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The Growth Unlocks a Compliant Engine for Companies and Fintechs to Transfer Worth Throughout Africa and Past
LAGOS, Nigeria, July 28, 2026 /PRNewswire/ — Quidax, the primary digital belongings alternate to obtain a provisional licence from Nigeria’s Securities and Change Fee (SEC), in the present day introduced the growth of its stablecoin infrastructure to greater than 21 nations and 14 currencies, enabling startups, fintechs, and international enterprises to maneuver worth seamlessly throughout Africa and key worldwide markets.
Africa loses an estimated $5 billion yearly to cross-border fee charges and inefficiencies. When a enterprise in Accra, Ghana pays a companion in Durban, South Africa by conventional channels, that fee is routed by a correspondent financial institution in Europe, a journey that may take as much as 7 days and prices as much as 13% of the transaction worth, greater than twice the worldwide common of 6%.
Quidax addresses this straight. Its compliant infrastructure settles cross-border funds in beneath 48 hours with no correspondent financial institution concerned, at a value beneath the worldwide common and in keeping with the G20 and UN Sustainable Improvement Objective goal of 5%.
“Africa is residence to the world’s fastest-growing economies, but people and companies pay an ‘African border levy’ each time they transfer cash throughout the continent,” mentioned Buchi Okoro, CEO and Co-Founding father of Quidax. “Our compliance-first stablecoin infrastructure was created to take away that levy and convey us nearer to a world with zero monetary borders.”
Nigeria’s first SEC-licensed digital belongings alternate, Quidax is one among a choose few exchanges working beneath direct securities regulation in Africa and is actively increasing its licensing footprint throughout strategic markets.
The infrastructure helps key African markets together with Nigeria, Ghana, Kenya, Tanzania, Rwanda, South Africa, Ethiopia, Cameroon, and Côte d’Ivoire, and extends past the continent to Canada, China, the United Arab Emirates, the UK, the USA, and several other European nations. The rails help USDT, XAUT, USAT, and different main stablecoins, in addition to 14 native and worldwide currencies together with Naira, Cedi, Central African and West African CFA francs and US Greenback.
Powering greater than 5,000 startups and enterprises throughout funds, remittance, gaming, banking, and extra, Quidax counts Tether, the world’s largest stablecoin issuer, and Chainalysis, the worldwide commonplace in blockchain compliance, amongst its companions.
About Quidax
Quidax is an African-founded digital belongings alternate serving people, startups, fintechs, and enterprises. Its unified engine makes sending worth inside Africa and past as straightforward as sending a textual content message, powered by an orderbook alternate, an OTC desk, and white-label stablecoin and digital asset APIs, supporting 14+ currencies throughout 21+ nations. Go to www.quidax.io.
