OPay, a leading financial technology company, has reaffirmed its strict prohibition of cryptocurrency and virtual asset trading on its platform. As a compliant organization committed to upholding legal, constitutional, and regulatory duties, OPay prioritizes the safety, strength, and integrity of the financial system.
The company's CEO, Mr. Gotring Wuritka Dauda, emphasized that OPay does not permit trading in any form of cryptocurrency or virtual currency on its platform. He assured that OPay accounts and wallets will not be used in connection with such activities, and that the company conducts daily scans to detect any unauthorized cryptocurrency or virtual currency trading.
Dauda warned that any account or wallet found in breach of this policy will be closed immediately, with details reported to the relevant regulatory authorities. He urged all customers to ensure their OPay wallets and accounts are not involved in cryptocurrency or virtual currency transactions, stating that non-compliance with this policy will result in account closure.
OPay was established in 2018 with the mission to make financial services more inclusive through technology. The company offers a wide range of payment services, including money transfer, bill payment, airtime and data purchase, card service, and merchant payments, among others. OPay is licensed by the Central Bank of Nigeria (CBN) and insured by the Nigerian Deposit Insurance Corporation (NDIC) with the same insurance coverage as traditional banks.
