TheHILL | BUSINESS | JULY 8, 2021.
An Uyo-based e-Commerce company, E.C. Global Ltd, has announced the introduction of a new cryptocurrency known as Brando Coin.
According to the Chief Executive Officer of E.C. Global Ltd, Mr Ubong Brownson, the new currency which will be available to the public from Friday, July 9, 2021, would be focused on helping account owners to make easy transfers, withdrawals and purchases.
Brownson said, at a press conference on Wednesday, that the availability of Brando Coin to the public would go a long way in increasing the efforts of those doing business with cryptocurrency.
He said, “we want to open an exchange, just like Binance or Blockchain, a place where you can save your money.
“Brando Coin App is ready. From Friday evening, you can download it from the stores so that you can register and have an account.
“With your account, you can buy any coin of your choice. With that App, you can swap the coin to any coin you want, from Bitcoin to Ethereum or Litecoin”.
It would be recalled that the Central Bank of Nigeria, in February, 2021, ordered banks to identify persons or entities who were conducting transactions in cryptocurrency or running crypto exchanges and ensure that such accounts were closed.
But it would now appear that the ban did not stamp out the cryptocurrency business in Nigeria, as, according to Brownson, traders have found ways around the government bans.
“What we are trying to do is to also partner with some on-line banks so that if you want to do BTC withdrawal, you can still do your direct withdrawals and cash out your money with such banks”.
Brownson said his company would commence the preselling of Brando Coin on Friday, July 9, 2021 and that the process would last for 60 days.
After the preselling, Brownson said the coin would be listed with all the top exchangers in the market such as Binance, and others, so that traders would start trading with the coin and for investors to make money out of it.
He said: “We have given the coin enough utility. We have a solid plan on ground that will really help the coin to become one of the outstanding coins in the market.
“We have the crowd to make it happen. We have an existing business already that can always influence the coin positively anytime you want the coin to appreciate.
“Our coin will not just end with coins business alone, we are going to bring it down. After three months, what we are planning to do is to have a (petrol) filling station where you can use the coin to buy fuel.
“We are also working on ATM (automated teller machine) card. If you have our coin, you can use you ATM card and buy anything you want from any supermarket, as far as you have Brando Coin in your wallet”.
Asked why there is a surge in the interest in cryptocurrency lately, Brownson said with Crypto, one could transfer any amount within seconds.
He said it has become the the best, safer and fastest way of doing transactions now. He said those who will be partners with his company, E.C. Global Ltd, would benefit from Brando Coin.
A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.
