South African exchange, Xago, has announced a partnership with BitMama, a Nigerian-based digital asset exchange, in order to facilitate transactions via the digital South African Rand (ZAR) across the African continent.
The partnership will now see the Changera, a BitMama-powered mobile app, enable users send and receive digital ZAR to family, friends, and businesses in over 10 African markets where the service is currently available.
Some of the countries where BitMama operates include:
- South Africa
The service is also available in the United Kingdom (UK) and Japan.
Xago, a Ripple-powered custom-built exchange, allows users to send and receive digital ZAR across the globe.
Speaking about the new partnership, Mark Chirnside, CEO, Xago, said:
“The team at Xago is honoured to be chosen by Bitmama as their fiat to digital ZAR on- and off-ramp partner. They are a dynamic, customer-focused company that drives leading.”
– CEO, Xago
Speaking about the new experiences users are going to enjoy moving forward, Ruth Iselema, CEO, BitMama, said:
“For us at Bitmama, we are constantly thinking up new ideas to help customers move money around quickly and what Xago is bringing is a unique, innovative solution. This is an exciting partnership for us, as it will bring a whole new experience for our users. We are also happy to be involved with an expert team like Xago, who are changing how things are done and breaking new frontiers in the blockchain industry.”
– CEO, BitMama
Xago recently raised an undisclosed investment round from Capitec Bank in South Africa in order to expand its reach across Africa and the emerging markets.
The partnership now sees BitMama become the latest and the first native African exchange to join StratumX, a South American crypto exchange, as and X-ramp partner of Xago.
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