11-14-2019 icon

MTN Denies Launching a Digital Currency – MTN Coin

By Sagetwriter

In response to news making rounds on its rumoured ‘MTN Coin’, the MTN Group has dissociated itself from the digital currency project.

The telecom giant acknowledges the digital currency product is a mere proposal by Eureka Africa noting that the initiative was not adopted, and is therefore not involved with the company or any of its related offerings.

 An official press statement by MTN reads:

MTN Group is aware of a proposal that has been circulating on the internet, regarding a digital currency product called ‘MTN Coin’. The unsolicited proposal submitted to MTN by an entity called Eureka Africa was not adopted, and we therefore wish to distance ourselves from the document, as well as the services and offerings it mentions, as these are not provided by MTN.

– MTN Group on Proposed ‘MTN Coin’

“We continually engage and collaborate with various vendors, and if necessary, use official MTN channels to communicate such partnerships. We request that publishers refrain from sharing this document or its contents on any public platforms,” the publication adds.

You heard that right?

Bitcoin.NG says Always Do Your Own Research and Shun unverified coin offerings.

NOTE: The MTN Coin differs from the MedicalChain token (MTN) as seen on CoinMarketCap.