Founder Moves digital currency Startup Inflowbit to Nigeria Amid Russian Invasion

Ti Okechukwu, the founder and CEO of Inflowbit, has announced the relocation of his company from Ukraine to Nigeria following the Russian invasion. Originally established in Ukraine in 2021 under the name inflowchange, Inflowbit has rebranded and moved its operations to ensure continuity and growth.

Okechukwu shared the motivation behind the development of Inflowbit’s automatic crypto conversion service. “I have been a victim of crypto portfolio depreciation because of the high volatility of cryptocurrency,” he explained. “I decided to build the auto convert feature on Inflowbit to automatically convert all crypto deposits to USDT stable cryptocurrency that is equivalent to the US dollar in value.”

The system, as he describes, offers a safeguard against the erratic nature of cryptocurrencies. “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,” he said.

Detailing how the service functions, Okechukwu stated, “When you deposit Bitcoin or any unstable crypto to Inflowbit, the system automatically converts the deposit to USDT as soon as it is detected.”

Users of Inflowbit can enjoy several advantages from this service. “You will be able to beat crypto volatility, go from crypto to cash instantly, and save on conversion and withdrawal fees,” Okechukwu highlighted.

By converting cryptocurrencies to USDT, the service helps mitigate the risks associated with the volatility of cryptocurrencies. “USDT stable coin is equivalent to the US dollar and never depreciates like Bitcoin and other cryptocurrencies do,” Okechukwu explained.

Inflowbit supports the conversion of a vast array of cryptocurrencies. “All cryptocurrencies that are not stable such as Bitcoin, Ethereum, Litecoin, and 100+ other unstable cryptocurrencies can be converted to USDT,” Okechukwu confirmed.

Highlighting the cost-effectiveness of the service, Okechukwu announced, “There are no fees, zero fees, free conversion.”

Okechukwu emphasized the platform’s robust security measures. “Our platform is built with a robust security system. All transactions and operations are done only when a user is logged in via authentication, and before any settings can be modified, an authentication is required.”

Inflowbit stands out in the market with its unique offering. “We are the only crypto exchange offering this automatic crypto deposit conversion to USDT feature currently in the blockchain industry,” Okechukwu stated.

The automatic conversion feature positively impacts the liquidity and accessibility of cryptocurrencies for users. “The most important goal is to help users secure their finances, preventing them from depreciating,” Okechukwu said. However, he noted, “Users can opt out of the automatic crypto conversion by modifying it in the settings.”

Looking ahead, the brand plans to introduce additional features. “Users will be able to set specific thresholds or triggers for when conversions to USDT should occur,” Okechukwu revealed, with the feature becoming available in November 2024.
“We have a dedicated customer support team across our support channels, including in-app chat and support tickets,” Okechukwu mentioned.

Addressing potential limitations, Okechukwu noted, “For certain jurisdictions, yes, there are limitations, but for some jurisdictions, there is no limit.” He also shared his vision for the service, describing it as “The game changer” for addressing concerns about crypto volatility highlighted by governments.

Inflowbit has received positive feedback from users. “There are tons of reviews available on app stores regarding the auto convert,” Okechukwu shared. Aligning with the company’s mission, he affirmed, “The platform ‘Inflowbit’ does align a hundred percent with our mission and vision because we are a blockchain company.”

Inflowbit continues to innovate and provide solutions to the challenges faced by cryptocurrency users, marking a significant step forward in the industry.