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African digital assets exchange Quidax adopts Ripple xRapid

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Quidax has partnered up with Ripple, and it’s positioned to start using the blockchain firm’s xRapid product (the only product of the company that uses XRP) to revolutionize money transfers and settlements.

Not too long ago, Quidax, a European based virtual asset exchange, launched its services in Nigeria in an attempt to spread its wings to the African continent. Their story dates back to 2016 when their architects came together to develop a platform with the intention to leave a dent in the financial sector. Their primary purpose is to open the doors of opportunity to as many individuals as possible who are interested in making money and in wealth creation.

The second Ripple partner in Africa (first was Flutterwave who embraced the Ripple blockchain not too long ago), Quidax is being hosted by a trading platform which will allow their users to buy and sell digital assets using their secure, simple, and seamless user interface. Once it gets launched, Quidax will facilitate their users with the capability to buy and sell six virtual currencies with the promise to expand to over 20 cryptos in the next three months.

According to the CEO of Quidax Africa, Buchi Okoro, who happens to be Nigerian, the platform has the potential to break the existing financial barriers that will, in turn, allow Nigerian residents to have more opportunities to create wealth for themselves. He disclosed:

“Having thought about the problems that are bedeviling the current financial landscape in a global level, our mission as Quidax is to challenge the status quo by pushing humanity forward. As an exchange, our goal is to break down financial barriers that are barring our people from accessing wealth creation opportunities” 

By looking at the sheer number of alternatives available to their users, we can undoubtedly conclude that Quidax is the substantial exchange platform functioning in Africa. The digital tokens included in the exchange (as of now) include Bitcoin Cash, Bitcoin Gold, Ripple’s XRP, Bitcoin, and Litecoin.

One of the things that make Quidax stand out is its ability to take away the hustle of running between minimized mobile applications while transacting. It also offers a wide range of virtual assets to buy and sell. The all-inclusive benefit of Quidax has spark interest among many crypto enthusiasts in Africa contributing to the massive trade sign-ups being experienced on their platform.

Currently, the crypto exchange company is at an advanced level of its preparations to kickstart its cryptocurrency and blockchain education to increase the level of literacy in Nigeria and the African continent at large. The cryptocurrency literacy endeavor is needed on the African continent now more than ever.

Apart from offering Nigerians more information concerning cryptocurrencies and blockchain technology, Quidax will also be facilitating citizens of the West African with a platform to trade virtual currencies. To achieve this, the company is looking into partnering with key individuals who are instrumental in the Abuja Blockchain and Artificial Intelligence Roundtable event.  CEO Okoro added,

“As a cryptocurrency trade platform, Quidax is open to collaboration with other players in our quest to achieve our vision and mission of enlightening Nigerians and Africans on this emerging technology.” 

Ripple (XRP) Price Analysis After Partnership with Quidax

Ripple’s new innovative product for making payments, xRapid, is already facilitating businesses and financial institutions with capabilities of transacting with one another seamlessly without friction. And early this morning, the world woke up to the news that XRP/USD broke free from Monday’s low of 0.4452 US dollars through the bearish sentiments that are still strong.

Despite all the top cryptocurrencies being in the red currently, Ripple’s XRP price is up by 0.78% and stands at $0.445 taking the recent 24-hours of trading into account, with its current market value standing at slightly below 18 billion US dollars.

It is expected that XRP prices might surge upwards as the news of Ripple partnering with Quidax continues to gain momentum (remember they are going to use xRapid, the product that uses XRP), especially in Africa.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pixabay

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Four deadly consequences using a low-end broker

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We all know trading is the best way to secure our financial freedom. Regardless of the economic crisis, traders can make a profit by executing orders in the Forex market. They execute the orders, traders use third party often known as Forex brokers. Unless you trade this market with a well-reputed Forex broker, it’s tough to ensure profit. You might get scammed in the investment industry. People are always thinking about their trading strategy and working more than 10 hours to learn the art of trading. They even forget the role of premium brokers. If you chose an unregulated broker, you are going to suffer a lot in the investment industry. Let’s learn to explore the consequences of choosing a low-end broker in the Forex market.

You might get scammed

If you trade this market with an unregulated broker, you might even get scammed. The traders are not aware of the fact, hundreds of false brokers are offering service only to get money from the investor’s pocket. Once you deposit money, you will be able to execute a trade without any problem. But things will take a turn when you request a withdrawal. They will show hundreds of causes and freeze your trading account. If you want to save yourself from such a broker, you must choose the broker who…

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Basic Guide on How to Spend Bitcoin and Other Cryptocurrencies

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In recent years, Bitcoin and other cryptocurrencies have entered more into the mainstream. Most people walking down the street have at least heard of Bitcoin. While a lot of people got involved in the buying and selling of cryptocurrencies to try and make a quick buck, most people who are enthusiastic about the world of blockchain are in it for the long haul. 

These are usually the people who are going to be more likely to actually use their Bitcoin and other cryptocurrencies as a payment tool and not just as a storage of wealth or a trading tool. This guide looks at a few different ways in which you can use your Bitcoin in spending capacity. 

Crypto Debit Cards

Perhaps the easiest way for you to spend your cryptocurrency is by linking up your holdings to a debit card. 

These days, many of the leading card providers such as MasterCard and Visa have these types of crypto-linking debit cards. These cards can be used just like you would a normal debit card that is linked to your fiat currency bank account. 

Naturally, the most popular type of crypto debit card is going to be for Bitcoin, but there are other cryptocurrencies catered for also. 

Prepaid Cards

There…

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Win a Zero Gravity Experience and €50,000 in BitStarz Space Level Up Adventure!

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In a galaxy far, far away, there was an online casino like no other. Giving players a chance to win epic trips around the galaxy, tons of cash, the latest tech and, of course, cozy space adventure gear. To kick off the new year, BitStarz Casino is proud to announce the launch of its latest rocket-fuelled promotion Space Level Up Adventure!

There is an incredible Zero Gravity experience in the heart of the good ol’ USA up for grabs, with €50,000 in individual prize pools, tons of super cool BitStarz merchandise, and even the latest MacBook Pro.

What are you waiting for? Read on to get the lowdown on how you can win all of this and much more!

Heading to the Edge of Space

When it comes to Space Level Up Adventure, the name of the game is, well, leveling up, with there being 40 fun-filled levels to go through. Each level presents a fresh challenge with new prizes to win, so keep on pushing if you want to win that Zero Gravity experience.

The first player to rocket to Level 40 will win tickets for two all the way to the United States. Once you’re in the US, you will be whisked away by a private chauffeur to your luxurious hotel to…

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