In an era of digitalization, finance and digital currency have taken center stage. In order to confirm a purchase, all you need to do is transfer the money electronically, without the need to sign credit card receipts. Payments made using digital platforms are quick, effective, and time-saving, and are indeed the first step towards a cashless society.
To maintain the credibility of the transaction, blockchain technology has come into being, which has also opened several possibilities for the financial world. Amid such developments, Bright Enabulele, the founder of Oduwacoin, is attempting to establish cryptocurrency as the new voice of Africa by bringing it to the African mainstream.
The Making of Oduwacoin: Features and Benefits
Oduwacoin is the first pan-African cryptocurrency invented by Bright Enabulele, a software engineer whose interest in blockchain arose in 2010 and which he implemented from the grassroots in 2018. Bright started his digital venture to bring the benefits of blockchain to the downtrodden and indigenous communities of Africa.
Oduwacoin is a secured cryptocurrency platform that helps transfer digital cash to anyone without any fees, making it ideal for small transactions. The platform helps eliminate human meddling, double spending, counterfeiting, and excessive printing in contrast to government-issued currency.
Oduwacoin crosses geographical boundaries and is accessible to everyone within the 54 nations of the African continent. Oduwacoin would also maximize chances for effective international trade and increase financial inclusion for people whose access to traditional banking is restricted.
Oduwacoin is a peer-to-peer blockchain model that allows users to own a share of the currency and receive rewards in the form of additional coins. Pan-African cryptocurrencies have special advantages, such as improved financial security for people and improved effectiveness for cross-border transactions. It also has the potential to transform banking in Africa.
Oduwacoin wallet, OWC supply, and recent developments
Oduwacoin was updated to the latest network protocol, IVIE, in June 2021. With the currency code OWC, Oduwacoin has a maximum supply of 21 million OWC tokens. The conversion of OWC to local fiat money is facilitated by OduwaPay, which also eliminates the chances of accounting and calculation errors.
Undoubtedly, Oduwacoin is the future of the African economy and has laid the foundation for people in Africa to adopt digital currencies and find solutions to their economic problems like corruption, inflation, and inadequate financial infrastructure.