THELOGICALINDIAN - Belfrics Global accept amorphous their rolloutof African bitcoin exchanges accepting afresh launched operations in Kenya The aggregation additionally affairs to accessible added exchanges in Nigeria Ghana and Botswana in the advancing months
Also Read: Belfrics Launches Exchange in the Face of Indian Demonetization
Belfrics Has Launched Its First African Bitcoin Exchange in Kenya
Malaysia-based bitcoin technology provider, Belfrics Global, has set in motion its roll-out of African bitcoin exchanges. Belfrics has launched operations in Kenya, with intentions to anon access the cryptocurrency markets of Nigeria and Ghana.
In accession to alms a bitcoin barter to Kenyan cryptocurrency traders, Belfrics will action a acquittal aperture and point of sale arrangement to Kenyan merchants gluttonous to acquire bitcoin as payment.
Speaking at the barrage of the company’s aboriginal African bitcoin barter at the Villa Rosa Kempinski in Nairobi, Chairman and CEO of Belfrics Global, Praveen Kumar batten with activity apropos the acknowledgment accustomed from the Kenyan cryptocurrency community. “We were afflicted with the tests trials that were run in Kenya in agreement of aggregate and accept accordingly absitively to barrage Bitcoin exchanges beyond the abstemious in the advancing months,” Kumar stated.
For Belfrics, the African bitcoin markets acquire ample growth potential, with the aggregation assured to ambition about 100,000 African investors during its aboriginal 12 months of operations. “We accept that agenda bill is absolutely the approaching of the banking markets and Kenya becomes an important bazaar for us to alpha our operations in Africa. Kenya, for us, is one of the fastest growing bitcoin markets in Africa – abutting to South Africa, Nigeria, and Ghana.”
Belfrics Views the Roll-out of Its African Bitcoin Exchanges as an Opportunity to Tap Into Vast Unbanked Populations
Belfrics are now in absolute antagonism above African bitcoin barter and casework provider, Bitpesa, for the Kenyan cryptocurrency markets. While Belfrics offers a abundant fee anatomy of 5 per cent compared to Bitpesa’s 3 per cent, Belfrics does not appoint minimum transaction banned on customers, admitting Bitpesa enforces a minimum transaction amount of $700.
Belfrics angle the rollout of its African bitcoin exchanges as an befalling to tap into the all-inclusive unbanked populations of Africa, as able-bodied as accouterment a applicable adversary to the acceptable cyberbanking sector. “Our bitcoin barter aims to accompany bottomward the amount of money transfers aural Kenya application blockchain technology,” Kumar stated.
The barrage of Kenya’s bitcoin barter brings the absolute cardinal of countries in which Belfrics is operating to four, including exchanges in India, Singapore, and Malaysia.
Do you anticipate that Belfrics’ ambition of 100,000 barter in 12 months is an ever aggressive apprehension of the African cryptocurrency economy? Share your thoughts in the comments area below!
Images address of Shutterstock and Belfrics
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