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Quidax to use Ripple’s XRapid Product to Revolutionise Remittance and Payments

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Image: (Left: Chief Executive Officer, Quidax, Buchi Okoro; Growth Lead, Remittance, Flutterwave, Etimbuk Bassey; Co-founder & Director of Business Development, Paga, Jay Alabraba; at the 7th Remittance and Payment Expo)

Lagos, October 25, 2018 — On Tuesday, the Chief Executive Officer of Quidax, Buchi Okoro stated that cryptocurrencies like Ripple (XRP) can be used to increase liquidity for remittance businesses while reducing the cost per transaction to customers.

In a panel discussion at the 7th Remittance and Payment Expo that held on the 23rd and 24th of October at Oriental Hotel in Lagos, Buchi said that Quidax was not in competition with remittance or payments platforms, but instead in collaboration with them, as using cryptocurrencies like Ripple will increase liquidity and effectiveness to remittance businesses.

He added that partnering with platforms like Flutterwave, Paga and other remittance and payment systems could reduce the cost per transaction to consumers, cut transaction time and even lower operating costs. Explaining he said that remittance businesses usually needed to have security deposits in the countries they operate in, however, using a cryptocurrency like XRP this could potentially be eliminated. According to him in a matter of microseconds, the currency of the originating country would be converted to XRP, sold on the exchange for the currency of the destination country with the end user receiving the money in their bank account in seconds.

On the panel with Buchi were the Growth Lead, Remittance at Flutterwave, Etimbuk Bassey and Co-founder and Director of Business Development at Paga, Jay Alabraba.

QuidaxIn his speech before the panel session, Buchi shared how overwhelming the traction in Nigeria has been, with a lot of activity coming from the Ripple pairs which are mostly used for remittance because of the speed of settlement at around 25 seconds. Also, Quidax is looking to integrate XRapid a payment and international transfer product from Ripple which would efficiently power remittances and cross-border payments using XRP as a bridge.

At the expo, Buchi stated that there were a couple of reasons why people were suspicious of cryptocurrencies namely the fear of being ostracised and the possibility of cryptocurrencies crashing. According to him while some of these fears could not be erased completely, however, people are too focused on speculation.

“It would be a lot more mind-blowing to consider the positives and opportunities cryptocurrencies offer us today; instant settlements and greatly reduced costs of financial transactions.”

The Quidax CEO concluded saying that like every new technology, there were bound to be some resistance just like when the bicycle and the car were first introduced however the road ahead is still long and the innovations would continue well into the future.

The 7th Remittance and Payment Expo was themed ‘Unlocking Opportunities in Money Transfer and Payment systems in Africa’ and it was organised with the intention of deepening remittance and payment ecosystems in Africa. In attendance were top executives from financial services companies, regulators, mobile network operators, and fintech startups.

About Quidax

Quidax is a European based digital assets exchange that provides an easy platform for users to send, receive, buy and sell, digital currencies including Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and Bitcoin Gold using their local currencies.

*This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

Press Releases

Bitcoin Events to Host South Africa’s First Crypto Festival

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Crypto Festival

Bitcoin Events is delighted to be hosting South Africa’s first Crypto Festival in Cape Town on 7 September 2019.

Bitcoin EventsThere’s been a lot of renewed interest in cryptocurrencies in Africa and globally, and the Crypto Festival will highlight the exciting opportunities that cryptocurrencies offer individuals and organisations: from investing, trading, mining and transacting to privacy, security, price volatility, tokenisation of assets, Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs).

South Africa is at the forefront of crypto adoption. It has the highest percentage, 10.7%, of internet users owning cryptocurrencies, twice the global average of 5.5%, according to a recent international survey by social media management firm Hootsuite in partnership with London-based WeAreSocial.

Bitcoin and other cryptocurrencies have certainly changed the way we think about money, privacy, investments, payments and more. Cryptocurrencies are a disruptive innovation that numerous start-ups and individuals are leveraging, along with blockchain technology, to build innovative products and services for consumers and businesses alike.

We are expecting about 150-200 attendees from various backgrounds and industries at the Crypto Festival: crypto exchanges, payment systems, investment firms, mining operations, trading enthusiasts and companies, ICOs and IEOs, legal practitioners, crypto enthusiasts, blockchain developers, thought leaders, industry innovators and entrepreneurs.

