Financial technology giant OPay has reiterated its firm prohibition of cryptocurrency and virtual asset trading on its platform.
As a compliant organisation dedicated to upholding legal, constitutional, and regulatory duties, OPay prioritises the safety, strength, and integrity of the financial system.
In a statement to The Nation, Mr. Gotring Wuritka Dauda, Chief Executive Officer of OPay Nigeria, emphasised that the company does not permit any form of cryptocurrency or virtual currency trading. Dauda assured that OPay accounts and wallets would not be used for such activities.
To ensure compliance, OPay conducts daily scans of its platform to detect unauthorised cryptocurrency or virtual currency trading. Any account found to be in violation of this policy will be closed immediately, with details reported to relevant regulatory authorities.
“For absolute clarity, OPay has never condoned, nor will it permit, the trading of cryptocurrency or virtual assets on its platform,” Dauda stated.
He urged all customers to ensure their OPay wallets and accounts are not involved in cryptocurrency or virtual currency transactions, warning that non-compliance will result in account closure.
Dauda expressed gratitude to OPay customers for their continued trust and support, as the company works to maintain a secure and compliant financial environment.
Established in 2018, OPay is a leading financial institution in Nigeria, with a mission to make financial services more inclusive through technology.
The company offers a wide range of payment services, including money transfers, bill payments, airtime and data purchases, card services, and merchant payments. Renowned for its super-fast experience and reliable network, OPay is licenced by the Central Bank of Nigeria (CBN) and insured by the Nigerian Deposit Insurance Corporation (NDIC), providing the same insurance coverage as traditional banks.
