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Some of the Easiest Ways to Exchange Cryptos for Fiat



The push for cryptocurrency adoption is gaining strength and apart from being able to easily transact and exchange cryptocurrencies, there is the need to be able to easily change back to fiat. Exchange platforms have been doing well so far, but more work needs to be done in the aspect of further enhancing the ease of conversion to fiat/local currency.

In the world of cryptocurrency trading, exchanging cryptocurrencies have never been an issue there are dedicated exchanges for converting one cryptocurrency to another. And this ecosystem has grown so much to the point that there are divisions, with new exchanges rolling in daily. Hence converting one cryptocurrency to another is no problem for traders, most of which have acclimatized themselves with specialized exchanges by understanding the ecosystem.

A push for mass adoption

However, we live in a world that still transacts with local currencies, and in as much as we are still vying for global adoption of cryptocurrencies, in order to be able to use cryptos in any and every kind of financial transaction, it is good to note that we are still in the nascent stage, and as such globally, we have not yet met the adoption index hence fiats are still majorly utilized for transactions all over the world, pending the time cryptocurrency adoption receives global recognition.

Therefore, there is still a need to create an ecosystem where individuals can easily convert funds from crypto to fiat and vice versa, these systems would ensure that there is the availability of money to trade in the cryptocurrency markets and also to participate in the normal day-to-day transactions done with fiat. Therefore, we will discuss the easiest ways to exchange cryptocurrencies to fiat and vice verse.

Some sites to consider

These exchanges listed below are well-established and at the moment of writing, they are all good exchanges and have proven track records.


This was created as a European Competitor to the then Legendary Cryptocurrency exchange Mt. Gox, and is one of the easiest cryptocurrency exchanges that allow funding with Fiats as well as fiats withdrawals, asides from being a cryptocurrency exchange for crypto-crypto pairs, it also allows for crypto-fiat pairs and conversions.


Is one of the most popular fiats to crypto exchange with the feature of exchanging cryptos to fiats of over 32 countries. Coinbase is a full-blown fin-tech company based in California with online branches all over the world. Coinbase is one of the most secure places to convert cryptos to fiats and vice versa. It is safe to note that Coinbase also has a functional cryptocurrency wallet for storage and coin tracking.


They are the foremost London based cryptocurrency exchange, allowing individuals to exchange local currencies for cryptocurrencies. Luno is available in several countries of the world and in most countries, operate in a peer-to-peer manner.


Renowned as the first ethereum exchange in the world, it is a fin-tech company founded in 2014, that allows users to buy and sell cryptocurrencies, and exchange cryptos for fiats and from fiats to cryptos.

Gemini Trust LLC is a fully operational cryptocurrency exchange with international ties and a proven track record over the years. Gemini exchange platform has an amazing UI that makes buying and selling of cryptocurrencies, as well as conversions from cryptos to fiats fast and easy.


Remitano is another cryptocurrency to fiat exchange, but it is majorly for Nigerians and Africans, Remitano was created as a peer-to-peer exchange allowing for fast transactions between users and adding a feature of trust by being escrow based.

A call to action

There are many ways to convert crypto to fiat. Having seen all the several means to exchange cryptocurrencies; it is however of utmost importance for users carry out there own due diligence on any platform they intend to entrust their funds with. It is best to also not store funds in exchange platforms but go keep them in private and secured wallets

And picking the ones that meet your needs.

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The Bank of Canada Plans To Launch Its Own Digital Currency



Since the future of money has come, the Bank of Canada considers launching a proprietary digital currency. This is contained in the presentation entitled “Central Bank Money: The Next Generation,” which was prepared by Stephen Murchison, an adviser to Governor Poloz, who shoulders the task of leading Canada’s digital currency research. The idea of developing their digital coin is to fight the threat associated with cryptocurrency and also to garner information on how Canadians spend their money.


According to the report, Canada is ready to take the lead in launching their cryptocurrency to modernize financial services. In this regard, the bank has released a white paper on the merits of creating a digital currency. The presentation, which was prepared for Governor Stephen Poloz and the board of directors of the bank, offered all the possible details about how the bank plans on developing the digital currency. It outlined over a dozen benefits the bank will get from launching its digital currency, which would be available, coexisting alongside coins and paper money before eventually replacing them.


Following the contents of the presentation notes the report, Canada needs to innovate to stay in the game, and thus, a digital currency would provide the benefits of a bank-owned asset as well as all the convenience and security of wireless electronic payments.


However, the presentation notes that digital currency presents a risk to stable, low-cost funding for banks.

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Another firm, has abandoned the Libra Project


on join the list of firms that has pulled out of the Libra Association.

The departure of the leading online travel firm from the Libra Association reduces the membership to just 21 members.

Facebook’s foray into the cryptocurrency industry has been experiencing difficulties as governments warn of the consequences of the global financial system it intends to create via Libra.

Few months ago, confirmed to be a founding member of the Libra Association alongside others like PayPal, MasterCard that have already pulled out from the Association.

