1 day ago
Lagos, Nigeria, July 28, 2026 – Quidax, the archetypal integer assets speech to person a provisional licence from Nigeria’s Securities and Exchange Commission (SEC), contiguous announced the enlargement of its stablecoin infrastructure to much than 21 countries and 14 currencies, enabling startups, fintechs, and planetary enterprises to determination worth seamlessly crossed Africa and cardinal planetary markets.
Africa loses an estimated $5 cardinal annually to cross-border outgo fees and inefficiencies. When a concern successful Accra, Ghana pays a spouse successful Durban, South Africa done accepted channels, that outgo is routed done a analogous slope successful Europe, a travel that tin instrumentality up to 7 days and costs up to 13% of the transaction value, much than doubly the planetary mean of 6%.
Quidax addresses this directly. Its compliant infrastructure settles cross-border payments successful nether 48 hours with nary analogous slope involved, astatine a outgo beneath the planetary mean and successful enactment with the G20 and UN Sustainable Development Goal people of 5%.
“Africa is location to the world’s fastest-growing economies, yet individuals and businesses wage an ‘African borderline levy’ each clip they determination wealth crossed the continent,” said Buchi Okoro, CEO and Co-Founder of Quidax. “Our compliance-first stablecoin infrastructure was created to region that levy and bring america person to a satellite with zero fiscal borders.”
Nigeria’s archetypal SEC-licensed integer assets exchange, Quidax is 1 of a prime fewer exchanges operating nether nonstop securities regularisation successful Africa and is actively expanding its licensing footprint crossed strategical markets.
The infrastructure supports cardinal African markets including Nigeria, Ghana, Kenya, Tanzania, Rwanda, South Africa, Ethiopia, Cameroon, and Côte d’Ivoire, and extends beyond the continent to Canada, China, the United Arab Emirates, the United Kingdom, the USA, and respective European countries. The rails enactment USDT, XAUT, USAT, and different starring stablecoins, arsenic good arsenic 14 section and planetary currencies including Naira, Cedi, Central African and West African CFA francs and US Dollar.
Powering much than 5,000 startups and enterprises crossed payments, remittance, gaming, banking, and more, Quidax counts Tether, the world’s largest stablecoin issuer, and Chainalysis, the planetary modular successful blockchain compliance, among its partners.
About Quidax
Quidax is an African-founded integer assets speech serving individuals, startups, fintechs, and enterprises. Its unified motor makes sending worth wrong Africa and beyond arsenic casual arsenic sending a substance message, powered by an orderbook exchange, an OTC desk, and white-label stablecoin and integer plus APIs, supporting 14+ currencies crossed 21+ countries. Visit www.quidax.io.
_________________________________________________________________________
Bitcoin.com accepts nary work oregon liability, and shall not beryllium liable, whether straight oregon indirectly, for immoderate loss, damage, claim, cost, oregon disbursal of immoderate kind, whether actual, alleged, oregon consequential, arising retired of oregon successful transportation with the usage of, oregon reliance upon, immoderate content, goods, oregon services referenced successful this article. Any reliance placed connected specified accusation is strictly astatine the reader’s ain risk.
English (US) 