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0 sats \ 13 replies \ @KenyaCoin OP 17 Mar 2022 \ on: FTX partners African payment company, AZA Finance to grow Web3 economy in Africa | Nairametrics bitcoin
Another article on the announcement:
Given the emerging nature of the web3 space, regulatory clarity is still lacking in many jurisdictions in Africa. Commenting on the problems posed by this situation, Elizabeth Rossiello, founder and CEO of AZA Finance, told The Block that her company continues to work closely with state agencies on the continent.
“We have stringent controls and are licensed now by central banks and Financial Conduct Authorities on three continents. We are looking forward to partnering with FTX to further expand its presence in Africa. Our strategy is to work closely with all regulators to ensure that any work in the African market in this regard is fully compliant and in the best interest of African users,”
FTX partners with African payments company AZA Finance to boost web3 adoption
https://www.theblockcrypto.com/linked/137999/ftx-partners-with-african-payments-company-aza-finance-to-boost-web3-adoption
https://archive.ph/snDYj <-- Archive of the article from The Block, which might be easier to read
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Here's the Press Release:
Offering cutting-edge FX, payments, and financial services, AZA Finance has expanded to 10 African markets to date, executing more than £200 billion in global transactions across 115+ countries and 300+ currency pairs. Last year, AZA Finance further expanded with its most recent acquisition of South African payments company Exchange4Free – making the company the largest non-bank provider of currency exchange in Africa.
Together the companies will work to expand Web3 in Africa in five key ways:
- Connect African markets to the global Web3 economy by building vital infrastructure
- Create pathways for African users to participate and learn about the Web3 economy including educational resources & networking opportunities
- Make it easier than ever to deposit and pay out in African currencies on FTX.com, including mobile money and local bank account integrations
- Launch African currency and digital currency trading pairs
- Onboard African NFTs and artists to the FTX NFT marketplace
"As one of Africa’s first fintechs, operating for over 8 years with a team of more than 200 people from Dakar to Lagos to Kampala, we have the deepest knowledge on how to build a truly continental platform."
FTX Announces Partnership With AZA Finance To Expand Web3 In Africa
https://azafinance.com/aza-ftx-partnership
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The video that accompanied the press release:
FTX Announces Partnership with AZA Finance to Expand Web3 in Africa
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An article from Bloomberg:
In 2018, almost half of the world’s mobile money accounts were in Africa, the companies said.
Crypto Exchange FTX Partners With Kenya Firm to Expand in Africa
https://www.bloomberg.com/news/articles/2022-03-16/crypto-exchange-ftx-partners-with-kenya-firm-to-expand-in-africa
https://archive.ph/z7tU9 <-- An archive, which may be easier to read
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And an article from CoinDesk:
The agreement was announced a day after FTX Europe said it became the first firm to receive a license to operate a crypto exchange in Dubai.
The companies plan to attract local NFT (non-fungible token) projects and artists to the FTX NFT marketplace.
FTX Boosts Global Presence With AZA Finance Link in Africa
https://www.coindesk.com/business/2022/03/16/ftx-strengthens-global-presence-with-aza-finance-link-in-africa
https://archive.ph/zMZnH <-- An archive, which may be easier to read
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We support multiple currencies AZA Finance facilitates FX, Payments & Treasury services directly between the following currencies:
- AED 🇦🇪
- EUR 🇪🇺
- GBP 🇬🇧
- GHS 🇬🇭
- JPY 🇯🇵
- KES 🇰🇪
- MAD 🇲🇦
- NGN 🇳🇬
- USD 🇺🇸
- UGX 🇺🇬
- XOF
- ZAR 🇿🇦
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