VALR started its operation in Zambia
VALR, Africa’s largest crypto exchange, has arrived in Zambia, this will allow Zambians to buy and sell Bitcoin (BTC) and USD Coin (USDC), as well as other cryptocurrencies directly using the Zambian Kwacha.
Thus far,ZAR pairs have seen a cumulative trading volume of over R167bn ($10bn) and VALR is expanding to the Zambian market with BTC/ZMW & USDC/ZMW trading going live. VALR launched in 2019 and claims to have over 250,000 retail customers and 500 institutional clients, most of whom are located in South Africa.
Zambian customers will now be able to deposit & withdraw Kwacha (ZMW) seamlessly from their Zambian bank account to their VALR account. All customers have access to the 60+ cryptocurrencies already available on VALR.
In october,VALR, has partnered with the United Africa Blockchain Association (UABA) to advance blockchain technology across the continent. The move is another step forward toward VALR’s vision of a financial system that recognises the oneness of humanity.
United Africa Blockchain Association (UABA) is a non-profit organisation formed for the promotion of blockchain technology in Africa, with the aim of creating partnerships and networks that deliver on life-changing blockchain projects. Based in Lusaka, Zambia, the mission of UABA is to unify the African blockchain ecosystem toward goals including financial inclusion, skills development and the alleviation of poverty.
“VALR is passionate about supporting and enabling the crypto ecosystem, particularly in Africa where we play a critical role in bridging the traditional financial infrastructure to new crypto rails,” explains Blake Player, VALR’s head of international expansion.
VALR offers its customers the ability to safely buy, sell and store Bitcoin and 60 other cryptocurrencies—the widest selection of any platform in Africa—at some of the lowest fees in the world. VALR has processed over $7.5 billion (R115 billion) in trading volume since its launch in 2019 and now serves over 250,000 retail customers and 500 institutional clients from across the globe.