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Home » Meet Dantown, the Port Harcourt-based Fintech Leveraging Cryptocurrency to Solve Payment Problems

Meet Dantown, the Port Harcourt-based Fintech Leveraging Cryptocurrency to Solve Payment Problems

Joel Nwankwo by Joel Nwankwo
October 25, 2023
in Fintech
Reading Time: 2 mins read
1
Dantown

Port Harcourt is currently experiencing an immense influx of digital asset companies and cryptocurrency traders in the last decade.

Cryptocurrency is arguably one of the most intriguing technologies accessible. The digital currency is here to stay and is an asset for several firms in the city. Goodnews Igwe, CEO of Dantown believes that cryptocurrencies will significantly alter the extent of banking in the world.

Dantown is a fintech company that solves payment problems using cryptocurrencies. We instantly buy and sell cryptocurrencies, and our services are tailored to satisfy individual consumers and merchants.

Goodnews Igwe launched Dantown in 2018 with the aim of creating a sleek crypto exchange experience for users. According to Igwe,  the move to a digital environment for the world economy is inevitable, as investments in money transactions are going digital.

“The newest and most exciting development in the industry for digital payments is cryptocurrency. There are too many advantages of cryptocurrency to list for both people and the nation’s economy, particularly in Nigeria.”

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DanTown provides customers with a Naira wallet when they create and verify their accounts. With this wallet, users can receive money from any Nigerian bank and send money to any bank of their choice in real-time.

The firm’s Crypto Wallet is fitted with the cryptocurrencies it supports. Users can transfer their cryptocurrency from this wallet and also receive cryptocurrencies in real time. Dantown is continually working to add more cryptocurrency wallets to its system to support more customer transactions.

This year, Dantown started its campus invasion with Ignatius Ajuru University in Rivers State. The firm aims to captivate young minds, empowering them to embrace a future driven by fintech innovation through the programme. 

Nigeria is one of the leading nations in the adoption of blockchain, which has increased over the past several years. Several emerging communities in the country are making remarkable progress in embracing the technological innovation of blockchain despite their less-than-ideal socioeconomic circumstances.

The southern part of Nigeria is one location that has not yet completely tapped into the possibilities of the technology, despite blockchain being on its way to becoming a key component in the upcoming digital revolution of the global economy.

More southern cryptocurrency and digital asset management companies are joining the club, and we anticipate that many of these firms will inform some of the future unicorns from Nigeria.

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Joel Nwankwo

Joel Nwankwo

Joel Nwankwo is a tech journalist. He is passionate about telling stories as it relates to Africa's social and financial tech advancements. You can reach him at joel.nwankwo@techeconomy.ng

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