In today’s world, the speed and cost of sending money across border as well as the stability of local currency are considered the most critical factors in the entire process of international payment.
Individuals are ditching the conventional methods of international money transfer due to time delays, high processing fees and transaction limits. In Nigeria, many people are switching to cryptos for international remittances as the naira continues to weaken against the US dollar.
Many youngsters have come forward lately to work towards the same and have even built companies surrounding the same. One such incredible young business personality in the world of blockchain and technology is Danny Oyekan, a Nigerian entrepreneur making headlines with his firm Dan Holdings.
Dan Holdings from Oyekan is all about technology. It is an investment firm that takes cares of various verticals like tokens, ventures, projects, that are related to blockchain technology, digital assets and digital currency. Oyekan has had a clear aim behind initiating this modern technology firm and that is to be behind the widespread fintech and blockchain adoption and innovation all across Africa. Dan Holdings today stands strong doing pioneering work as a Dubai based firm in the field of fintech, blockchain, artificial intelligence and emerging technologies.
Since the beginning, Oyekan had a keen interest in the technological world and today has many years of rich experience in the field of IT infrastructure. In 2016, he began with other technology startups like fuel delivery and food delivery. With his innovations and expanding his knowledge in the field, he developed Dan Holdings in 2016 and fully developed Dan ventures in 2018.
“There’s an opportunity for an alternative source of financial services. Cryptocurrencies not only address this need, but they do so with less friction for users. Demographics in Africa are also beneficial. The Population is young and mobile native. Though smartphone penetration is still lagging below the global average, the GSM Association which represents the interests of mobile operators globally, expects that gap to narrow by 2025, Oyekan said in a recent interview.
“We believe fintech is the future, and the future of money is global”, said Danny Oyekan, Chairman at Dan Holdings and Executive Chairman of Telechat maintains in another interview. “Cross border remittance services like Moneygram and Western Union are still popular in developing parts of the world such as India and Africa, however, these services charge fees between 10% and 15%. For some people, these fees take a significant part of their salary. Telechat aims to remove that financial burden by bringing global adoption of DeFi technology.”
Danny Oyekan strongly believes Blockchain will disrupt the classical economic system.
“A true revolution,” he stated. “ Our mission is to be a powerhouse for widespread fintech & blockchain adoption and innovation across Africa. Dan Holdings is creating the right environment for crypto mass adoption. We have seen significant developments when it comes to expanding crypto infrastructure across Africa.
Danny Oyekan, was born 30 August 1994. He is an early Bitcoin investor and serial entrepreneur. He is the Founder of Dan Holdings and Dan Ventures. Dan Ventures deals in early stage startup funding, whereas Dan Holdings is a Blockchain, and emerging technologies company.
He was amongst the first wave of Bitcoin investors and is considered a pioneer in establishing the use of virtual currency in the African markets.
Oyekan was born in Ikoyi, Lagos, Nigeria. He completed his high school education at Chrisland College. He moved to Dubai, UAE in 2015 to pursue his bachelor’s degree. He attended the University of Wollongong in Dubai (UOWD), where he majored in International Business (BBA).
His entrepreneurial sojourn began in 2012 when he started investing in Bitcoin. After making a series of investments in Bitcoin, Oyekan, 2017/ sold some of his Bitcoin collection to fund his first business idea – Dan Ventures, a Venture investment firm that focuses on ventures, tokens, and projects related to blockchain tech, digital currency, and digital assets and other emerging technologies.
He later founded Dan Holdings, a Blockchain technology Ecosystems. The aim behind the foundation of this blockchain ecosystem was to revolutionize the technology sector in the Middle East and Africa by supporting the creation of the latest technological inventions, thus building a solid financial foundation for the African and Middle Eastern people.