Nigeria Inksnation acquires Switzerland Fintech Company

Nigeria Inksnation acquires Switzerland Fintech Company

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.

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