BELFRICE LAUNCHES CRYPTOCURRENCY EXCHANGE IN NIGERIA, GOOD NEWS TO THE PEOPLE OF NIGERIA AND A STEP IN THE RIGHT DIRECTION.
Hello steemians
Am most delighted to welcome you to my blog today.
It’s been great news for the crypto-users in Nigeria as BELFRICS - a financial technology firm based in Malaysia launches it operation in Nigeria under Belfrics Nigeria PVT limited.
While some individuals including nations are been skeptical about the adoption of bitcoin technology some are there enjoying the wonderfulness of the technology, integrating into the various facet of life like the recent ICO lunches.
With the recent activity of Belfrics has further shown that the crypto-market has a long stay and is just a matter of time before the general public begins to adopt its technology.
Why this is great news is specifically because despite the various ban and negative heat reaction by top countries and big social media company causing turbulence in the market some firm who understand and see the potential in cryptocurrency are proceeding with its adoption and integration.
To the Nigerian populace and it crypto users this is supper news as this is going to reduce the hustle of exchanging or converting your bitcoin to naira at the same time reduce the bridge between the virtual currency and fiat currency.
What this means is that Nigerians can be able to convert their digital currency directly from their wallet and have their funds transfer directly to their local bank account where they withdraw with their debt card.
The launch event came after it successful lunch of kenya’s operation.
unveiling the solution, the chairman and CEO of Belfrics Global, Mr. Praveen Vijay explained that the blockchain solution helps to enhance all existing data base in a system, transparency and openness in public service.
The aim is to bring technology solutions to Nigeria so as to bridge the gap of multiple corruptions in all areas and in all facet of public enterprise since the technology of blockchain is open, secure and transparent for anybody to see, this will in turn help to eliminate corruption.
A BRIEF ABOUT BELFRICS
Belfrics is a global cryptocurrency company that is based in Malaysia, it was founded in 2014
The company offers a wide range of products and services to the cryptocurrency industry; this includes a wallet, a trading platform, a payment gateway and many more.
Belfrice has been one of the fastest growing exchanges in Asia as well as Africa. It creation was inspired by the enormous potential of digital currency.
This company sort to promote transparency and efficiency in the financial environment using the technology of blockchain and decentralized currency system, and greater access to financial markets that were once open only to professional.
One of the major objective of Belfrice is to constantly strive to offer both experienced and new users a secured and reliable access to the work of cryptocurrency, ensuring that they receive the best return on investment (RIO). Unlike many other initial coin offerings (ICOs). Where the potentials are years away.
Since the establishment of belfrics it has successfully develop itself as a reliable digital currency exchange and a leading software development firm in more than eight countries in the world this includes, India, Singapore, Malaysia, Hongkong, middle’s east and Africa with its commitment to enabling users with easy accessibility to using bitcoin, belfrics have created a proprietary ecosystem that is hybrid model that encompasses the benefits of both centralized and decentralized exchanges.
BELFRICS PRODUCT AND SERVICES
As earlier mentioned belfrics offers more than just and exchange. The company offers a range of product and services to the bitcoin community including all of the following.
EXCHANGE
Through an easy UI (user interface) the belfrics exchange promises to offer secure, highly-liquid trading.
The company offers mobile apps and a desktop trading platform. In terms of fees you can expect to pay a 0.5% fee on traded volume with each transaction which is about average for a fee deposit and withdrawers are however free.
MERCHANT SERVICES
In addition to the list of service rendered is merchant services which belfric offers two major services this include a customized point of sale (POS) system as well a payment gateway.
The POS system allows for a merchant to seamlessly accept bitcoin,
Its end to end POS solution with back office and reporting features. It can as well be customized to meet the needs of any merchant while on the other hand the belfrice payment gateway is a platform that allows you to use your mobile phone as a bitcoin debit card.
WALLET
The belfrics wallet offers bulletproof security for our crypto currencies some of the key features include: two factor authentication, deep freeze security, multi-signature support, and other security features you can expect to see in a wallet.
As part of their recent activities belfrics has plans to lunch bitcoin exchange across the continent of Africa over the coming months with Kenya and Nigeria taken the lead.
When next you have a Bitcoin transaction consider using belfrics
This is really some good news. Do this service extend to all cryptocurrencies or just for bitcoin.
Extend to all crypto currency
More exchangers in the market... Very much needed.....!
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