Roqqu is added to the list of African technology companies that branch out into the continental technology ecosystem with an innovative cryptocurrency infrastructure. The cryptocurrency exchange start-up has acquired the South African license issued by the inland regulatory system compliance to leverage indigenous access to the crypto market.
Roqqu’s approval by the South African regulatory system allows indigenes to deposit and withdraw their local currency via the multi-purpose app. The South African Rands (ZAR) can be used for exchange on the crypto platform which expands the start-up crypto exchange network as well as enlighten the South African population about the crypto market.
The crypto exchange company hailed from Nigeria with intentions to leverage the crypto market adoption in Africa which has taken effect to touch down in South Africa. The Roqqu platform poses as an assessable network for a seamless transaction and processes cross-border crypto exchange — a cross-border transaction between Nigerians and South Africans is a no-brainer.
Roqqu’s head of product, Israel Ololade, confirmed the expansion towards the South African axis based on the analysis and research compiled about the target market. Ololade said that millions of South African natives hold digital assets which makes his expansion scheme an ideal move to impact more South African natives to embrace cryptocurrency via the Nigerian crypto exchange platform.
In Africa, South Africa is enlisted amongst the digital market to have adopted the crypto market and its tokens for exchange. This update about cryptocurrencies and their usage in South Africa was included in Ololade’s report. He continued to describe his expansion scheme as the biggest move the African digital ecosystem has recorded – for a crypto exchange start-up to cross the border from one significant market to another.
Roqqu’s crypto exchange app is currently available for the South African population to download as the region is approved for cryptocurrency exchange. Aside from exchanging digital assets, Roqqu is also designed to function as an electronic payment Infrastructure built to lead innovation within its existing market.
For context, Roqqu users in South Africa and Nigeria do not need to integrate a third-party payment platform to access remitting cash aside cryptocurrencies. However, TechBooky Africa has recorded two Nigeria FinTech start-ups to cross the border in the name of expansion including Roqqu and Flutterwave.