Yellow Card expands to South Africa and Botswana
As African cryptocurrency usage skyrockets, Yellow Card is meeting demand by allowing users to buy and sell Bitcoin in South Africa and Botswana
Yellow Card is officially going live with support for Botswana pula (BWP) and South African rand (ZAR) in order to meet the demand of the ever-expanding cryptocurrency markets across Africa.
Already popular in Nigeria, we’re now adding new currency support and expanding rapidly outside of West Africa, excited to bring the world of cryptocurrency to both the unbanked and the overcharged. As of Friday, we will be launching the following new features and initiatives:
- The ability to buy and sell Bitcoin with multiple currencies including Botswana’s BWP and South Africa’s ZAR
- Expansion to new locations outside of Nigeria, including Botswana where we will be the first and only exchange, and a continued drive to make buying and selling of Bitcoin using cash and bank transfer easy and affordable for all.
About Yellow Card: Yellow was founded by Chris Maurice and Justin Poiroux in 2016 with the intent to create a Bitcoin gift card. Then, in 2018, Chris and Justin met a man at a Wells Fargo who was trying to send $200 dollars to his family in Nigeria.
The bank charged him an unjust fee of 90$. We decided to undertake the mission of bringing Bitcoin to Africa with the objective of “financial inclusion for all”, and since then with the help of our partner Munachi Ogueke we’ve taken Nigeria by storm with 20,000+ merchants and over $25 million dollars in transactions.
Yellow Card will soon become synonymous with cryptocurrency in Africa, as we provide access to people who have previously been left out of the crypto revolution.
Roqqu Achieves 10k Users Milestone
We at Roqqu, (a Nigerian-based cryptocurrency wallet providing its users with the fastest route between fiat and crypto) are pleased to announce that we have just reached a new milestone of Ten Thousand Users in our quest to bring a massive adoption of cryptocurrency in Nigeria and Africa at large.
About a month ago when we sent out our last Press Release we made our mission clear among other facts. In the article we also pointed out that we are currently experiencing an exponential growth in the last quarter since our launch.
It is a clear fact that cryptocurrencies and blockchain technology are still in their infancy in countries like Nigeria and other 3rd world countries. This being the fact; we, announcing a milestone of Ten Thousand Users (10,000) in the first eleven months of our launch is indeed a remarkable feat of which over 50% of such growth took place in the last two months. We must also stress that this feat was reached with zero marketing budget.
In spite of the spike in the request for our services by thousands of users, we will not fail to stress that we, as a team are still committed to our vision of bringing cryptocurrency adoption to the masses in Nigeria at the speed of light and best rates obtainable.
Above all these, we are committed to bringing our users more satisfaction by introducing new features as requested by customers through our consensus system. As of the date of this publication, we have successfully listed about twice the number of tokens we had when we launched last July.
We acknowledge the fact that it is because of our steady commitment to services and transparency in delivering the core values of blockchain technology that our customers choose us over our counterparts in the industry and we plan on keeping up with the quality of our services even with our growth now and in the future.
Roqqu is pleased to announce this growth and we urge all of our customers to stay with us as we promise to bring more ground-breaking news to their doorsteps in the coming months. It has been a great and exciting journey so far and we are more than confident to assert that we are ready to scale.
Roqqu is the easiest way to buy, sell and accept cryptocurrencies.
Our vision is to help Africans benefit from the innovation that Blockchain technology provides.
Our mission is to provide the easiest onboarding process into Blockchain for all Africans.
KoinKoin Announces full Launch of Digital Assets Exchange Services in Nigeria
London-based KoinKoin announced late on Thursday 4th of June 2020 that their cryptocurrency exchange is now fully functional and ready for trading after almost a year of beta testing and UAT.
KoinKoin’s digital asset exchange services are immediately available and users can readily make deposits and withdrawals with their Naira based credit and debit cards in purchase of BitCoin, Ethereum and LiteCoin. KoinKoin’s digital asset exchange offers peer to peer exchange services as well as a direct fiat to cryptocurrency exchange.