Booking Holdings CEO Glenn Fogel when he newly became the Chief Executive Officer of the firm behind several travel focus businesses such as,, kayak etc was expressed his opinion on the future of cryptocurrency.

According to him, he said, he believes currencies with blockchain base will continue to surface and may gain acceptance globally.

Earlier few days ago, MasterCard and Visa revealed they would be departing the Facebook’s project. Regulatory pressure most especially from the US has been on the increase recently and this could be attributed to the growing list of firms abandoning the Libra Project.

Senator Sherrod Brown has said Big Tech shouldn’t be given power over public infrastructure like the financial system.

US Treasury Secretary, believes Libra could be used to finance terrorism.

The co-founder of Libra, David Marcus has already come forth to testify of the intention of Libra to create a global financial system while complying with regulatory requirements.

Co-founder of Libra, David Marcus said spoken on the fate of Libra as firms exit the Association. According to him, “I would caution against reading the fate of Libra into this update.”

He went further saying, “Change of this magnitude is hard. You know you’re onto something when this much pressure builds up.”

CEO of Facebook, Mark Zuckerberg has been slated to testify before House of Representatives Financial Services Committee on the 23rd of October

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An open-source map to the Pan-African Blockchain Ecosystem



Africa blockchain cryptocurrency industry stakeholders have created a map of organizations in the entire African continent.

The map which was made open source currently has data of more than 100 Africa firms building on the blockchain or having businesses that interacts with the industry.

The African continent has been seeing growth in the industry steadily. Based on a data from a report made by Emerge, the numbers of African blockchain focused firms were less two-scores.

However, currently according to data already collected all over the continent which can be seen on the Open Source Map, there has been a tremendous growth in the numbers of firms building blockchain solutions in the continent. The rate of growth yearly since 2017 is over 120%.

The compilation of such data required hundreds of man hours however, representatives from various firms in the industry congregated to collate and arrange the data. The representatives were from CryotoTVPlus, Africa Blockchain Alliance, African Digital Asset Framework, Binance Labs, BitcoinKE, EOS Nairobi, Raise and Microtraction.

From payment gamification, consultancy, media healthcare etc, there are several projects or firms solving problems with the technology.

CEO of CryptoTVPlus, Tony Emeka speaking on the initiative said:

“As one of the largest media firms focused on the industry, we understand the impact visibility plays in the success of a firm”.

He went further saying;

“This map now ensures players in the industry get the right exposure they deserve as they continue doing what they do best, innovating.”

Anyone Can Update the Map

The incredible pace the blockchain technology is growing is unprecedented. As dynamic as it is, daily new challenges facing our social, political and economic environment are showing forth and the blockchain could help provide answers to some of these questions.

The emergence of a problem creates room for a solution, the joy of an entrepreneur, solving problems. These ultimately could create new firms all over the continent.

As an open source map, anyone can update the map with newer data of existing or new blockchain firms in their country or the African continent at large.

Adding Data

The Open Source Map can be found here, the data are found in a Google Sheet, contributors are admonished to keep the sheet clean.

Moving Forward

The world is moving fast, Africans cannot be left behind. In the world of global competition, developing local solutions that are carefully tailored to local needs are crucial to our survival, growth and development as a continent.

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FEATURED Launches the First Ever Cryptocurrency trading competition module in Nigeria



Naijacrypto a cryptocurrency exchange launches its first ever crypto trading competition module for both beginner and expert traders

Naijacrypto, in its vision to create outstanding solutions for cryptocurrency traders, is excited to announce the launch of its trading competition module in Nigeria.

Naijacrypto is a highly secure peer-to-peer cryptocurrency exchange. It owns both web and app-based platforms that enables users to conduct trades of some major cryptocurrencies in the market.

This module allows both experienced, upcoming and beginner traders to trade various cryptocurrencies using virtual money and win prizes for good performances.

In this competition:

  • A trader can trade up to 30 cryptocurrencies including Bitcoin, Ethereum and Monero.
  • Trading is with Demo money but the prizes are real!
  • There is a live feed given for every crypto currency the trader wishes to trade
  • Traders can view a leaderboard and see where they stand in the competition
  • Traders can test their trading skills without pressure of using real money.
  • Any trader can pick a competition that suits them.
  • Competitions run daily, weekly or on a monthly basis.
    Chat box available so competitors can chat and learn among themselves

All rewards are paid into your Naijacrypto account. Account holders will be able to claim their prizes directly to their wallet once competition is over.

Naijacrypto believes that this competition module is an opportunity for those trying to learn cryptocurrency trading to involve themselves in trade scenarios without the pressure of using real money. The interaction between beginner traders and pros can make the action of pros rub off on the beginners.

The trading competition module is now live on the naijacrypto website. The first competition is free to enter with the winner being rewarded with

100,000 naira for first place,

60,000 naira for second place and

40,000 naira for third place.

We are always open to partner with individuals and organizations who wish to organize or sponsor their own competitions on the platform.

To participate in the first free competitions or any subsequent competitions, simply create an account on or download the naijacrypto app on the google play store. Please note that there would be deferring competitions on the module with deferring roles.

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