Nigerian cryptocurrency firm Coinazer, which has already served 5,000 users, and processed transactions totaling over $3.8 million, has expanded to Brazil and has plans for more expansion.
Coinazer was established in April 2022 by CEO Achigonye JohnPaul, Egbuonu Ikenna, Malachi Chidera, and Nnaji Joshua with the goal of empowering people and organizations by giving them safe, simple, and affordable access to the world of cryptocurrencies and blockchain technology.
According to JohnPaul, over 5,000 people and companies are aware of the platform’s value, and their trust is reflected in the impressive transaction volume. JohnPaul noted that the most recent expansion was a significant step in its efforts to reach a broader audience.
“We have forged partnerships with over 40 key players in the blockchain and fintech industries. These partnerships enable us to enhance our services, expand our reach, and collaborate with like-minded organisations dedicated to advancing financial inclusivity,” he said.
“Coinazer’s expansion strategy extends beyond Nigeria and Brazil, as we aspire to become a globally recognised leader in digital remittances and blockchain-based financial services.”
While Coinazer offers a platform for users to purchase, sell, and trade a broad variety of cryptocurrencies, its wallet is made to provide customers with total control over their digital assets. It is a catalyst for change in the financial industry, according to JohnPaul.
JohnPaul asserts that the platform provides an ecosystem that combines the strengths of cryptocurrencies, blockchain technology, financial inclusivity, security, and professional support to build a better financial future for both individuals and businesses, especially in places where traditional banking services may be scarce.
“Coinazer’s vision goes beyond itself; it imagines a world where everyone has the chance to participate in the international financial system with confidence and control, including the seamless settlement of remittances, both locally and internationally.”
Coinazer wants to be the opposite of the many cryptocurrency wallets and exchanges that have exorbitant fees, transaction failures, and restricted accessibility. It seeks to lower costs while boosting security, accessibility, and dependability.
Coinazer, which received its initial funding from an angel investor, is now in the pre-seed stage and has “ambitious” intentions to advance and broaden its product offerings. It has already handled transactions on and off ramps totaling more than $3.8 million.
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