Nigerians have been reacting with mixed feelings following the recent announcement by crypto trading company Patricia, that the company has now relocated its headquarters to the Eastern European country of Estonia.
Many believe that this latest move by a key industry player is not unconnected with the recent ban on cryptocurrency-related activities by the Nigerian apex Bank. You will recall that the Central Bank of Nigeria recently enforced its anti-crypto policy after it ordered all Nigerian Banks and other financial institutions to henceforth close down every Bank account linked to cryptocurrency activities. A move many industry analysts described as rather harsh and totally uncalled for. Experts believe the apex Bank should have rather spearheaded an effort to regulate the sector rather than enforcing a total ban on it.
This global movement is set to strengthen our relationships with marketers and agencies in the global crypto markets, whilst also positioning us as the leading cryptocurrency trading company in Nigeria, Africa, and Europe.
This recent development is accompanied by the launch of our new and upgraded Patricia app version 2, which features lots of new updates and upgrades, including crypto swap; a betting feature that enables users to use crypto to place bets; the app also introduces new cryptocurrencies (coins) to add to the already existing Bitcoin. There’s also an automated buy limit for crypto traders, and the Refill service has also been upgraded to include international transactions.
Looking at how we have managed to dominate the Bitcoin market in our 3 years of existence, our CEO and Founder, Hanu Fejiro Agbodje quipped that “What originally came as disastrous news turned out to be the cornerstone we needed for this worldwide expansion” referring to crypto trading Ban by the Nigeria Government.
He also remarked that “the decision to expand and move our headquarters to Europe is part of our plans to improve our business strategy”. “We want to play in the big league, there’s no passion to be found playing small, we want to be in the most sophisticated markets in the world, this is an opportunity for us to lead the fifth Revolution”.
As one of the industry’s fastest-growing financial solutions providers, our goal is to empower brands and individuals to take control of their digital finance through an advanced cross-border payment solution provided by Patricia Business.