In addition to their cryptocurrency exchange services, KoinKoin has also delivered the first marketplace application underpinned by Ethereum. KoinKoin Social Commerce is available in both android and iOS versions and allows retailers and wholesalers to sell their products directly to their personal and social media networks.
All transactions are completed in Ethereum allowing both buyer and seller from various regions across Africa to trade without the hindrance of foreign exchange whilst simultaneously offering privacy and confidentiality for all completed sales.
Founder and CEO of KoinKoin, Ola Atose is excited about the official launch, stating his deep gratitude to the KoinKoin team for all their hard work over the past months. Ola Atose and team are already looking ahead to delivering digital exchange services across Ghana, South Africa, Kenya, Tanzania and Uganda later on this year.
BlueKey Utility Token (BKY) Gets Listed on CoinmarketCap
Novel blockchain platform, BlueKey has announced the listing of its native token (BKY) on CoinmarketCap. This represents another important step for the platform which provides visible utility and real-time use-case for the blockchain ecosystem.
Apart from being listed on CoinmarketCap, the BKY token is now also automatically visible on the TRUST WALLET. BKY users no longer need to go through intermediary tokens to extract value from their digital assets.
🆕 See which projects have been listed on CMC.— CoinMarketCap (@CoinMarketCap) May 22, 2020
ZCore Token (ZCRT)
Simple Software Solutions (SSS)
👉 Check them out here: https://t.co/GEQoaVouB1
Using BKY to Disrupt Finance
Over the years blockchain technology has stirred up a lot of expectations as a solution that will improve most of our traditional processes. One area where blockchain disruption has made the most noise so far is in financial solutions. By enabling peer-to-peer (P2P) transactions, blockchain is eliminating a lot of bottlenecks that have limited the fintech industry.
With the evolution of e-commerce and payment solutions, effective P2P systems are becoming more popular. Despite this growth in the industry, real use case implementations are yet insufficient to the prevailing industrial needs. Therefore, the creation by BlueKey represents a major contribution to the financial solution and e-commerce sectors.
With primary focus on the African region, where there is a dire need for financial inclusiveness, BlueKey is solving a continental problem that could spread even beyond Africa. According to the founder of GalaxyChain Technologies, owners of BlueKey, Suanu Neenwi, the company aims at becoming a leader in Africa in the provision of key financial solutions using crypto.
Our vision is to become Africa’s leading crypto-financial hub, with a mission to provide instant credit facilities to the user community backed by our native token(BKY) as collateral asset.
Bringing Life to Small Businesses
Credit accessibility is indeed a difficult terrain for the common man in Africa. This is one of the achilles heels that keeps holding back the continent from active development. The difficulty in accessing credit facilities has led to an almost non-existent small and medium scale industries. In the absence of capital, or inability to access credit facilities, small businesses have found it difficult to survive.
GalaxyChain, with its products have come to change this narrative and open up the industry for small businesses especially to thrive. Entrepreneurs and small business owners can now easily access credit facilities, using their BKY tokens as collateral. This eliminates the usually cumbersome processes of tedious paperwork and unachievable conditions in most cases from traditional banks.
Also within the ecosystem, on the BlueKey e-commerce platform, BKY provides a flexible and unified payment system for customers. This is a marketplace where you can perform all your transactions using the singular token, thereby saving yourself from the previously complicated processes associated with traditional e-commerce platforms. Users of BKY will no longer encounter cross-border payment complications such as exaggerated fees, delayed transactions, regional payment restrictions among other bottlenecks.
The Four Pillars of GalaxyChain
BlueKey’s financial ecosystem is being built on the Ethereum network, this will enable it to effectively serve all categories of users both in Africa and beyond. Using the BKY utility token which runs on the Ethereum network, BlueKey is able to offer financial inclusion via four main products:
This is a product that aims to solve critical banking issues. It is a solution that will enable financial inclusion and be beneficial especially to the unbanked and underbanked communities of the world. GalaxyWallet is available for download on GooglePlaystore.
