Nigerian Crypto Exchange Roqqu Gets European Union Virtual Currency License

1 year ago

The Nigerian crypto speech Roqqu precocious announced that it obtained a virtual currency licence that allows it to connection its services successful 28 European countries. According to Israel Ololade, the caput of merchandise astatine Roqqu, the European Union licence “aligns with the brand’s thrust to go the fig 1 blockchain and crypto institution globally.”

Crypto Adoption Lags Behind successful Europe

The Nigeria-based cryptocurrency speech Roqqu was precocious granted a European Union (EU) virtual currency license, enabling it to connection its services to users successful 28 European countries, a connection released by the steadfast has said. The licence allows Roqqu users, including non-Nigerians, to commercialized integer currencies arsenic good arsenic to enactment successful the non-fungible token (NFT) market.

According to the statement, the crypto exchange’s EU licence means Roqqu is 1 of the archetypal integer plus speech platforms from Africa to grow into Europe. In a statement, the Nigerian crypto speech besides shared a fewer reasons which influenced its determination to question a Eurozone license.

“In our research, we recovered that Europe needs to drawback up successful presumption of its planetary mean of cryptocurrency adoption. They crawl globally with an mean of 27%. European crypto exchanges travel with much analyzable idiosyncratic interfaces and precocious fees, making it hard for aboriginal traders to enactment successful crypto arsenic overmuch arsenic they want,” the connection said.

In a caller interview with Bitcoin.com News, the crypto exchange’s CEO Benjamin Eseoghene suggested the determination to grow into Europe was been influenced by users who asked Roqqu to see making its services “available to their friends and household members who unrecorded and survey abroad.”

Meanwhile, Israel Ololade said the EU licence “aligns with the brand’s thrust to go the fig 1 blockchain and crypto institution globally.” In addition, Roqqu’s enlargement into Europe opens a transmission that allows Nigerians successful the diaspora to seamlessly nonstop remittances to household and friends successful Nigeria, Ololade added.

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Terence Zimwara

Terence Zimwara is simply a Zimbabwe award-winning journalist, writer and writer. He has written extensively astir the economical troubles of immoderate African countries arsenic good arsenic however integer currencies tin supply Africans with an flight route.

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