Promoters of BBNcoins in the country have said the cryptocurrency would focus on e-commerce and real estate.
In a statement released to The Guardian, the group noted that BBNcoins would create an end-to-end platform for real estate developers and customers and urged Nigerians to embrace it, especially as talks are on for it to be accepted as a means of mobile payment.
In the statement, BBNcoins team stated that the Initial Coin Offering (ICO), that is the public sale of the coins, which began on November 2017 would end on January 30, 2018.
The statement reads: “BBNcoins is a new ecosystem where traders, real estate developers and merchants can efficiently and securely evaluate and trade on real items. BBNcoins project will build a platform to seamlessly and transparently connect cryptocurrency with real-world assets.
“With a cryptocurrencies like BBNcoin, there is going to be an increase in market reach because there’s universal recognition at a given value. And this saves time when it comes to sorting price for transactions and other fees that come from exchanging one currency to another,” it noted.