Bitzlato (BZ), the latest P2P Crypto Exchange to enter the African market, has added Lemonade Finance, a borderless payment platform for Africa as a payment method to its platform.
Lemonade Finance provides a 100% digital payment experience for Africans to seamlessly participate in the global economy from anywhere in the world without any hassle or regardless of where they are from.
The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.
Users in Nigeria will now be able to send Nigerian Naira (NGN) to MPESA at 0% transaction fee.
“We are excited to partner with such an innovative company like Bitzlato to connect more Africans through payment.
“Many Africans living on the continent face many difficulties when making payments as remittance companies charge high fees and are time-consuming.
“We are now providing our users with a cost-effective way of sending money to Ghana, Kenya, the UK and Europe.” Ridwan Olarere, CEO, Lemonade Finance, said.
Commenting on the opportunities this provides to crypto traders on the BZ platform, Mike Lunov, CEO, BZ, said “This partnership will provide a much-needed gateway that enables the markets we serve to seamlessly interact with each other in a borderless and open environment.
“We seek to break the barriers that presently exist for cross border transfers and enable our users to generate value through the opportunities that accrue from cryptocurrencies trading. The innovation exhibited by the Lemonade platform, and the brilliance of its team assures users of top-notch, secure and reliable transfers going forward.”
According to BZ, during the first month, BZ will refund commissions in manual mode while using Lemonade Finance, but this will be automated at the end of this period.
Following this partnership, BZ is now looking to partner with merchants in the crypto space especially in Nigeria, Ghana, South Africa that have a steady flow of Nigerian Naira (NGN) to increase liquidity on the platform.
