KuBitX is a new exchange built by Africa and for Africa. The company recently held its first event in Nairobi, Kenya, to introduce its services into the market and offer a fresh, new, and African approach to exchanges.
Among the attendees at the event were Bitange Ndemo, Chairman, Kenya Blockchain Taskforce, Fernando Wangila, Head of ICT, NTSA, and Rebecca Powers, Global Operations Manager, I-Dev International.
According to the KuBitX CEO, Eric Annan, “There has not been any technology that has favored Africa more than the blockchain. Africa possesses the crypto opportunity due to its reliance on the U.S. dollar, which, when it shrinks, affects the African economies.”
According to Eric, the KuBitX Exchange is looking at helping Africans create real wealth as opposed to having foreign exchanges come into the continent and take wealth away from it. The exchange will offer multiple currency and crypto fiat trade financing, remittances, and use cases specific to countries, across a number of African nations including Kenya.
A KBX token will also be offered on the exchange.
Fernando Wangila also spoke about the opportunities that exist in offering identity solutions using the blockchain and how the government is looking at implementing it.
Bitange Ndemo spoke about the real use cases that can be applied in agriculture using the blockchain and how it can help solve a lot of the challenges in the sector.
Rebecca Powers touched on how blockchain enthusiasts in the room can create thriving businesses on the blockchain and what it takes to be successful.
KuBitX is one of the most advanced and robust cryptocurrency trading platforms designed to embrace the idea of “Simplicity” and “Accessibility,” empowering and educating people from all walks of life to embrace the technological revolution of Blockchain and invest in cryptocurrencies.
Contained within the KuBitX ecosystem are the KuBitX Trade engines, the secure KuBitX wallets and an advanced Admin dashboard for regulating the activities within the Trade Exchange.