Facilitating smooth, seamless settlements for global businesses like gaming companies in Africa has become something of a specialty for Quidax. One of the main tools for achieving this is its highly-innovative OTC Desk solution. The company explains more here.
Estimated at US$2.14bn in 2024, the African gaming market is projected to reach US$3.72bn by 2029 (Source: Mordor Intelligence). This growth is driven by the increasing popularity of mobile gaming, improved internet access, higher smartphone usage, and the introduction of faster network connections like 5G.
In light of these trends, it’s a good time to be speaking with Ezichim Onweagba, the Head of Institutional Partnerships at cryptocurrency exchange, Quidax, a company that is making great strides in the evolution and use of crypto across the continent, and facilitating seamless cross border payments with crypto.
After El Salvador, the Central African Republic is only the second country in the world to accept Bitcoin as an official currency, signalling the growing popularity and use of crypto. We asked Ezichim about Quidax’s approach to meeting that new demand and how it plans to build into the market.
He explained: “Quidax makes it simple to buy and sell cryptocurrency. We are evolving crypto acceptance in Africa and around the world by providing a user-friendly platform for buying, selling, and trading various cryptocurrencies. Why Quidax? We provide fast transactions, we’re safe, secure and licensed, and offer 24/7 support.
“For the gaming industry in particular, our over-the-counter (OTC) Desk provides a platform to safely and securely trade high volumes and our API suite provides a crypto payment gateway for businesses.”
The firm’s OTC Desk offers a seamless business payment experience, enabling customers to trade more than $100,000 and get settled in fiat or USDT.
According to Ezichim, there are just three simple steps to access the OTC Desk service. Book a call with one of the company’s representatives, complete a quick and simple onboarding process, and trade directly into your wallet or local currency bank account.
Speaking more broadly, we asked Ezichim about some of the challenges of expanding into the African market. He replied: “Businesses are posed with challenges such as currency volatility and making cross-border payments. These challenges can hinder business operations and discourage potential investors. It has become necessary to use new and innovative financial solutions and in recent years, cryptocurrency has been adopted by a number of businesses, because, it’s really more straightforward, it’s quicker and it’s cheaper, all things considered.”
