Nigerian cryptocurrency exchange platform Roqqu has been granted regulatory permission to enable South African Rand (ZAR) deposits and withdrawals for its users. This move is aimed at expanding the use and accessibility of cryptocurrencies and bringing in a new era of borderless cryptocurrency exchanges. Israel Ololade, Head of Product at Roqqu, stated that after conducting extensive research, the company decided to expand to South Africa as the most practical option for its goal of worldwide acceptance and borderless transactions. Roqqu found that four million South Africans possess cryptocurrency, and the country ranked 18th out of 26 for crypto adoption. The company plans to expand to other African nations in the region from South Africa, making it the first crypto exchange with a Nigerian base to encourage crypto adoption in other African nations. Using the platform provides access to a larger selection of fiat currency options and the opportunity to undertake global remittance without needing to download a second app.

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