The GalaxyExchange is a solution that bridges the gap between the existing fiat-based economy and the emerging digital assets ecosystem. All crypto-fiat exchanges in the ecosystem are executed in a P2P manner at: GalaxyChainnetwork.com
This is a blockchain-based loan solution, where customers can access instant loans. The solution introduces one of the internal use cases of the BKY token. It serves as a collateral for loan applications on BluekeyPay.com
As mentioned above, the BlueKey e-commerce platform is a hub for entrepreneurs. It provides participants with a simplified opportunity of engaging in online businesses and creating wealth for themselves. Anyone from anywhere in the world can easily rent a virtual store and carry out their e-commerce on bluekeymarket.com
Listing on CoinmarketCap is only one of the numerous fundamental requirements that has already been met by the BlueKey blockchain solution. Moreover, this is a timely solution that has come at a time when the world is evolving into remote operations. Owning and interacting with virtual stores is one aspect of life that is becoming a fundamental part of the human regiment.
BlueKey does not only offer an opportunity to own and operate a virtual store. It also provides all the necessary tools for a seamless transition between the existing traditional systems and the emerging world of digital operations.
NAIRX Trading Competition on NaijaCrypto: Deposit and Trade to Win NAIRX!
It is another opportunity to show-off those trading skills! Following the listing of NIRX on Naijacrypto.com, we are announcing the first NIRX trading competition which will offer traders the chance to win 40,000NIRX.
The competition is open to all traders on Naijacrypto with registration commencing on the 9th of May.
To compete, traders must register on naijacrypto.com and fund their account with a minimum of 100 NIRX(?).
Trading will be done over a 10-day period, at the conclusion of which, traders will be ranked with respect to their accrued profit over the time-period. The ranking prizes are outlined below:
The NairaX project represents an innovative solution to two perplexing problems in the global e-commerce space: transaction costs and volatility. Global e-commerce platforms have essentially created a “re-sale niche” which privileges extensive supply networks that deliver goods through various mediums to the final consumer.
This highly inefficient and expensive model has led to narrowing profit-margins and increased cost for both SMEs and consumers. The NairaX project offers a unique solution to this problem with an e-commerce model which leverages blockchain technology to significantly reduce arbitrage across various markets.
The volatility problem is a particularly sensitive one for SMEs which rely on stable forex markets for exchange of goods and services up and downstream the supply-chain.
The scale of the problem is graphically captured by the NGN-USD price chart. Inflationary policies, market forces and slump in oil-prices have all contributed to a relatively volatile naira which in turn has led to market-price inflations and now poses an existential threat to Nigerian SMEs.
NairaX proposes a solution to this problem with the NAIRX which is usable for e-commerce transactions (unlike traditional stable-coins) whilst maintain its fixed-ratio peg to the naira backed by NairaX’s in-house fiat reserves.
As evidenced by its performance from 2016 through 2020, the naira has endured an annual slump for the 5th consecutive year, thus underlining the necessity for businesses to adopt smart fiscal solutions to hedge against incessant depreciations. A fiat-pegged stable-coin, NIRX offers merchants and SMEs a medium of transaction protected from both fiat and crypto market volatilities.
The Naijacrypto Factor
In keeping with our long-held vision, Naijacrypto continues to support smart innovative projects across the African Fintech space and beyond.
Fostering strategic partnerships and relationships domestically and internationally remain key objectives on our agenda as we continue to promote ideals consistent with our core philosophy.
As Nigeria’s premier cryptocurrency exchange, the development of a transparent and competitive market which meets emerging challenges is both an organizational goal as well as a prerequisite for achieving sustainable development.
As we continue to strive to meet the needs of our community, we lay emphasis on unique partnerships which offer our users opportunities to exploit new solutions to lingering market problems. The NairaX project fills an important void in the global e-commerce space.
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