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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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Three of the Best Crypto-Friendly Currency Accounts for 2019

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The advent of blockchain and cryptocurrency has seen several industries disrupted like never before, including finance.

Notoriously resistant to change on any real scale, finance has always been seen as a tough industry to bring new ideas into, but blockchain has changed the game in many respects.

Today we’re seeing an influx of agile digital challengers to the established names that have dominated banking for so long.

Recently a report was published by consultancy company A.T. Kearney that claims “Not all banks will survive the tide of change as customers increasingly favor digital banks and innovative products and services.

“Branch closures are a short-term fix to steady the books, but it is not enough – traditional institutions need to consider strategic transformation to improve cost and top line and also offer more innovative products and services.”

In short, the world of banking is changing, and the following three startups are among the best crypto-friendly banking options for 2019.

Wirex

Offering customers a VISA card available in three different currencies, Wirex has quickly established itself as one of the most recognized names in crypto finance.

Billed as “crypto and traditional currency accounts that put the power in your hands,” Wirex allows customers to take charge of their entire banking needs from one simple to use platform.

You can fund your account using a credit/debit card, bank transfer,…

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Bitcoin

4 Reasons Why the New Bitcoin Rally Is Unlikely to Stop Now

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After more than a year of declining prices, the crypto market is finally seeing a period of serious recovery — one that has already brought digital currencies to heights not seen in over half a year now.

Only days ago, Bitcoin surged past several major resistance levels and managed to exceed its yearly high of over $8,000. Already, many skeptics are predicting the soon end of the bull run, and the possibility of yet another sharp decline. However, there are signs that suggest otherwise — that this bull run is only getting started, and that it will not end anytime soon.

There are four reasons why this is the case, and they are as follows:

1) Bakkt

There is the long-awaited Bitcoin futures exchange, Bakkt, which recently announced that the July test date for Bitcoin futures is soon to be set. Bakkt’s launch was delayed multiple times already, so the announcement came as quite a surprise. However, it appears that it will happen quite soon, after all.

As soon as its arrival becomes a certainty, Bitcoin will likely skyrocket even further, just like gold did when gold ETF appeared in 2013.

2) Bitcoin completely ignored the hacking of Binance

Binance has been the largest crypto exchange by trading volume for a while now, and as such, many expected that, if anything were to happen to it, Bitcoin…

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