Nigerian Cryptocurrency Startup Coinazer Expands to Brazil

Nigerian crypto startup Coinazer is making big strides in the world of cryptocurrencies. It has expanded to Brazil and has more expansion plans in the pipeline.

Coinazer’s goal is to empower individuals and businesses by offering them a secure, easy, and cost-effective way to access cryptocurrencies and blockchain technology. They have a user-friendly wallet that puts users in control of their digital assets and a platform for buying, selling, and trading various cryptocurrencies.

Since its launch in April 2022 by CEO Achigonye JohnPaul and co-founders Egbuonu Ikenna, Malachi Chidera, and Nnaji Joshua, Coinazer has gained 5,000 customers and processed transactions worth over $3.8 million.

According to JohnPaul, Coinazer is more than just a company; it’s a force for change in finance. They aim to bring the benefits of cryptocurrencies and blockchain technology to regions with limited traditional banking services.

JohnPaul added that: “Coinazer’s vision extends beyond itself; it envisions a world where everyone has the opportunity to participate in the global financial landscape with confidence and control, including the seamless settlement of remittances, both locally and internationally.”

Coinazer is committed to reducing fees, enhancing security, and increasing reliability for users. They aim to address market gaps and offer a holistic solution that combines blockchain technology with financial inclusivity.

The company started with funding from an angel investor and is now in the pre-seed phase with ambitious plans for further development.

Coinazer has expanded to Brazil and formed partnerships with 40 key players in the blockchain and fintech industries, allowing them to enhance their services and reach a broader audience.

Coinazer’s expansion strategy extends beyond Nigeria and Brazil as they strive to become a global leader in digital remittances and blockchain-based financial services.

Hi, I’m Damife Isaac

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