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Crypto Exchange: Naijacrypto Launches Mobile App

Naijacrypto, one of Nigeria’s leading cryptocurrency exchange, has announced the launch of its new mobile app for IOS and android users.

The company stated that launching of the app, which comes amid rising interest of investors in digital currencies at global and continental levels, would enable users to seamlessly access various blockchain-based financial products and services.

According to the cryptocurrency promoting company, the new app features a simplistic layout, with a faster on-boarding process and easily accessible homepage, thereby making it easier for users to execute trades on the exchange.

Naijacrypto believes that the easy to use up, which is essentially tailor-made for speedy transactions on the go, will set it out as a leading app in Africa’s emerging and fast-growing crypto market.

Commenting during the unveiling of the app, the Chief Executive Officer of the digital firm, Chiagozie Iwu, enthused: “The decision to create a more enhanced app was driven by increasing technological needs within the cryptocurrency space.

“We wanted to create an app that offers users swifter access to the same services offered on the website”, he added.

Available data from Chainanalysis, a leading company tracking crypto payments and providing blockchain-related data for institutions, Africa’s crypto-trading activity now features among the top 10 largest services on the continent by trade volume.

For instance, on-chain cryptocurrency activity in Africa has risen from 67 percent in October 2019 to 78 percent in 2020, indicating an unprecedented surge in cryptocurrency adoption across the continent.

According to Naijacrypto CEO, the fast-growing cryptocurrency adoption in the continent was one of the reasons that encouraged the company to launch the new app

Iwu said: “We felt that this was the right time to build and launch a new app, we have increasingly more daily users on the platform, creating greater ease-of-use for our users is needful at present”.

In recent months, Africa has continued to create enabling environment for cryptocurrency adoption even when regulatory frameworks for investments remain scanty.

It would be recalled that in February 2021, the Central Bank of Nigeria (CBN) issued a circular prohibiting financial institutions in the country from facilitating cryptocurrency payments.

Despite the monetary policy directive, indications showed that cryptocurrency adoption appears to be gaining momentum as many see the use and exchange of cryptos as promising in terms of returns.

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