Nigeria is going to benefit from the presence of CoinCola, a Person-to-Person (P2P) Bitcoin platform that just launched into the country.
Though based in Hong Kong, CoinCola aims to provide trustworthy trading and exchange services to all its users all around the world with Africa being a key place of interest. CoinCola believes that Blockchain technology will be essential to providing secure banking and payment services in the future and also that cryptocurrency will greatly improve the convenience of daily transactions and help to create a world that is financially borderless. Hence, the firm’s mission to connect Nigerians to this new digital asset economy.
Blockchain Technology is rapidly growing in different continents and many more people beginning to see the importance and relevance of cryptocurrency and blockchain technology in their different fields of life. Nations and companies are gradually adopting cryptocurrency in exchange for goods and services instead of fiat.
However, the African continent seems to be lagging behind in the adoption of this upcoming technology resulting from the lack of political will to accept the risk of innovation, especially in relation to Blockchain technology and cryptocurrency. This can further be perceived in the reluctance to adopt the use of cryptocurrency in day-to-day transactions.
Coincola is an OTC (over the counter) cryptocurrency marketplace and exchange designed to offer the best cryptocurrency trading experience for users and also offer fast and secure trading services at competitive fees and exchange rates.
In the OTC Marketplace, the trading platform allows people around the world to use their local FIAT currency to buy and sell Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH) Tether (USDT) and Ripple (XRP). This is done on a person-to-person (P2P) basis. Users can post adverts for free and are only charged a trading fee of 0.7 person of the traded amount once the transaction has been completed.
In the exchange market, CoinCola offers Bitcoin (BTC) and Tether (USDT) as base currencies and supports crypto-to-crypto trading pairs with Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). A trading fee of 0.2% is charged for an exchanged amount. However, there is a fixed withdrawal fee.
The new feature which allows users to trade bitcoin with gift card was added recently to fulfill a highly desired request by African users. Users can now buy bitcoin in Nigeria.
At CoinCola, security is of utmost priority hence there are multiple layers of security including bank-level encryption, cold storage, and SSL, ensuring that customers can trade with 100% confidence.
CoinCola provides an intuitive and easy verification process by building trust and transparency in the Blockchain ecosystem and ensuring compliance using KYC/AML regulations.