Grab your Early Adopter ticket now for ONLY R450!

The Crypto Festival Call for Papers is Open

Our call for papers is now open, so don’t miss this opportunity to share your insights and expertise with our audience by submitting your paper now.

For more information on the Crypto Festival, visit Cryptofest or email the team at info@blockchainafrica.co.

Disclaimer: Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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“Mobile Localbitcoins” Totalcoin Integrates Ripple

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TotalCoin

Mobile cryptocurrency platform Totalcoin to add support for Ripple. Users of Totalcoin will be able to create wallets for XRP in addition to Bitcoin, Ethereum, Litecoin, and Dash wallets.

For the first time in the history of cryptocurrency, XRP can be transferred anywhere in the world by phone number.

The update is currently being tested and will be released soon.

TotalCoin

Moreover, Totalcoin added a feature of instant exchange of Bitcoin Cash ABC and Bitcoin Cash SV for Bitcoin and vice versa. The platform now supports 20 cryptocurrencies for exchange.

The nearest plans of Totalcoin are the development of a web version of the app, an increase of the number of supported cryptocurrencies, and redesign of user interface elements.  

Totalcoin is a unique mobile cryptocurrency app, that combines a cryptocurrency wallet, a P2P platform for buying and selling Bitcoin, and an opportunity to instantly exchange Bitcoin for another cryptocurrency and vice versa.

Beta testing of Totalcoin was successfully completed late in 2018. The app has been downloaded more than 15 thousand times.

Major advantages of the app are low fees, built-in cryptocurrency wallet, opportunity to send cryptocurrency using a phone number, live customer support, convenient user interface, and profitable referral program.

The application is available on iOS and Android.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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AnthemGold Announces Minting of First 1000 AGLD Gold Stablecoins Fully Backed And Fully Insured Gold Bars In Highly Secure Class 3 Vault

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AnthemGold

April 29, 2019, Austin, TXAnthemGold, Inc. a Texas-based blockchain company, is proud to announce the minting of its first 1000 AGLD gold stablecoins on April 23rd, 2019.  After successfully launching mainnet live on April 10th, 2019, the company now has 100% insured, fully gold-backed with all bars on video asset tokens available for purchase. 

Anthem Blanchard, CEO of AnthemGold, states, “Our team is very excited to combine gold with a stablecoin, bringing the power of freedom of wealth movement and store of value stability to people all over the world.”

AGLD gold token is the first gold stablecoin offered to U.S. citizens as well as to residents of 174 total countries.

Cynthia Blanchard, President of AnthemGold, says, “We have been working toward this goal for five years. This is a very proud moment for us.”

Grey Jabesi, AnthemGold’s Chief Visual Officer, adds: “AnthemGold is a perfect hybrid for those who strongly believe in both physical assets like gold, as well as the revolutionary potential of cryptocurrencies.”

All AGLD tokens are fully backed by .9999 fine gold kilogram bars. Each kilobar backs 1000 AGLD stablecoins.  All kilobars are stored in a high security, private Class 3 vaulting facility on video surveillance.  All kilobars are fully insured, making AnthemGold the first blockchain stablecoin to have this highest level of security and insurance.

All bar inventory is photographed with x-ray spectrometer, tracked and stored by the Hercules protocol, an indisputable tracking system launched October 29th, 2018.  All bar inventory logs are viewable and all kilogram bars are on video display live on the AnthemGold website. 

About AnthemGold, Inc.

AnthemGoldAnthemGold offers a new, cost-effective, convenient and secure way to buy, own and utilise physical gold electronically as a peer-to-peer store of value. Its blockchain-powered crypto token/digital asset AGLD provides one of the lowest cost and most flexible forms of direct gold ownership. Each AGLD is backed by one gram of gold, and each token represents direct ownership of physical gold bullion held in the form of fully-allocated, segregated London Bullion Market Association (LBMA) Good Delivery bars within the highly-secure and insured Anthem Bunker storage facility.

Contacts: 

Josh Gunter, Director of Client Services jgunter@anthemgold.com

Website: https://anthemgold.com/

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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