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Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban (64533 Views)

Bitcoin, TBC, Ethereum and Other Cryptocurrency Ban: What You Should Do. / My Thoughts On Cryptocurrency Ban In Nigeria / Crowd Storm Loom Headquarters In Lagos To Demand For Their Money (2) (3) (4)

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Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by lalasticlala(m): 9:44pm On Jul 21
Nigerian Fintech company, Patricia has announced that it has relocated its operations to the Republic of Estonia and its headquarters will now be domiciled in the Northeastern European country. According to the startup, the move is in response to the ban on crypto trading by the Nigeria Government as well as part of a global expansion plan.

According to CEO and Founder, Hanu Fejiro Agbodje “What originally came as disastrous news turned out to be the cornerstone we needed for this worldwide expansion.” He was referring to the crypto trading ban by Nigeria’s apex bank, the Central Bank of Nigeria (CBN).

Recall that the CBN issued a circular on February 5th, 2021 directing banks and other financial institutions to desist from transacting in/and with entities trading cryptocurrencies and close their bank accounts accordingly with immediate effect.

According to Hanu, the forced expansion will strengthen their relationships with marketers and agencies in the global crypto markets, whilst positioning it for leadership in Nigeria and Africa.

Founded in 2018 as Patricia.com.ng as an eCommerce platform that trades unused iTunes, Amazon, and Google Play gift cards, Patricia now offers diverse financial solutions with a presence in Ghana, Kenya, South Africa, and China

It was announced as a co-headline sponsor for the 6th edition of BBN starting in a few weeks by show owners, Multichoice about 3 months ago.

In its directory of cryptocurrency transactions, Nigeria’s apex bank indicated that “VCs such as Bitcoin, Ripples, Monero, Litecoin, Dogecion, Onecoin, etc, and similar products are not legal tenders in Nigeria, thus any bank or institution that transacts in such businesses does so at its own risk.”

The regulation caused major reactions on social media by economic and technology space analysts as well as international agencies such as the IMF.

The ban forced players within the space to device new models to survive. For instance, Patricia announced a new platform, Glover Exchange as the new entity responsible for the day-to-day operations for its Gift cards, Airtime2Cash, and refill services (Bill Payments) but the corrective effect of the move seems not to be impactful.

https://technext.ng/2021/07/20/cbn-crypto-ban-aftermath-patricia-relocates-headquarters-from-lagos-to-estonia

42 Likes 2 Shares

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Seniorwriter(m): 9:49pm On Jul 21
Let's create an opinion pool...
Click like if you believe bubu has a crypto currency account.

Click share if you think bubu rather rare cows instead of having a crypto account.
Lolz
The NL member below me deserves a free Digital Skill training from me to earn @least $50 weekly to calm his nerves....this buhari led administration can make one go berserk!


We need young visionary leaders.



@Seniorwriter

54 Likes 232 Shares

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by EmmanuelScott1(m): 9:50pm On Jul 21
Thunder fire buhari
Thunder fire Lai Mohammed
Thunder fire APC
Thunder fire zombies

Bunch of useless lifeless humans cry

562 Likes 40 Shares

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by WarriAproko: 9:51pm On Jul 21
embarassed

2 Likes 4 Shares

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by zeedrous: 9:51pm On Jul 21
Too bad

2 Likes

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Grandmasteer(m): 9:51pm On Jul 21
alright.. nah wetin remain be that

3 Likes

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by maureensylvia(f): 9:51pm On Jul 21
Eehya
Good for him

I'm an Agro merchant based in Kano. I deal in Agro commodities which includes Rice, beans, maize, sorghum, Millet, Dried Ginger, Dried Tumeric, Dried Hibiscus flowers... Suitable for exports. My phone number is on my signature for more Enquiries

19 Likes 6 Shares

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by emvicks2(m): 9:51pm On Jul 21
Ok

6 Likes 1 Share

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Mac12(f): 9:51pm On Jul 21
What were they expecting This our country sef

4 Likes

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by loveli2uall: 9:51pm On Jul 21
Respect

3 Likes 1 Share

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Julianaa: 9:51pm On Jul 21
They are going places


Patricia to the world

23 Likes

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by tempem: 9:51pm On Jul 21
"What originally came as disastrous news turned out to be the cornerstone we needed for this worldwide expansion.”

86 Likes 7 Shares

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by southniyikaye(m): 9:51pm On Jul 21
If I see a way to move my business and potentials out of this country, i will..
This country will kill your potentials and dreams and still render you frustrated and hopeless

170 Likes 15 Shares

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Lewalexzy(m): 9:51pm On Jul 21
Las las na eerybody go leave this country oga oh

7 Likes 1 Share

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Sonnobax15(m): 9:52pm On Jul 21
shocked

Na like this companies take start to dey depart warri that year...we be think say na normal thing not until every company relocate comot from Delta enter PH, leaving agbero,okada riding,and bakery as the only similar option to oil companies in the whole of Delta state lipsrsealed

Something must be done..if not,the kind direction wey the country dey head towards so go get as e be..

228 Likes 16 Shares

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by ohosi4real(m): 9:52pm On Jul 21
Very soon everybody will leave Nigeria for Buhari and Fulani men.

58 Likes 1 Share

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Kobicove(m): 9:52pm On Jul 21
Do Nigerians even use it?

8 Likes

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Abujaexpress: 9:52pm On Jul 21
Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Mide3367: 9:52pm On Jul 21
Hmm
Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by NwaNimo1(m): 9:52pm On Jul 21

16 Likes

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by sexdogz2018(m): 9:52pm On Jul 21
Nice development
Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Xscape047: 9:52pm On Jul 21
Ok
Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by cnnamoko(m): 9:52pm On Jul 21
wow
Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by clockwisereport: 9:52pm On Jul 21
Every disappointment is a blessing

2 Likes

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Doveflies(m): 9:52pm On Jul 21
Hh
Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by TalkTalkTwins(m): 9:53pm On Jul 21
Thanks, Buhari, you're serving them hot hot...

We just lost another taxpayer

49 Likes 6 Shares

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Luluakim: 9:53pm On Jul 21
Hmmmmmm
Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Gambit23: 9:53pm On Jul 21
Seniorwriter:
Let's create an opinion pool...
Click like if you think Buhari
??

1 Like

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by Tobloc(m): 9:53pm On Jul 21
Good for them.

1 Like

Re: Patricia Relocates Headquarters From Lagos To Estonia After Cryptocurrency Ban by McStoic(m): 9:53pm On Jul 21
Employment opportunities being shut down by the great Daura D...

21 Likes

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