Coinprofile Listing Enhances Living on Dash in Nigeria

Home » News » Coinprofile Listing Enhances Living on Dash in Nigeria
August 19, 2020 by
Coinprofile Listing Enhances Living on Dash in Nigeria

Coinprofile has listed Dash making it possible for users to directly send Dash to local bank accounts in Nigeria at no fee.

Lagos — August 19, 2020​ ​—​ ​Dash​, the top digital currency for payments and e-commerce, announced it has partnered with Coinprofile, a Nigerian based cryptocurrency payments company, with a user-friendly platform that allows merchants and normal users to do direct crypto to fiat conversions.

Coinprofile​ adding Dash to its platform, gives users access to Dash features that allow transactions to take place instantly with zero fees. This will enhance the user experience when purchasing goods and services. Transactions are converted into local national currency giving the merchant the ability to continue to accept Dash payments without the risk of volatility.

Users can now convert their Dash into Naira without having to pass through exchanges. Users can also purchase goods and services online with Dash on platforms that accept bank deposits. The largest use case is remittances to Nigeria (and other regional markets) from anywhere in the world. Remittances in the continent currently face high-fees and can take several days depending on the method of transfer.

Existing fintech platforms charge an average of 15% or more. Coinprofile​ integrated Dash’s InstantSend feature which makes it possible for transactions to be received in a second, an obvious edge over bitcoin transactions.

Many have pointed to markets in Sub-Saharan Africa, as having many clear use cases and advantages for cryptocurrency to solve inefficiencies and lower costs around remittances and payments. However, few major cryptocurrency projects have worked on adoption there due to several reasons, including the difficulties in navigating the complexities within the continent. Dash’s DAO model enables local teams to support the network, which enables a global-local approach in market entry and growth.

“This is an amazing one for Dash, said Nathaniel Luz, Lead Dash Nigeria. “The partnership with ​Coinprofile​ provides Dash users with the ability to live 100% with a ready-to-go scaleable ecosystem to expand our presence in Nigeria and soon after, the rest of Sub-Saharan Africa. Coinprofile is providing its users with the best possible Dash experience, using InstantSend to quickly complete purchases. Their solution makes it easy for merchants to accept Dash while reserving the option to receive fiat.”

We added Dash because of the speed and 0 transaction fees. These two features of Dash are essential to why we started ​Coinprofile​ – To remove high remittance fees and make transactions lighting fast. So adding Dash was a no brainer for us. With Dash, we are scaling our platform to thousands of Dash users around the world, who can now send money back home and receive payments with a fast, and easy to use UX. UX that’s hard to find in the crypto space. 

Said Bashir Aminu, founder of Coinprofile as to their reasons for adding Dash.

About Dash

Dash​ is digital cash designed to offer financial freedom to everyone. Dash allows millions of individuals across the globe to carry out instantly re-spendable and secure transactions, with near-zero fees. Built to support real-life use cases, Dash is the leading decentralized payment

solution: it is accepted at merchants globally, accessible via 1,600+ ATMs and 100+ exchanges worldwide. Dash has pioneered groundbreaking features including a two-tier network with incentivized nodes and decentralized project governance (Masternodes), instantly settled payments (InstantSend), instantly immutable blockchain (ChainLocks) and more. The Dash Network’s development is supported by Dash Core Group, the largest organization funded by the Dash Treasury, which supports and nurtures the continued worldwide development and integration of Dash. For more information, visit https://www.dash.org/ or follow the organization on Twitter @DashPay.

About Coinprofile

Coinprofile​ is a platform primarily built to improve the user experience in cryptocurrency to fiat transactions. Normally, cryptocurrency users have to deposit their cryptocurrency in an exchange wallet, sell for fiat and withdraw to their local bank accounts. With Coinprofile users send their cryptocurrency to an address and the equivalent is sent to their preferred bank accounts. For more information, visit https://www.coinprofile.co or follow on Twitter @Coinprofiledev.

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement
Newsletter
Advertisement
© Copyright 2018 Coinstituency. Risk Disclosure: Coinstituency will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Cryptocurrency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. Coinstituency would like to remind you that the data contained in this website is not necessarily real-time nor accurate, meaning prices are indicative and not appropriate for trading purposes. Therefore Coinstituency doesn’t bear any responsibility for any trading losses you might incur as a result of using this data. Coinstituency may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.