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Coinprofile Listing Enhances Living on Dash in Nigeria

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Coinprofile

Lagos — August 19, 2020 — Dash, the top digital currency for payments and e-commerce, announced it has partnered with Coinprofile, a Nigerian based cryptocurrency payments company, with a user-friendly platform that allows merchants and normal users to do direct crypto to fiat conversions.

CoinprofileCoinprofile adding Dash to its platform, gives users access to Dash features that allow transactions to take place instantly with zero fees. This will enhance the user experience when purchasing goods and services. Transactions are converted into local national currency giving the merchant the ability to continue to accept Dash payments without the risk of volatility.

Users can now convert their Dash into Naira without having to pass through exchanges. Users can also purchase goods and services online with Dash on platforms that accept bank deposits. The largest use case is remittances to Nigeria (and other regional markets) from anywhere in the world. Remittances in the continent currently face high-fees and can take several days depending on the method of transfer. Existing fintech platforms charge an average of 15% or more.

Coinprofile integrated Dash’s InstantSend feature which makes it possible for transactions to be received in a second, an obvious edge over bitcoin transactions.

Many have pointed to markets in Sub-Saharan Africa, as having many clear use cases and advantages for cryptocurrency to solve inefficiencies and lower costs around remittances and payments. However, few major cryptocurrency projects have worked on adoption there due to several reasons, including the difficulties in navigating the complexities within the continent. Dash’s DAO model enables local teams to support the network, which enables a global-local approach in market entry and growth.

Dash

“This is an amazing one for Dash,” said Nathaniel Luz, Lead of Dash Nigeria. “The partnership with Coinprofile provides Dash users with the ability to live 100% with a ready-to-go scaleable ecosystem to expand our presence in Nigeria and soon after, the rest of Sub-Saharan Africa. Coinprofile is providing its users with the best possible Dash experience, using InstantSend to quickly complete purchases. Their solution makes it easy for merchants to accept Dash while reserving the option to receive fiat.”

“We added Dash because of the speed and 0 transaction fees. These two features of Dash are essential to why we started Coinprofile – To remove high remittance fees and make transactions lighting fast. So adding Dash was a no brainer for us. With Dash, we are scaling our platform to thousands of Dash users around the world, who can now send money back home and receive payments with a fast, and easy to use UX. UX that’s hard to find in the crypto space” said Bashir Aminu, founder of Coinprofile as to their reasons for adding Dash.

About Dash

Dash is digital cash designed to offer financial freedom to everyone. Dash allows millions of individuals across the globe to carry out instantly re-spendable and secure transactions, with near-zero fees. Built to support real-life use cases, Dash is the leading decentralised payment solution: it is accepted at merchants globally, accessible via 1,600+ ATMs and 100+ exchanges worldwide. Dash has pioneered groundbreaking features including a two-tier network with incentivised nodes and decentralised project governance (Masternodes), instantly settled payments (InstantSend), instantly immutable blockchain (ChainLocks) and more. The Dash Network’s development is supported by Dash Core Group, the largest organisation funded by the Dash Treasury, which supports and nurtures the continued worldwide development and integration of Dash. For more information, visit https://www.dash.org/ or follow the organisation on Twitter @DashPay.

About Coinprofile

Coinprofile is a platform primarily built to improve the user experience in cryptocurrency to fiat transactions. Normally, cryptocurrency users have to deposit their cryptocurrency in an exchange wallet, sell for fiat and withdraw to their local bank accounts. With Coinprofile users send their cryptocurrency to an address and the equivalent is sent to their preferred bank accounts. For more information, visit https://www.coinprofile.co or follow on Twitter @Coinprofiledev.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. 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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Investors in Africa Can Now Purchase Stocks from the US Market Using Cryptocurrencies

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Passfolio

Passfolio is a new investment app that’s calling the attention of the market. Through its US registered broker-dealer, Passfolio Securities, the company aims to democratize the access to US investments in countries like Nigeria, by allowing investors to trade 3,800+ US stocks, ETFs, and REITs from the US market with no commission fees*.

