Azerbaijan Rolls Out Its First National Cryptocurrency
Date
1/15/2025 3:08:26 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 15. The PortCoin
cryptocurrency has been launched in Azerbaijan, Founder of Mobile
Payment Solutions OOO Telman Akhundov said during the presentation
of the first national Cryptocurrency in the country, Trend reports.
“Mobile Payment Solutions, the owner of the Portmanat brand, has
introduced its own cryptocurrency called PortCoin. Portmanat users
can now buy and sell cryptocurrency through the online e-wallet
platform. In addition, the platform allows easy conversion of funds
from foreign crypto wallets to Azerbaijani manats. PortCoin
cryptocurrency (PTC) was created as part of the introduction of
modern financial technologies based on digital assets and
blockchain technology. It complies with the BEP-20 standard and
operates on the Binance Smart Chain platform,” he said.
He claims that the PortCoin cryptocurrency has been put through
its paces since November 2024, operating under a special regulatory
regime (sandbox) with the watchful eye of the Central Bank of
Azerbaijan.
To note, Mobile Payment Solutions LLC has been granted license
No. EPT-005 by the Central Bank of Azerbaijan as of July 8,
2024.
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