The Patricia Blog
Stories from the easiest and most trusted place to buy, sell, and use crypto
Crypto: The Secret Ingredient Of The Future
Everyone has that favorite meal that they can cook with their eyes closed. While some recipes are easily available for anyone to learn from, some come with more complicated processes.
You might ask what the relationship between food and crypto is, but have you ever thought of crypto as being the secret ingredient of the future of finance? The secret recipe that no one wants to reveal, hence the whole world learns of its relevance.
Cryptocurrency is the future of currency and cross-border transactions.
At Patricia, what we do is centred on making crypto transactions easy, convenient and you can rely on us for all your crypto trades.
While cryptocurrency traders are like chefs whose goal is dedicated to see the preparation of each irresistible dish, to prepare that one dish everyone cannot resist, so they keep coming back for more and eventually, other chefs would find ways to try to replicate that same dish.
With the development of numerous cryptocurrencies since the first one emerged in 2010, we can say that crypto is fast becoming part of the financial market.
This inclusion benefits more than just the crypto traders. It affects the world at large and the future of how transactions are made.
This currency of the future will enable small businesses to thrive when it comes to payments. In present times, some offline stores already accept bitcoin as a payment method. Even though there are less than a handful in Africa, there’s more in other parts of the world. This is not excluding the various sectors of the economy- education, healthcare, creative industries, and others.
A decade from now, the universal language of money would no longer be fiat, it would be cryptocurrency, and that’s a fact yet to be proven, but certain to come true.
Latest
Why Trading Is Easy On Patricia OTC Desk.
Over-the-counter (OTC), as the name implies, involves trading without "exchange" supervision. In other words, OTC makes trading convenient without going through various lengthy procedures; which is what we provide for our users here at Patricia OTC desk.
Our over-the-counter (OTC) desk is an exclusive and personalized service outside the Patricia App. The Patricia OTC desk is a platform where high net-worth individuals get instant liquidity for their bulk trade, with utmost privacy and the most competitive rates. Via this platform, our users can trade fiat (Naira, Pounds, USD, etc) to crypto and vice versa.
What are the benefits of Patricia’s OTC trading?
We offer a range of services on our OTC desk and some of our benefits include:
- 24/7 operation
- Enabling bulk transactions
- Unlimited coin options
- Private transactions and many more.
How to trade over-the-counter?
For your convenience, we strive to make crypto payments easy through the following steps:
Onboarding:
A secured link will be sent directly to your authorized personal/ business mail to submit the required details/ documents. Afterwhich, our team will approve this and you can begin trading!
Trading and communication:
Our trade agents are here to guide you through a tailored experience that ensures you are involved in every step.
__Payment and settlement: __
Once you have gone through the necessary steps, the settlement timeline for each trade volume will be communicated before each trade is communicated.
With these easy steps, you will be able to be a part of Patricia’s OTC trading, which will enable you to trade from anywhere around the world.
PATRICIA AT OUI CAPITAL TOURNAMENT
This past weekend Oui Capital hosted the first-ever football tournament for Nigerian Tech innovators tagged the “Start up Cup” with the goal to bring together startups within the ecosystem in one space without a podium, moderators, panelists, mics, and everything else that suggests a "conference”.
This tournament held in Lekki, Lagos last Saturday, 25th of June, 2022 in ideal weather. anl event intended to unite the innovative startups in the Nigerian Tech-ecosystem.
As expected the “Patricia Soccer Stars” were in attendance to put their skills to the test against other innovative minds in the tech industry.
The first match kicked off at 11am between Eden Life and MVX began. Eden Life quickly dispatched MVX, outplaying them to a 4-0 score, and advanced to the semifinals.
The next matchup had the “Patricia Soccer Stars” playing against the Trade Depot team. The game kicked off cautiously with both sides trying to gain the upper hand. Soon enough Team Trade Depot took the lead, with the Patricia Soccer Stars increasing their efforts to save the match. Unfortunately, Patricia gave up two more goals, putting the final score at 3-0.
(Team Patricia entering the match against Team Trade Depot)
The so-called "El-cashico" game,in which Paystack defeated TeamApt 1–0 to qualify for the semifinals, was played between the two teams.
Economy and Cassava played the last match in the first round, anding up as the first match to proceed to penalties, with Herconomy emerging victorious
For a quick fun break after the first round, the fans were welcomed to the ground to participate in some side attraction games after the first round, and a dancing ensemble delighted the crowd.
Carrying on into the second round saw Eden Life and Paystack locked in a fierce play for a spot in the finals, which ended in victory for Eden Life, as they scored a last-minute goal.
This left Trade Depot playing against Herconomy to secure a spot in the finals. For which Herconomy will have to try in the next season as Trade Depot moved on to play against Eden Life in the finals.
The spectators were not left out in enjoying some competitive action as they slugged it out in sack races, egg races, and spoon races, where Patricia finished in second place.
For the finals. Trade Depot emerged the first Start-up Cup champions after defeating Eden Life, who was the fan's favourite to win it all at this time.
The 1st, 2nd & 3rd place teams left with trophies and medals respectively as did the other teams that competed in the tournament.
