In an effort to remodel the panorama of worldwide transactions, FiatPlug Applied sciences Restricted is gearing as much as launch a peer-to-peer (P2P) fintech software. This app is designed to revolutionize the best way funds and remittances are dealt with worldwide, particularly catering to the wants of Nigerians amid financial uncertainties.
The significance of this innovation is underlined by the truth that remittances account for six.1 % of Nigeria's GDP. Many Nigerian entrepreneurs and people face vital hurdles in receiving worldwide funds, a scenario that FiatPlug's new app goals to enhance.
Founding father of FiatPlug Applied sciences, Chinaza Ojika, lately introduced the upcoming unveiling of this fintech resolution.
“Our purpose is to develop modern strategies that permit companies and people to obtain worldwide funds through cryptocurrencies, which might be seamlessly transformed into native currencies,” mentioned Ojika.
The app shall be formally launched on the finish of January 2024 and shall be accessible on all main app shops, marking the beginning of FiatPlug's full operational providers.
Ojika highlighted the corporate's dedication to growing cutting-edge applied sciences that can redefine financial transactions throughout the continent.
“We aren’t solely within the enterprise of simplifying and introducing improvements, we plan to lift the flag of the nation greater with our superior know-how in order that points like BTA, PTA and different monetary challenges shall be resolved as soon as and for all ” explains Ojika.
Elaborating on the app's identify, Ojika famous, “'FiatPlug' combines the idea of fiat foreign money with the 'plug' of blockchain know-how, signifying our purpose of facilitating world funds.”
