Lagos, Nigeria — December 03, 2020

African Crypto Exchange Quidax has listed Dash for Faster and Cheaper Payments

One of Africa’s largest cryptocurrency exchanges, Quidax has added the cryptocurrency Dash to the list of digital currencies you can buy or sell with Nigerian Naira.

Dash is a cryptocurrency that can be used to send money from one place to another just like Bitcoin. However, Quidax has integrated Dash’s InstantSend feature which makes it possible for transactions to be received in a second, an obvious edge over other cryptocurrencies.

“Naturally, adding another cryptocurrency that helps our customers perform their transactions faster and with almost zero transaction fees was a no brainer.”

Uzo Awili, Chief Technology Officer (CTO) at Quidax

According to Uzo Awili, Chief Technology Officer (CTO) at Quidax, “in the last few months, we have seen an increasing number of businesses and individuals use cryptocurrencies to send and receive money from around the world faster and cheaper than ever before. A number of these businesses and individuals used cryptocurrency for the first time this year and continued using it after that.”

According to a 2020 research report by Chainalysis, Nigeria ranked eight out of 154 countries for crypto adoption and usage. Speaking on this Nathaniel Luz, the Lead of Dash Nigeria mentioned “that in the face of Foreign Exchange (FX) shortage more and more people are turning to cryptocurrencies like Dash as a way to pay their suppliers and partners in other countries, as well as receive remittance. So it's no surprise that Nigeria ranks 8th in the world.”

Nigeria is currently experiencing an FX shortage. If it continues, it will become harder for businesses who rely on FX for raw material importation to keep their doors open for business. For these businesses, cryptocurrencies like Dash are becoming an option they are starting to explore.

Dash was designed to offer financial freedom to everyone, enabling billions of people across the globe to carry out instant and secure transactions with near-zero fees. With Dash now on Quidax, anyone in Nigeria can buy Dash using their Debit card or via Bank transfer and send it to anyone in any part of the world.

Contact Information: For press and media inquiries please contact the Dash press team at [email protected] We look forward to hearing from you.

MARK MASON

Communications and Business Relations Manager at Dash

All the latest Dash graphics and logos are made available to you in our media kit.

Dash Press Kit

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 decentralized payment solution: it is accepted at merchants globally, accessible via 1,600+ ATMs and 100+ exchanges worldwide. Dash has pioneered groundbreaking features including: two-tier network with incentivized nodes and decentralized 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 organization 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 organization on Twitter @DashPay.

About Quidax

Quidax is an African-focused cryptocurrency exchange that makes it easy for you to buy/ , Bitcoin, USDT and other cryptocurrencies. Quidax also enables Fintech companies to offer cryptocurrency services to their customers via its cryptocurrency API.