Our CEO Made Advance Media's "Most influential Young Africans" Class of 2021.
For us at Patricia Technologies, 2022 couldn’t have started on a better note. Our January is off to a great start as our chief do the most officer made the Avance Media list of Most Influential Young Africans of 2021.
Avance Media, Africa’s leading African PR & Rating firm, recently announced its 6th publication of the annual ranking of 100 Most Influential Young Africans, a list that celebrates the brightest and most successful young Africans across the continent.
The list features Africa’s brightest minds across tech, business, Finance and entertainment industries and it is a laudable recognition for us to see our CEO listed amongst the 21 Nigerians who make up the county’s representation on the list.
This year’s list throws a huge spotlight on personalities pursuing their dreams, creating magic and bent on putting Africa in the global spotlight!
It is worthy to note that the Criteria for selection for Avance Media’s 100 Most Influential Young Africans included in this list are; excellence in Leadership & Performance, Personal accomplishment, commitment to sharing knowledge, breaking the status quo and being an accomplished young African.
To say that our CEO more than fit the bill will be an understatement, but we do not like to toot our horn and this recognition goes far to commend the thriving crypto-powered ecosystem we are building via our super app.
Under his leadership, Patricia technologies have grown from a mere idea to a billion-dollar valuation company and we are still reaching for the stars.
With 52 males and 48 females representing 32 countries on the continent, this year’s
publication throws a huge spotlight on various talents and personalities pursuing their dreams
in pursuit of making the continent proud and setting an example for young people on the
Continent.
With individuals from industries such as technology, business, and entertainment, the MD of Avance
Media, Prince Akpah mentioned that the continent is blessed with a lot of inspiring young
people who have the power to prove the worth of the continent’s future. He also mentioned
that African leaders, must focus resources on training its youthful population to be ready to
compete with other young people from across the world.
El Salvador Assembly Approves $150Million Bitcoin Trust.
Sometime in June this year, El Salvador made the headlines for being the first country in human history to consider using Crypto (Bitcoin) as a legal tender. Sept. 7, 2021, will see this history made as the North American Country becomes the first in the world to adopt cryptocurrency as a legal tender.
Fast forward to Aug. 31, 2021. The Finance Commission of the El Salvadoran Assembly has agreed to create a $150 million Bitcoin trust. To facilitate exchange between Bitcoin and U.S. Dollars, the national newspaper El Diario de Hoy reports. Since 2001, the U.S. dollar has been the official currency in El Salvador which bitcoin will join and not replace as legal tender.
With 64 votes in favour and 14 votes against, the funding got approval as El Salvador prepares to officially adopt bitcoin on Sept. 7, 2021.
María Luisa Hayém Brevé, the El Salvadoran Minister of Economy, reportedly said that there is a possibility of increasing the initial $150 million allocations. She also touched on the fear and doubt El Salvadorans have shown as regards adopting Bitcoin. To this end, the government is doing its best to onboard El Salvadorans on the Chivo wallet.
However, one thing is that the financial world will be watching El Salvador in the coming weeks as it becomes the first country to adopt decentralized digital currency.
Despite the uncertain mandated nature of the Bitcoin law, El Salvadorans can decide to either accept Bitcoin or take $30 worth of Bitcoin commission-free. The Bitcoin Trust will help aid continued trade in dollars for those wary of this ground-breaking financial technology.
The parliament also agreed to change this year’s General State Budget to repurpose a $500 million loan from the Central American Bank for Economic Integration. To make provision for the Bitcoin trust to be managed by the Development Bank of El Salvador (Bandesal).
By Sept. 7, every El Salvadoran will have access to $30 in Bitcoin from the government through their Chivo wallet app. All bitcoins gotten or exchanged on the Chivo app will be commission-free, and citizens can begin to legally receive Bitcoin as payments without having to pay additional changing fees.
The purpose of this law is to financially support the alternatives that the state provides, without prejudice to private initiatives, that allow the user to carry out the automatic and instantaneous convertibility of bitcoin to the United States dollar.
Twitter is set to launch a Bitcoin tipping service for users.
Twitter is now testing the ability to tip users in Bitcoin through Jack Maller’s lightning network app Strike.
Reports indicate that the micro-blogging platform’s new feature will be facilitated through Jack Maller’s wallet service, Strike, which is powered by the Bitcoin Lightning Network.
Earlier this year, Twitter had introduced the “Tip Jar” feature and now it is beta testing an update that allows content creators receive tips in Bitcoin. The report stated that Bitcoin is not yet available to select as a tip option in the release, but closer inspection of code suggests that Twitter is in the process of rolling it out to beta users and perhaps all users in the long run.
Mobile developer Alessandro Pa0luzzi also leaked an image of what the service looks like so far.
“We use Strike to generate Bitcoin Lightning invoices so you'll need to connect your account to accept Bitcoin tips,” the instructions read.
According to The Block, the new lightning service will be Strike enabled and also support Square’s forthcoming hardware wallet. The company also lists Blue Wallet and Wallet of Satoshi as examples of custodial wallets and Breez, Muun, Phoenix and Zap as examples of non-custodial wallets. Twitter will also use Strike to produce Bitcoin invoices. For now, Twitter users will need a Strike account to receive tips in Bitcoin.
