Press Release
How Cryptocurrencies make it easier to Send Money
Quidax, an African Crypto Exchange,has
listed Dash for Faster and cheaper
payments
Quidax, an African Crypto Exchange,has
listed Dash for Faster and cheaper
payments
Published
2 months agoon
Lagos — December 03, 2020 — One of Africa’s largest cryptocurrency exchanges, Quidax has added the Dash cryptocurrency to the list of digital currencies you can buy/sell with Naira.
Dash is a cryptocurrency that can be used to send money from one place to another just like Bitcoin. However, Dash transactions are faster (2 seconds) with optional privacy.
According to Uzo Awili, Chief Technology Officer (CTO) at Quidax, “in the last few months, we have seen an increasing number of businesses and individuals use cryptocurrencies to send and receive money from around the world faster and cheaper than ever before. A number of these businesses and individuals used cryptocurrency for the first time this year and continued using it after that.”
“Naturally, adding another cryptocurrency that helps our customers perform their transactions faster and with almost zero transaction fees was a no brainer” Uzo stated.
According to a 2020 research by Chainalysis, Nigeria ranked eight out of 154 countries for crypto adoption and usage.
Speaking on this Nathaniel Luz, the Lead of Dash Nigeria mentioned “that in the face of Foreign Exchange (FX) shortage more and more people are turning to cryptocurrencies like Dash as a way to pay their suppliers and partners in other countries, as well as receive remittance. So it’s no surprise that Nigeria ranks 8th in the world.”
Nigeria is currently experiencing an FX shortage. If it continues, it will become harder for businesses who rely on FX for raw material importation to keep their doors open for business. For these businesses, cryptocurrencies like Dash are becoming an option they are starting to explore.
Dash which was designed to offer financial freedom to everyone enables millions of people across the globe to carry out instant and secure transactions with near-zero fees. With Dash now on Quidax, anyone in Nigeria can buy Dash using their Debit card or via Bank transfer and send it to anyone in any part of the world. Quidax also integrated Dash’s InstantSend feature which makes it possible for transactions to be received in a second, an obvious edge over other cryptocurrencies.
Quidax which was one of 10 startups that participated in the Techstars Toronto program this year makes it possible for people to sell their Dash and get instant Naira credit in their Bank account.
The Dash Network’s development is supported by Dash Core Group, the largest organization funded by the Dash Treasury, which supports and nurtures the continued worldwide development and integration of Dash.
For more information, visit
https://www.dash.org/ or follow the organization on Twitter @DashPay.
Dash is Not a Privacy Coin, Dash Core Group CEO, Ryan Taylor Says.
Naijacrypto’s CEO Compares the price of AirPod & Dash
Popular Vote election is not the best way to elect SiBAN Leaders – Nathaniel Luz
Naijapay Launches Enabling Bitcoin and Dash Payments
Explaining DASH Coins to Investors Big On Privacy
The Crypto Bull Run: Hurting Adoption in the Short Term but Helping to Keep Innovation Momentum Alive
Pingback: How Cryptocurrencies make it easier to Send Money by Marvelous Akpere – Cryptotvplus Events