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Nigerian Crypto Exchange Roqqu Gets European Union Virtual Currency License – Regulation Bitcoin News

The Nigerian crypto alternate Roqqu lately introduced that it obtained a digital foreign money license that permits it to supply its companies in 28 European international locations. Based on Israel Ololade, the pinnacle of product at Roqqu, the European Union license “aligns with the brand’s drive to become the number one blockchain and crypto company globally.”

Crypto Adoption Lags Behind in Europe

The Nigeria-based cryptocurrency alternate Roqqu was lately granted a European Union (EU) digital foreign money license, enabling it to supply its companies to customers in 28 European international locations, an announcement launched by the agency has stated. The license permits Roqqu customers, together with non-Nigerians, to commerce digital currencies in addition to to take part within the non-fungible token (NFT) market.

Based on the assertion, the crypto alternate’s EU license means Roqqu is among the first digital asset alternate platforms from Africa to broaden into Europe. In an announcement, the Nigerian crypto alternate additionally shared a couple of causes which influenced its resolution to hunt a Eurozone license.

“In our research, we found that Europe needs to catch up in terms of its global average of cryptocurrency adoption. They crawl globally with an average of 27%. European crypto exchanges come with more complicated user interfaces and high fees, making it difficult for early traders to participate in crypto as much as they want,” the assertion stated.

In a current interview with Bitcoin.com News, the crypto alternate’s CEO Benjamin Eseoghene advised the choice to broaden into Europe was been influenced by customers who requested Roqqu to contemplate making its companies “available to their friends and family members who live and study abroad.”

In the meantime, Israel Ololade stated the EU license “aligns with the brand’s drive to become the number one blockchain and crypto company globally.” As well as, Roqqu’s enlargement into Europe opens a channel that permits Nigerians within the diaspora to seamlessly ship remittances to household and mates in Nigeria, Ololade added.

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, creator and author. He has written extensively concerning the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.

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