Blockchain and Fintech expert, Mr. Kingsley Kobayashi, has disclosed the benefits of cryptocurrency payment gateway system.
Kobayashi, Nigerian-Japanese CEO of Harry Kings International and Founder of FBC Japan, said Nigeria is ranking second on the global scale of countries with citizens actively participating in bitcoin transactions.
Kobayashi who disclosed this in a statement said there are concerns that an alternative payment system will render the apex body and the banks moribund.
According to him, “concerns were why the fintech expert, Kingsley Kobayashi, is intent on creating awareness that will debunk these fears by showing that the technology encourages a collaborative effort where the pros outweigh the cons”.
“In Africa, the integration of blockchain technology in their financial systems and the acceptance of cryptocurrency as an alternative legal tender, is poor.
“In the light of this, Kobayashi, a reputable Nigerian-Japanese Entrepreneur, CEO of Harry Kings International, Japan and Founder of FBC Japan, is poised to change this narrative, starting with Nigeria.
“Nigeria is one of Africa’s fastest-growing economies with one of the highest GNP and second to South Africa in terms of the volume of transactions.
“A key financial transaction in the clime is foreign remittances sent down by family members living abroad.
“However, its financial system is overly dependent on the strictures placed by the country’s regulatory agencies, which mandates that all transactions must be routed through the banks.
“To this end, Mr. Kobayashi is collaborating with Fintech and security companies from Israel, Japan, UK and other countries to get the best secured and easy-to-use platform, which will provide financial processing services at a low cost for SMEs, start-ups, and the unbanked in Nigeria and Africa as a whole.”