Neobank Be Cellular Africa has introduced the launch of a crypto buying and selling platform which can permit allow people in South Africa to purchase and commerce cryptocurrencies equivalent to Bitcoin (BTC), Ethereum (ETH), Solana (SOL) in addition to USD stablecoins equivalent to USDC utilizing South African rands (ZAR).

Regardless of the challenges confronted by the tech business and the crypto market in 2022, Be Cellular Africa, which launched in South Africa final yr claims to have skilled important development in person registration.

In keeping with Dr. Cédric Jeannot, CEO of Be Cellular Africa, “Enabling our customers to purchase, promote and maintain cryptocurrencies simply and securely is a pure evolution for us. Many native African currencies are dropping worth in opposition to the US Greenback, and accessing USD stablecoins and different cryptocurrencies is a solution to protect wealth for a lot of.”

Be Cellular Africa additionally added that the cryptocurrency buying and selling platform is bringing the battle to incumbent crypto buying and selling platform operators within the nation and in addition offering customers with a brand new and less complicated solution to entry and commerce cryptocurrencies. 

In South Africa, the place an estimated 4 million individuals maintain cryptocurrencies in line with recent data, the Canadian-born neobank will probably be competing with the likes of Luno, VALR, Kraken, amongst others.