#BlackGirlMagic Kunmi Otitoju’s Minku is the first Nigerian startup to accept Bitcoin as payment

Minku is a Nigerian Fashion Design Company based in Lagos and Barcelona, and specializes in handmade, Yoruba-themed leather bags for men and women which are mainly sold online and at high-end stores in Nigeria and on the website, minku.com

minku

With the current craze about cryptocurrency (bitcoin and the likes), Minku has started accepting bitcoin as payment for items on their site. this is more like taking the term “being innovative” to a whole new level.

However, the founder and CEO of the company Kunmi Otitoju, has made it clear why the company has decided to take advantage of the cryptocurrency revolution currently going on around the world. stating that in the e-commerce sector in Nigeria, opportunities outweigh the challenges.

Kunmi Otitoju

E-commerce companies seem to be more concerned with distributing goods, than manufacturing them.  the concept of a digital cryptocurrency, accepted globally in exchange for a widening range of goods and services is exciting and including Nigeria and Sub-saharan Africa in an interesting global conversation at an atypically early stage, when those in the US, the UK, China, are still trying to figure it out as well.

 

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