Last updated on February 13th, 2020 at 12:24 pm
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Remittance Service in Nigeria.
Lagos, January 17, 2020. Sending remittances to Nigeria cost just 1% with Dash
Dash, the top digital currency for international payments and remittance service, today announced a partnership with Bitfxt Exchange, a top Nigerian exchange to offer Dash remittances to Nigerians at a lower fee of one percent.
High cost of transaction and delays from traditional money transmitters is of one the international money transfer issues been faced by users for years.
A PwC report estimates that in 2018, migrant remittances to Nigeria equaled US$25 billion, representing 6.1 percent of GDP. This also represents 14 percent year-on-year growth from the $22 billion receipt in 2017. It’s notable that diaspora remittances to Nigeria exceeded oil earnings in 2018.
Remittance service through dash cryptocurrency will see the recipient receive dash and convert it to naira at a fee of one percent for volumes of $200 and above, & 2% for volumes less than $200. Senders can get dash at coinbase, uphold, or Dash atms.
According to Nathaniel Luz, Lead of Dash Nigeria, this reiterates the commitment of Dash to be an everyday digital cash people could use, mostly in the areas of remittance and international payments.
Dash is necessary for developing economies like Nigeria, as existing financial services in the remittance service sector charge high fee on their users. Recent research shows that people spend as high as 30 percent on remittance services to Nigeria through giftcards on Paxful.
Bitfxt Ceo, Franklin Odoemenam, believes that this is in line with the vision of Bitfxt, to be the leading crypto infrastructure company in Africa connecting Africa to the world.
There’s no other way to grow adoption than the daily use of crypto and that is what this partnership does. It is opening up thousands of new people to crypto for a better money remitting service experience.
About Dash Cryptocurrency
Dash is digital cash, allowing millions of individuals, as well as thousands of merchants and businesses across the globe to carry out blazingly fast, secure transactions for less than a cent. A good option for remittance service in Nigeria.
A top ranked cryptocurrency, with a market cap of over $1.14 billion USD and the rising alternative to bitcoin. Dash is accepted by thousands of merchants globally boosting its remittance service. It is accessible via 700+ ATMS and 90+ exchanges worldwide, making it one of the few offering safe decentralized solutions.
For more information, visit dash.org or follow the organization on Twitter @DashPay.
About BITFXT Exchange.
Bitfxt Exchange is a top, African, hybrid, Cryptocurrency Exchange. The cryptocurrency exchange has been the top choice in Nigeria, due to its ever increasing innovation.
It has listed many cryptocurrencies offering users with numerous coins to trade from. It also has an easy to use interface, and a currency swap feature.
This feature enables non traders and those not willing to trade always, to trade with ease. The exchange can also process a large volume of transactions with ease.
For more information, visit bitfxt.com. Follow on Twitter/Instagram/Facebook/LinkedIn: @bitfxt
About The Author
Tony Chimdiuto 
Ekenedilichukwu