BusinessDay’s annual blockchain conference, a key event in Africa’s digital development, will take place on September 11, 2024, at the Radisson Blu in Victoria Island, Lagos. This year’s theme, “Building Africa’s Future: Harnessing Blockchain for Social and Economic Transformations,” emphasizes the significant impact blockchain technology can have on the continent’s growth. The conference presents a unique opportunity for industry leaders, innovators, and policymakers to collaborate and explore the transformative potential of blockchain across Africa.
Quidax: A Pioneering Sponsor
One of the major sponsors of this landmark event is Quidax, an innovative cryptocurrency exchange that was founded in Africa. Quidax recently made headlines as the first cryptocurrency exchange in Nigeria to receive a license from the Securities and Exchange Commission (SEC). This achievement marks a significant milestone for both Quidax and the Nigerian cryptocurrency industry, indicating formal recognition and regulatory oversight in the sector.
Quidax’s SEC License: A Game Changer
Quidax received a provisional operating license from Nigeria’s SEC as a Digital Assets Exchange, placing it at the forefront of the country’s emerging crypto landscape. This move reflects Nigeria’s increasing acceptance and regulation of digital currencies. It sets a standard for other companies in the industry.
Buchi Okoro, co-founder and CEO of Quidax, expressed pride in sponsoring BusinessDay’s blockchain conference for the second time. “Quidax is deeply committed to driving innovation and the adoption of blockchain technology in Nigeria,” Okoro stated. “Our goal is to connect with industry leaders and foster collaborative opportunities that will advance the future of digital finance. We are excited to engage with other leaders at the conference and inspire further innovation in the field.”
Expanding Reach and Services
Since its launch in 2018, Quidax has rapidly expanded its customer base to over 70 countries. The platform provides a range of services, including buying, selling, storing, and transferring cryptocurrencies and offering over-the-counter (OTC) trading services. Additionally, Quidax has developed a dedicated crypto application programming interface (API) that allows fintech companies to offer cryptocurrency services to their customers, thus broadening its influence in the market.
Strengthening the Nigerian Crypto Ecosystem
The SEC license is a significant milestone for Quidax and the broader Nigerian cryptocurrency market. It not only affirms Quidax’s compliance with regulatory standards but also boosts investor confidence in the Nigerian crypto ecosystem. “At Quidax, our customers are our top priority. Every decision we make is aimed at ensuring that our customers can transact on our platform quickly, safely, and with confidence,” Okoro stated. “We commend the SEC for bringing order, confidence, and investor protection to our industry. This is a historic moment for Nigeria’s embrace of crypto, and we are proud to be a part of it.”
Looking Ahead: Collaboration and Innovation
Okoro also emphasized the importance of collaboration between Nigerian regulators and industry stakeholders in developing guidelines that encourage innovation and build trust within the growing crypto ecosystem. With the SEC license, Quidax is now positioned to collaborate with financial institutions, pending approval from the Central Bank of Nigeria (CBN), further enhancing trust and protection for crypto enthusiasts in the country.
A Platform for Progress
The upcoming BusinessDay blockchain conference will provide Quidax with a platform to demonstrate its commitment to innovation, security, and regulatory compliance. The event is expected to facilitate meaningful discussions and collaborations, addressing both the challenges and opportunities associated with blockchain technology in Africa.
A Vision for Africa’s Future
Quidax’s sponsorship and active participation in the conference highlight the crucial role that regulated cryptocurrency exchanges can play in promoting financial inclusion, governance, and transparency across the continent. As Africa stands on the brink of a technological revolution, Quidax is at the forefront, shaping a future where blockchain technology drives socio-economic transformation and growth.
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