The statement read in part, “MoPAS MarketPlace is an initiative and product of Sembic International Limited. This is the first time in Nigeria that an indigenous company has been able to create a solution for the acceptance of the currency of the not-too-long future, thereby positioning Nigeria for the financial revolution, redefinition and disruption that is about to happen through the blockchain technology.”
Commenting on the development, the Chairman, Sembic, Mr. Victor Akinbile, said,
“We came up with this product in order to boost digital currencies revolution. This was why we went ahead to strike a deal with major e-commerce organisations in Nigeria through the product called MoPAS MarketPlace.
“This is meant to ensure that the TBC holders can, through the MoPAS MarketPlace, shop on e-commerce platforms (including Jumia and Konga) using naira and TBC. The TBC is now redeemable on Jumia and Komga through MoPAS MarketPlace!”
He said, “As Nigerians continue on their search for a place to spend their TBC, it becomes increasingly frustrating as they cannot find any such place. This frustration has led to desperation on the part of the TBC holders and some criminally-minded individuals have cashed in on this to defraud them.”