Nigerian online payment processor, VoguePay and iceCUBEDX have partnered to
allow clients to trade bitcoin in their native Naira using their existing
VoguePay wallets to fund their transactions.
The bitcoin market will officially begin trading on
the 12th January 2015 and Nigerians can buy/sell orders for bitcoin instantly
with further integration possibilities already in place to provide full
crypto-merchant services to customers.
In a statement, Gareth Grobler, Founder ICE³ said, “We
have to be realistic though, the Bitcoin technology has yet to be packaged and
applied correctly for it to be a mainstream alternative currency, but as an
agnostic payment settlement mechanism within a larger framework it ticks all
the boxes and could perhaps have a significant impact on shaping the Nigerian
digital economy landscape. It is a market that simply just cannot be ignored
any longer.”
The Naira Market on ICE³X is currently live in the
production environment and users are currently being verified in anticipation
of the official market opening on 12th January 2015. ICE³X have been operating
a successful bitcoin exchange in their native currency, Rand, since August 2013
and are also launching the Dollar and Sterling markets on the exchange at the
end of January 2015.
VoguePay aims to power cross border processing capabilities
using Bitcoin in Africa and not just Nigeria Bitcoin businesses and the firm
says it bringing secure and effective payment processing facilities to Nigeria
and is rapidly expanding their product offering to include alternative
currencies.
“It’s been an amazing year for VoguePay. As we
recently launched our latest platform (V 2.0), thousands of transactions have
already experienced our unique service that our platform has to offer; and we
are excited to be recognised as the best Nigerian online payment platform.
Building relationships with reputable companies such as iceCUBED in South
Africa, who are also focused on making e-payment accessible to as many people
as possible; we will continue to set the pace of the Nigerian online payment
industry. The example we are setting will pave the way for young African
entrepreneurs to foster better business relationships, making the online
markets more accessible to millions of Africans.” -VoguePay Compliance and
Marketing director, Geoffrey Weli Wosu.
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