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Quidax has partnered with Ripple, and is positioned to begin using the xRapid product of the blockchain company (the only product of the company that uses XRP) to revolutionize money transfers and settlements.
Not long ago, Quidax, a virtual asset exchange based in Europe, launched its services in Nigeria in an attempt to spread its wings on the African continent. Their story dates back to 2016 when their architects came together to develop a platform with the intention of leaving a mark in the financial sector. Their main purpose is to open the doors of opportunity to as many individuals as possible interested in making money and creating wealth.
Ripple's second partner in Africa (first Flutterwave who embraced the Ripple blockchain not so long ago), Quidax is hosted by a trading platform that will allow its users to buy and sell digital assets using their secure, simple and secure user interface. without interruptions . Once launched, Quidax will facilitate its users the ability to buy and sell six virtual currencies with the promise of expanding to over 20 criptos in the next three months.
According to the CEO of Quidax Africa, Buchi Okoro, who is Nigerian, the platform has the potential to break the existing financial barriers that, in turn, will allow Nigerian residents to have more opportunities to create wealth for themselves. He revealed:
"Having thought about the problems that are upsetting the current global financial landscape, our mission as Quidax is to challenge the status quo by pushing humanity forward.As an exchange, our goal is to break down the barriers that prevent our people from accessing opportunities for wealth creation "
By observing the huge number of alternatives available to their users, we can no doubt conclude that Quidax is the substantial exchange platform that works in Africa. The digital tokens included in the exchange (at the moment) include Bitcoin Cash, Bitcoin Gold, Ripple & # 39; s XRP, Bitcoin and Litecoin.
One of the things that distinguish Quidax is its ability to eliminate the hustle and bustle of running between mobile applications minimized during the transaction. It also offers a wide range of virtual resources to buy and sell. The all-encompassing benefit of Quidax has aroused the interest of many crypto-enthusiasts in Africa, contributing to the massive commercial accesses registered on their platform.
Currently, the cryptocurrency company is at an advanced level of its preparations to start its cryptocurrency and blockchain education to increase the level of literacy in Nigeria and the African continent in general. Literacy of cryptocurrency is needed on the African continent today more than ever before.
In addition to offering Nigerians more information on cryptocurrencies and blockchain technology, Quidax will also facilitate West African citizens with a platform for trading virtual currencies. To achieve this goal, the company is studying partnerships with key people who are instrumental in the Abuja Blockchain and Artificial Intelligence Roundtable event. CEO Okoro added,
"As a commercial cryptocurrency platform, Quidax is open to collaboration with other players in our quest to achieve our vision and mission to enlighten Nigerians and Africans on this emerging technology."
Ripple (XRP) Price analysis after the partnership with Quidax
The new innovative product of Ripple for payments, xRapid, is already facilitating businesses and financial institutions with mutual transaction capabilities without problems. And early this morning, the world has woken up to the news that XRP / USD has shed off Monday's low of 0.4452 US dollars through still strong bearish feelings.
Although all the major cryptocurrencies are currently in red, Ripple's XRP price is up 0.78% and stands at $ 0.445 considering the last 24 hours of trading, with its current market value at just under 18. billions of dollars.
It is expected that XRP prices will increase dramatically, while the news of Ripple working with Quidax continues to gain momentum (remember that they will use xRapid, the product that uses XRP), especially in Africa.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pixabay
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