With Nigeria standing head and shoulder above the growing interest and adoption of cryptocurrencies in Africa, Cloudax, an innovative technology-driven ecosystem built for wholesome content creators and communities, is launching its P2P App and website to onboard Africans into the crypto ecosystem, meeting the surging needs and demands of first-time and all-time crypto users.
Speaking about the piqued interest of Nigerians in the crypto space, the CEO of Cloudax, Olumuyiwa A, said “I think the quick adoption of cryptocurrency in Africa is largely driven by the difficulties the African youth faces in conducting borderless financial operations whilst living and working in the global village that the world has become. Digital currencies have become the easiest means to conduct financial transactions and it's encouraging to see that a number of African governments appear to be developing or on their way to developing regulations which promote the use of cryptocurrencies in their regions.”
A 2022 report by Chainalysis revealed that P2P exchanges account for 6% of all cryptocurrency transaction volume in Africa, more than double the share of the next-closest region, Central & Southern Asia and Oceania. This highlights the need for ramp providers to build bridges between the web3 and fiat ecosystems in Africa.
He continued by saying “We are excited to introduce our P2P platform, which will bridge the gap between crypto enthusiasts and mainstream users in Nigeria. Our mission is to empower individuals with a seamless and affordable solution for crypto transactions. With asset security being the greatest concern of most users, CloudP2P gives the best customer experience with its extremely secure and user-friendly marketplace for swift and seamless buying, selling and swapping of crypto.”
The Cloudp2p platform boasts several key features that sets it apart from existing P2P solutions in the market. First, it provides a secure and reliable environment for users to buy, sell, and exchange cryptocurrencies directly with one another, eliminating the need for intermediaries. This not only reduces transaction costs but also ensures faster settlement times.
Cloudax has several other products in development, including a discount store and an infrastructure support wallet.
Click the link https://app.cloudp2p.io/auth/signup?referralCode=HARRD55E to kickstart your crypto journey with CloudP2P.
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