Fintech Startup to Enhance Global Payments with Innovative Platform

Due Network, a dynamic fintech startup, has revealed its upcoming launch of a global payment platform aimed at transforming international transactions within Nigeria. This platform promises to facilitate borderless multi-currency accounts, streamlining global money transfers for both individuals and businesses, as highlighted by the firm.

The company proudly announced its successful provision of uninterrupted global liquidity to more than 50 markets. Explaining the platform’s functionality, Due Network emphasized its capability to enable Nigerian companies to utilize NIP-based naira transactions for paying European vendors, who can then receive payments in euros.

Speaking during a virtual press conference, Robert Sargsian, the CEO, and co-founder of Due Network, expressed the vision behind the initiative. He remarked that the current global payments system is plagued with inefficiencies. Whether it’s receiving international funds or making cross-border transactions, the process is costly, slow, and difficult to access. He says they aim to challenge and transform this landscape.

Due Network underlined its reliance on open and interoperable decentralized ledger protocols, empowering Nigerian clients to manage digital US dollars and euros within their accounts using naira. These funds can be utilized for seamless transactions across Sub-Saharan Africa, the UK, EEA, and the US.

Highlighting the platform’s security, the London-based firm emphasized that all Due accounts operate on a fully noncustodial basis, ensuring clients retain absolute control and custody over their funds. This approach guarantees direct and unimpeded access without any intermediaries, even excluding Due Network itself, from accessing client funds.

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NCS mourns with the Family of Professor Gabriel Micheal Miller Obi

Wed Nov 22 , 2023

The Nigeria Computer Society (NCS) expresses heartfelt condolences to the family of the late Professor Gabriel Micheal Miller Obi, a distinguished Fellow of the NCS. Dr. Muhammad Sirajo Aliyu, the President of NCS, conveyed these condolences personally in a letter to the bereaved family. In the letter, Dr. Aliyu […]