In a recent announcement, Ti Okechukwu, founder and CEO of Inflowbit, addressed questions regarding the company’s national identity following its relocation from Ukraine to Nigeria. Originally established in Ukraine in 2021 under the name Inflowchange, the company has rebranded as Inflowbit and shifted its operations due to the Russian invasion of Ukraine.
Okechukwu explained the strategic move, stating, “The decision to relocate was driven by the need to ensure continuity and growth amidst geopolitical tensions. Nigeria offers a robust technological ecosystem that aligns with our growth ambitions.” This relocation has sparked inquiries about whether Inflowbit is now considered a Nigerian company.
“Inflowbit is an international company with a strong presence in Nigeria,” Okechukwu clarified. “While we have moved our headquarters here, our mission and operations remain global. We aim to leverage the best resources available worldwide.”
Inflowbit, known for its innovative automatic crypto conversion service, has made significant strides in the cryptocurrency industry by addressing the volatility of crypto assets. “I have been a victim of crypto portfolio depreciation because of the high volatility of cryptocurrency,” Okechukwu shared. To combat this, he developed the auto-convert feature that converts all crypto deposits to the stable USDT, pegged to the US dollar.
“Every time you make a deposit of coins on the app, it will automatically convert it to USDT for you to withdraw to your bank account anytime you want,” Okechukwu elaborated, emphasizing the service’s utility in safeguarding users against crypto volatility. This feature allows users to save on conversion and withdrawal fees, offering a cost-effective solution to managing cryptocurrency assets.
“We want our users to feel secure in their investments, no matter where they are,” Okechukwu added. “That’s why we have ensured that Inflowbit supports the conversion of over 100 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, to USDT without any fees.” He assured users of the platform’s security, highlighting robust authentication measures required for all transactions and settings modifications.
Addressing the company’s unique market position, Okechukwu stated, “We are the only crypto exchange offering this automatic crypto deposit conversion to USDT feature currently in the blockchain industry.” This innovation aims to help users secure their finances and prevent depreciation of their crypto assets.
Looking ahead, Inflowbit plans to introduce new features in November 2024, allowing users to set specific thresholds for conversions. “We are also working on a feature that will notify users of favorable market conditions for conversions, further enhancing their ability to manage their assets effectively,” Okechukwu revealed. The company also boasts a dedicated customer support team, ensuring user satisfaction across various channels.
While Inflowbit faces certain jurisdictional limitations, Okechukwu expressed confidence in its mission and vision as a blockchain company. “The platform ‘Inflowbit’ aligns a hundred percent with our mission and vision,” he affirmed. “We believe in empowering users globally, and Nigeria provides a strategic advantage for us to innovate and expand.”
As Inflowbit continues to grow and innovate from its new base in Nigeria, Okechukwu’s clarification on the company’s national identity marks a pivotal moment in its journey. “Our relocation is not just a geographical shift but a strategic enhancement of our capabilities,” Okechukwu noted. The positive feedback from users underscores the impact of Inflowbit’s services in the cryptocurrency industry, positioning it as a key player in addressing the challenges of crypto volatility.