NaijaCrypto, a Nigerian crypto exchange, has announced a strategic partnership with Xago, a South African on and off-ramp ZAR / XRP exchange and financial payments services provider, to enhance access to major financial markets.
The partnership also seeks to enable Africans provide a verifiable and compliant financial ecosystem allowing them to move Naira to South Africa.
Speaking on the partnership, Chiagozie Iwu, CEO, NaijaCrypto:
“We are very pleased with this partnership, and have specifically chosen Xago as both companies take the security and privacy of clients’ digital assets very seriously. We continuously work to enhance the extensive security measures we already have in place today, which cover the integrity and continuity of the range of NaijaCrypto services.”
– CEO, NaijaCrypto
The partnership underscores the growing recognition for financial mobility challenges within Africa, as well as the need to improve on existing financial infrastructure.
According to the Kevin Lewis, Chief Revenue Officer, Xago, said:
“Our partnership with innovator, NaijaCrypto, empowers individuals and business to transact between South Africa and Nigeria highly securely, within seconds, and at a fraction of the cost of traditional financial institutions. With the amount of trade between the two countries, and the expat communities living in each, our joint offering is an obvious choice.”
– Chief Revenue Officer, Xago
Xago recently partnered with Bequant, a European liquidity provider, to offer digital assets custody to African institutional investors via its on-ramp service.