PassfolioRecently, Passfolio has been growing in African countries like Nigeria and wants to facilitate access to US investments in the region. David Gobaud, Passfolio’s founder and CEO, says:

“People outside the United States often need hundreds of thousands of dollars to invest in the US stock market – we reduce the minimum to $1 to invest in US stocks of your favorite companies”.

What makes Passfolio different from other brokers? Simply put, the possibility of trading and funding your account with cryptocurrencies, through Passfolio Financial*.

Passfolio makes it possible for users to fund their accounts using cryptocurrencies by first converting them into dollars through Passfolio Financial, then moving the dollar proceeds to their brokerage accounts at Passfolio Securities, where users are then able to buy stocks. This way, investors can deposit Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash and other cryptocurrencies and access the US market.

The full list of cryptocurrencies supported by Passfolio (through Passfolio Financial*) can be found below. You can deposit and trade all of them in the app:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Zcash (ZEC)
  • Filecoin (FIL)
  • 0x (ZRX)
  • Aave (AAVE)
  • Amp (AMP)
  • Basic Attention (BAT)
  • Balancer (BAL)
  • Chainlink (LINK)
  • Compound (COMP)
  • Curve (CRV)
  • Dai (DAI)
  • Decentraland (MANA)
  • Kyber Network (KNC)
  • Maker (MKR)
  • Orchid (OXT)
  • Pax Gold (PAXG)
  • Ren (REN)
  • Storj (STORJ)
  • Synthetix (SNX)
  • Uma (UMA)
  • Uniswap (UNI)
  • Yearn Finance (YFI)

To invest with Passfolio, the first step is to complete your registration. The registration can be done in a few minutes through this link, and you will be asked for some basic information. Then, the account is typically approved in a few hours and you’ll be able to add funds to your account and start investing.

For US stock trades, Passfolio Securities offers commission-free* trading for assets priced at $5 or more. You can check all other fees that may apply on Passfolio’s website: http://passfolio.us/fees

*Securities less than $5 cost $0.02/share. Please see Passfolio’s disclosures on other charges.

Disclosures:

Passfolio LogoPassfolio is the brand name of Panchain, Inc. Passfolio Securities LLC and Passfolio Financial LLC are fully-owned subsidiaries of Panchain, Inc. Securities and cryptocurrencies are very different types of assets. Cryptocurrencies are not securities. Purchasing cryptocurrencies comes with a number of risks. Please read Passfolio Financial Cryptocurrency Risk Disclosure.

Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker-dealer. Cryptocurrencies are not protected by either

FDIC or SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Passfolio Securities, LLC does not provide cryptocurrency-related services. Passfolio Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

Explanatory brochure available upon request or at www.sipc.org. To purchase securities using cryptocurrencies, you must first convert them into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.

Please see Passfolio’s fractional shares disclosure.

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. 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 post. 

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Nigerians Living in South Africa Can Now Verify Their Remitano Accounts Using Their Nigerian Documents

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verify remitano accounts

The Remitano ecosystem is a community built on trust, this is why every Remitano user must complete their KYC to gain full access to the entire features of Remitano.

Remitano LogoOver time, we realized that a lot of our Nigerian users who have migrated and now live in South Africa are finding it difficult to verify their accounts due to the lack of proper South African documents. As a result of our pledge on continuous improvement, we are now allowing Nigerian traders in South Africa to verify their Remitano accounts using their Nigerian identification documents.

South Africa based Nigerians can now use their Nigerian government-issued National Identity card, Driver’s license, international passport, or Voters card to verify their Remitano account despite they no longer live in Nigeria.

This is part of Remitano’s effort in a bid to enhance borderless access to financial and cryptocurrency services. Remitano strives on making cryptocurrency trading easy for its users regardless of nationality and location.

What Exactly is KYC and Why Do You Need to Complete It?

KYC is an acronym for “Know Your Customer.” It is a means for Remitano to verify its users by requesting and verifying their personal details.

