New digital currency trading app unveiled

By : Editor

Date: 4 May 2021 4:42am WAT

BRITAIN-MARKET-CURRENCY-COMPUTERS-INTERNET

Gold plated souvenir Bitcoin coins are arranged for a photograph in London on November 20, 2017. Bitcoin, a type of cryptocurrency, uses peer-to-peer technology to operate with no central authority or banks. Bitcoin's recent rise and booming investor interest is forcing the regulatory and stock market authorities to formulate an official position on bitcoin and other virtual currencies, which are controversial not only because of their speculative nature, but are also seen as vehicles for illegal activities. / AFP PHOTO / Justin TALLIS

A new mobile app that allows instant exchange of cryptocurrencies using the naira and other fiats has been unveiled Tradefada Nigeria Limited, a fintech firm.

This, according to the Managing Director and Chief Executive Officer of the Company, Mr. Seun Dania, will bring the needed change and confidence to enable individuals to build their cryptocurrency portfolios.

Dania added that the new app would also ensure “easy crypto-to-crypto trades on the spot in over 100 trading pairs including Bitcoin, Ethereum, USDT, Dogecoin, Chainlink, Polkadot, Unobtanium, Litecoin, Cardano, DASH, AAVE and Maker”.

He disclosed that the company has partnered with a third-party service provider, Moon Pay, to enable foreign users to buy cryptocurrencies using the United States dollar, pound sterling, Australian dollar, Swiss franc, Russian ruble, Japanese yen, and others.

“This is possible with the use of credit/debit cards, Apple Pay, Samsung, and lots more. It is trading made possible at your convenience on Apple and Play Store, from the different parts of the globe.”

This is due to globalisation, which has been made feasible through up-to-the-minute technology,” he said.