Nigeria Foremost World’s First Charitable Trust DAO (InksNation) under iBSmartify Nigeria inventors of the World’s First Philanthropic Blockchain (InksLedger) has just acquired a Switzerland Fintech Company.
A Fintech company is any organisation that is using technology to develop or improve financial products and services. This can include banks and startups.
This was made available in a press release by the Founder of the organization Omotade-Spark.
Omotade Spark also gave the Features of the Fintech Company.
The Financial activities allowed
Providing services related to payment transactions, in particular by carrying out electronic transfers on behalf of other persons, issuance and managing the means of payment such as credit cards and traveller’s cheques.
Carrying out credit transactions (in particular in relation to consumer loans or mortgages
Factoring, commercial financing or financial leasing)
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Trading in its own account or for the account of others in banknotes, coins, commodities
Making investments as investment advisers
Acting like the authorized escrow agent
Holding securities on deposit
The Crypto activities allowed
Providing services of exchange virtual (crypto) currency against the fiat or another crypto and vice versa,
Providing crypto-collateralized loans
Providing virtual wallet services (the license covers services when the wallet keys are created and held while the funds belong to user)
Legal rights to sell, trade and store digital assets
ICO (payment and utility tokens)
The inventor also said, “So we will see how we integrate it to our payment gateway and maybe MFB/Commercial Bank in Nigeria”
The Press Release Read in Full,
The House of Omotade-Sparks has successfully bought a Fintech Company with Crypto License in Zug, Switzerland more updates will come on this.
We are working on another one in Malta and will soon get that done.
We are also working on registering InksNation in India livingnodes yapa for there. China is a little tough
The donations for the Microfinance will start Thursday please bear with us. We wanted to do our part first.