ModulTrade in Africa, day 2Greetings from the MT team all the way from Africa!
It is our second day here in the beautiful country of Côte dIvoire, West Africa. The day indeed proved itself to be full of opportunities every meeting shows the huge potential of ModulTrade products in all industries. After having met with different industries representatives yesterday, we further met with four more organizations today to share our ModulTrades solutions.
The first meeting was held with Mr Guy Mbengue, CEO of Association for Promotion of Export, and his team. The export of agricultural and mineral products enabled the country to maintain a positive trade balance over a period of 15 years. It has thus become crucial for the countrys trade industry to have an efficient and modern payment system. With its blockchain-based payments system, MT hopes to provide just that. We presented our products to them and discussed possible use cases.
The next meeting was held with Mr. Hermann TRAORE, COO of West Africas Regional Stock Exchange BRVM. With their central site located in the countrys urban center Abidjan, this stock exchange is common to all 8 of the West African countries. It is the worlds only exchange to connect a large number of countries over an entirely electronic and integrated sharing system. We talked about further improving BRVMs network with MTs idea of smart-contracts, MTRc and other unique blockchain solutions.
Modultrade is expected to participate in the digital transformation of BRVM and bring value for members for money transfers with MT Wallet.
Theres a big opportunity for MT Wallet in Africa, where there are more than 0.3 bn generated from mobile payments, resulting in more than 60 bn of cross-border payments in UEMOA made through mobile applications. MT-Wallet has a real chance of penetrating this market and becoming a trusted payment service.
The third meeting of the day was with the CEO of Association of Banking Professionals and Financial Institutions (APBEF-CI) Mr. Serge KOUAMELAN and their legal and operations teams. The organization works to bring together a large network of banks and financial institutions in Côte dIvoire. It aims to promote the development of banking related activities in the region via profitable relations between its members. The meeting focused on enhancing the associations operations by making use of our platforms modern payments method that uses blockchain tokens MTRc. Moreover, our blockchain-based system offers faster and cheaper solutions to their network for banking services like transactions and funds transfers.
Our fourth meeting was with Mr. Aka Mathias NGOAN, CEO of National Organization for Agriculture Producers in Côte dIvoire (ANOPACI). The organization brings together various Ivorian agricultural sectors and has currently 30 member associations. Our meeting was focused on improving the organizations operations by integrating our proposed MT technologies. Their main aims include defending the rights of producers and improving living conditions of farmers. We hope to speed up the companys progress and help them effectively reach their goals.
Looking forward to our third productive day here!
Stay with us to get more updates about the upcoming meetings and their results!
MT team