There are five levels of KYC in order to enjoy the highest trading experience on Remitano. The level of KYC you complete will determine your daily deposit and withdrawal limits.

Level one verification requires phone number verification only. This allows users to buy up to $1000 worth of cryptocurrency. However, you would not have access to your Remitano fiat wallet.

Level two verification involves document verification. It involves the confirmation of your identity by providing your government-issued ID card. This will help remitano verify the personal details and address you provided during registration. Level two users can buy cryptocurrencies worth $100,000 per day with a daily withdrawal limit of $1000.

Level three verification requires your bank verification. You need to verify your bank detail to make fiat deposits and withdrawals. Level three increases your buying limit to $200,000 per day and withdrawal limit to $2,500 per day.

Level four and five KYC are for long term traders, and you will need to complete the first three levels. Learn how to complete level 4 and 5 KYC.

The acceptance of KYC (Know Your Customer) has made Remitano one of the most secured peer-to-peer crypto exchange platforms as it has recorded no scam attempts.

The KYC has been used to filter out users with bad intentions and ulterior motives. Traders and investors on Remitano carry out their activities without the fear of being scammed and ripped off their hard-earned money.

Complete your KYC now and begin to buy bitcoin in South Africa on Remitano!

About Remitano

Remitano is a product of Babylons Solutions Limited based in Seychelles. Remitano’s purpose is to offer a robust, quality trading experience to all users as a fast-moving marketplace. With necessary safety standards in place, buyers and sellers can come together, store, trade, and withdraw assets, thus avoiding issues common to other crypto exchanges.

Launched in 2014, Remitano is a global cryptocurrency exchange serving international markets, such as Malaysia, China, Nigeria, Vietnam, Australia, Cambodia, and Indonesia.

Got Questions?

Reach out to Remitano via:

Email: team@remitano.com, marketing@remitano.com

Socials: Facebook, Twitter, Reddit, and LinkedIn

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. 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 post. 

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PixelPlex Introduces DocFlow – Intuitive Blockchain-Powered Document Management System

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Pixelplex

PixelPlex, a custom software development company with a focus on blockchain technology, has recently launched its blockchain-based document management software that is called DocFlow.

DocFlow, the solution that was built on Hyperledger, is able to digitise the entire paperwork process. It’s based on advanced smart contract mechanisms that guarantee data security and authenticity. Thanks to this ingenious project, users will be able to skip time-consuming document processing routines, exclude all intermediaries, save valued resources via zero transaction fees, and protect data at all levels through multi-tier role-based and coded access.

PixelplexThe developers at PixelPlex point out that DocFlow’s infrastructure is not that complex. It consists of Web UI for administrators, database on the back-end and a blockchain network, secure API gateway for data access as well as user interface for document storage and access. This business document management system is universal and comes in really handy when dealing with the issues around electronic file turnaround. 

DocFlow can be seamlessly integrated, safely used, and accessed from anywhere on any device. Apart from this, it complies with GDPR at all times, has a transparent doc history through time-stamped blocks, rules out fraud via built-in proof of origin techniques, safeguards and decentralises your data storage with distributed ledger tech, automates document processing, issuance, and retrieval.

PixelPlex blockchain-based document management software will correspond to the requirements of almost all enterprises. Among them, there are such industries as Supply Chain, Healthcare, Real Estate, Telecommunications, eCommerce, Energy and Utilities, Engineering and Construction, Accounting, Finance, Legal, and Insurance. 

When integrating DocFlow, the PixelPlex team offers their specially designed 5-step implementation model:

  • Initiate DocFlow from the blockchain network’s side
  • Initiate the solution from your company’s side
  • Register admins and users
  • Integrate third-party services if needed
  • Start working with documents, nice and easy

About PixelPlex 

A blockchain provider with 7+ years of experience and 50+ successfully completed blockchain projects. They power their DLT products with AI, IoT, and cybersecurity advances. Learn more at www.pixelplex.io.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. 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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