The addition of a Bitcoin tipping option is in keeping with Twitter CEO Jack Dorsey’s promise to investors in July that Bitcoin was important to the company and would be coming to the Tip Jar in the future. Currently, Twitter allows users to add Bandcamp, Cash App, Patreon, PayPal, and Venmo links to their Twitter profiles
Jack Dorsey has doubled down on his interest in all things Bitcoin lately, including increasing Square’s Bitcoin holdings, continued development on Square’s hardware wallet, his TBD venture into peer to peer exchanges, Bitcoin mining, and Bluesky, an open and decentralized standard for social media.
History is made as El Salvador becomes the first country to accept Bitcoin as legal tender.
Sometime in June this year, El Salvador made the headlines for being the first country in human history to consider using Crypto (Bitcoin) as a legal tender. Sept. 7, 2021, will see this history made as the North American Country becomes the first in the world to adopt cryptocurrency as a legal tender.
Today, Sept. 7th. 2021, El Salvador become the first country in the world to make bitcoin legal tender. This is coming 20 years after adopting the US dollar as its national currency.
In a plan spearheaded by president Nayib Bukele, citizens can now shop, pay taxes and buy land using Bitcoin.
President Nayib Bukele hopes to cut the yearly remittance fees Salvadorans pay. Which is 1/4 of the country’s GDP & also promote financial inclusion for those without bank accounts and facilitate access to a potentially high-yielding asset.
El Salvador has just bought its first 200 coins. Our brokers will be buying a lot more as the deadline approaches. President Nayib tweeted on Monday night.
Across the country, Chivo ATMs will allow consumers to buy bitcoin or convert it into cash, with the government absorbing commission costs.
Solana's SOL replaces Dogecoin as 7th largest cryptocurrency.
SOLANA, nicknamed the Ethereum killer, is the latest on the cryptocurrency bandwagon to mark a significant rise within days. The platform deals with blockchain-based smart contracts, for which demand has been on the rise lately.
Ever since Ethereum’s recent update last month, Solana stacked explosive gains and climbed up the crypto market ranks.
Riding on the Ethereum surge, Solana (SOL) has now overtaken Dogecoin to become the seventh-largest cryptocurrency in terms of market valuation. SOL’s recent price rally saw it flip the crypto market’s valuation charts and put itself on to its new position with a market cap of around $46 billion.
Why is the Solana price surging?
It is a fact that all cryptocurrencies have been performing well in the market lately, but Solana has been the best of them.
The “so-called” Ethereum Killer is indeed out-performing its competitors and is probably on the way to live up to its nickname. SOL is currently trading at $158, having rallied from $70 three weeks ago. It is no secret that Solana is currently the fastest cryptocurrency in the market, and its features keep getting improved by the makers.
Solana was founded in 2017 and deals on the Ethereum platform. Like Ethereum, SOL supports smart contracts and is gaining popularity with developers building DeFi apps and creating NFTs (non-fungible tokens).
Among the three, Solana is the fastest by supporting nearly 70,000 transactions per second and that too at a lower price. SOL, on its current trajectory, could even cross $175 in the coming months. Ethereum’s recent surge to cross the $4000 mark, since its big crash early this year, has played a major role in Solana’s rise.
Patricia keeps blazing the trail at Techpoint Africa’s Blockchain Summit #TABS22
A forthnight ago our COO, Mr Chris Izu Okafor bore our Crypto & blockchain education torch to Techpount Africa’s Blockchain Summit #TABS22. In a truly insightful impactful keynote speech delivered on “ Africa’s future in the Web3 era”. Mr Chris touched on the possibilities, opportunities and economic benefits that lie in Web3 for the African creatives, tech enthusiasts and the general public.
Moderating the Panel discussion on building a Career in the Blockchain space, was Patricia Technologies brand manager Rachael Akalia, this panel touched on the necessity of building a skillset when pivoting into the blockchain space, creating a value flow system and equally backing up one’s effort with solid networking. This is made achievable by joining communities.
Vanguard's "Young Entrepreneur of the Year" is HANU FEJIRO AGBODJE.
Over the last ten years, Vanguard newspaper has celebrated outstanding achievers in the brand’s exclusive tradition of excellence with the “Vanguard Personality of the Year Award”.
Last Friday, May 22, 2022 the 10th edition of the award themed “ A decade of Excellence” was held at the prestigious Eko hotel & suites in Victoria Island Lagos. With notable members of the society on hand or duly represented to celebrate with the winners and in the case of the awardees or their representatives to receive their well-deserved recognitions.
It was at this gathering of distinguished excellent men & women, that our CEO & founder was awarded the “ Young Entrepreneur of the Year Award”. The event which carried on well into the evening was graced by several senators, media personalities, governors and the likes. Was dotted with colourful presentations and noteworthy entrances by some of the awardees.
Our CPO Chika Uluocha) and Brand manager (Rachael Akalia) was on hand to receive the award on behalf of the CEO and to also express his gratitude and appreciation to the Vanguard award body for the due diligence and recognition accorded to him.