The new exchange on the block, NaijaCrypto, a free trade exchange in Nigeria, has in an interview with Ekene Ezeala from CoinNewsExtra, disclosed the current state of the the exchange and its future plans.
According to Chiagozie Iwu, the CEO of Ci Crypto Solutions, the founders of NaijaCrypto, the cryptocurrency exchange has been in existence for three-four months and has a customer-base of five hundred users.
Although their mobile is just a month old, it has a record of seventy users and counting.
ABOUT LISTING MORE COINS
Any coin to be listed on the exchange must be linked to a project and the board must believe that it has a proper use-case. The first ten coins according to market capitalization will soon be listed, Iwu said’
Mr Dozie said that FlashCoin is the first external coin to be listed on their platform because it has a proper use-case and the listing will help spread Flash technology across Nigeria and get more merchants to Flash and NajiaCrypto too.
HOW SECURE IS NAIJACRYPTO?
In line with the hacks on exchanges this year, Cryptopia being a major example, Chiagozie Iwu had this to say about the security of the platform:
‘Our platform is secure. Naijacrypto uses KYC for registration. In the second factor authentication, Google security will be used. The first way to register on the site is to submit and verify your email addresses and input a password.
DO YOU SEE NAIJACRYPTO BEING PIVOTAL TO ADOPTION OF CRYPTOCURRENCIES BY THE GOVERNMENT OF NIGERIA?
In a follow-up interview, co-founder of Flashcoin James Junior, stated that “the listing of FlashCoin on the platform is as a result of the growing speed of NajiaCrypto and also to help the Nigerian community in Canada to send money easily to their loved ones.” This will in turn, prod the relevant authorities in Nigeria to adopt cryptocurrency and set proper regulations in place.
He said the essence was to reduce the stress of banks and PayPal issues. With FlashCoin having about 3000 merchants in Nigeria, this listing will help push it’s vision and also help Nigerians adopt the Flash technology.
Flash is designed to be a decentralized, real world remittance platform, solving problems which BitCoin and Litecoin failed to address with respects to transaction volume, transaction speed, and transaction fees. It also solves the problems other coins have in regards to high electricity consumption.
Naijacrypto Trade is a leader in the Bitcoin environment with a secure regulated trading platform and recognized Bitcoin exchange. Naijacrypto is fast, easy and inexpensive.