ODUWA COIN QUICK STATS:
|CREATION DATE:||January, 2018|
|DEVELOPMENT STAGE:||Full Release|
|TARGET SPACING:||60 seconds|
(OWC) Bringing Forward the Digital Currency Frontier in Africa
Africa’s growing connectivity rate and cryptocurrency adoption are a testament to the need for a better digital payments system across the continent. Due to high inflation rates, steep transaction costs for international payments, and the fact that the majority of the continent’s population is underbanked, the need for a digital infrastructure that better serves its communities is growing.
To solve some of these challenges, the creators of Oduwa Coin have brought us their efficient digital payment ecosystem. Built on the foundation of hybrid blockchain POW/POS, Oduwa Coin is a cryptocurrency network that uses peer-to-peer technology to settle the transactions within its platform and eliminate the transaction fees between the OWC users.
One of the goals of Oduwa Coin is to create an effective digital infrastructure for indigenous communities in Africa, and to transform the way people interact with each other across the continent and with the rest of the world. Designed to eliminate fraud and double-spending, the Oduwa Network also offers Oduwa Insurance, which is supposed to protect its users’ funds against any market trade loss for a contractual period of time.
The creator of Oduwa Coin, Bright Enabulele, is said to be on a mission to bring the benefits of blockchain to the downtrodden and most remote areas of Africa. Originated from the ancient kingdom of Benin, Oduwa translates to “The Road Map to Wealth,” with the belief that, “your money should work for you and not against you.”
With quicker transactions at lower costs, Oduwa Coin users can make payments and donations, accept crypto in their Ecommerce stores, trade and mine the cryptocurrency, people in Africa can spread crypto adoption across the continent and beyond.
You may now Store, Send, and Receive OWC with CoinPayments!
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