addition, personn...
Here's more »