BitX Launches Bitcoin Services in Nigeria
BitX has launched services in Nigeria, a move that will enable local users to access the company's bitcoin wallet, exchange and API services. The announcement comes roughly six months after the emerging markets-focused bitcoin services provider launched in Indonesia. Both countries had been on BitX's list of planned markets since April 2014. BitX CEO Marcus Swanepoel expressed his optimism that Nigeria would soon become one of the company's leading markets due to its "fast-growing" and "highly entrepreneurial economy". Swanepoel said: "We've been inundated with requests for bitcoin....
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Singapore-headquartered Bitcoin exchange BitX, which already has offices in Cape Town and Jakarta, has launched operations in Nigeria. BitX provides a bitcoin wallet, an exchange, merchant integration and APIs to businesses and consumers across the world. It has built up a sizeable presence in Southeast Asia and Africa. The launch will allow Nigerians to buy or sell bitcoin instantly using Nigerian naira for the first time through the mobile BitX Wallet on iOS and Android. They will also be able to trade bitcoin, and use the BitX API to develop their own bitcoin products. BitX CEO Marcus....
BitX has been building a global cryptocurrency platform that provides Bitcoin products and services — like wallets, exchanges, merchant integration, and APIs — to consumers, businesses, and developers, particularly in emerging markets. The company’s latest decision to launch operations in Nigeria marks another venture into an emerging market. Headquartered in Singapore, BitX’s decision to launch its services in Nigeria is aimed at exploiting Bitcoin’s potential in Africa’s biggest economy. BitX has been focusing on the African continent since its inception; for that purpose, the company....
Singaporean Bitcoin Exchange BitX recently expanded its operations to Nigeria, a step that will enable its natives to sell, purchase and store the digital currency. The announcement comes in the wake of growing requests from its potential consumers base in Nigeria, the company informed via its blogpost. It also hinted to be working towards the launch of some new services in the African territory, but shied away from revealing anything further. BitX CEO Marcus Swanepoel further interacted with media to elaborate their intents in the Africa's largest economy, and said: "We've been inundated....
Interest in the world’s top digital currency Bitcoin is growing rapidly in Nigeria, says an official of BitX which recently announced that its smart wallet hit 100,000 downloads on Google Play. BitX is one of the three most popular Bitcoin exchanges operating in Africa - serving South Africa and Nigeria - and parts of Southeast Asia. BitX Business Developments head, Werner van Rooyen, says: “... We're up across all metrics in Africa; be they new accounts, app downloads, active users, or trading volumes. I'm especially excited about the potential in Nigeria, where not only the Bitcoin....
Bitcoin exchange and wallet provider BitX has extended its Series A round to include undisclosed funding from Southeast Asia-focused VC firm Venturra Capital. According to BitX, the funding will be invested in recruitment and product development, as well as expanding the service beyond its current target consumers in markets including Indonesia, Malaysia, Nigeria and South Africa. BitX declined to release the size of the funding, but stated that the capital was secondary to bringing Venturra Capital on as an investor. "With our lean structure and very low cost base, the funds we have....