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YDPay, a digital asset platform dedicated to making cryptocurrency access and transactions easier throughout Africa, has broadened its payment services after the successful release of its mobile apps, according to a statement issued by the company on Monday.

As per YDPay, the platform was introduced to address the growing need for smooth crypto-to-fiat transactions, international payments, and currency exchange in developing markets. “YDPay has established itself as a reliable infrastructure foundation for individuals, businesses, and organizations looking for quick, safe, and regulated digital asset and stablecoin options,” the statement mentioned.

The company mentioned that Nigeria continues to be one of the most dynamic cryptocurrency markets, fueled by a young, tech-oriented population and increasing need for global financial solutions. “Built with these factors in mind, YDPay focuses on speed, user-friendliness, and compatibility with both local and international banking systems,” it stated.

YDPay mentioned its strategic entry into West Africa, mainly in Nigeria, enables users to deposit digital currency, exchange assets, and withdraw money directly to local bank accounts, eliminating the usual challenges linked with international transfers and crypto liquidity. “The platform provides quick settlements and favorable rates,” the company stated.

The company mentioned that the platform serves a wide array of users, including newcomers to cryptocurrency, seasoned traders, high-volume clients, small and medium businesses, and institutions looking for affordable and efficient digital financial services.

“YDPay’s offerings consist of a cryptocurrency-to-fiat on-ramp and off-ramp, enabling users to transform digital currencies into local money and transfer funds directly to bank accounts, with intentions to add mobile money integration soon,” it mentioned.

YDPay also mentioned that the platform enables immediate cryptocurrency exchanges among leading digital currencies for individual users. Meanwhile, its corporate trading vault offers safe trading solutions for large-volume clients and organizations, providing extensive liquidity, personalized assistance, favorable rates, and secure transactions. “Our wallet system is built with robust security, adherence to regulations, and effective risk control to safeguard user assets,” the company stated.

The organization functions within a strong regulatory system, possessing an MSB license in Canada and actively seeking VASP licensing from the Nigerian Securities and Exchange Commission.

In the coming period, YDPay mentioned its intention to enhance its infrastructure, broaden collaborations, and launch additional features to boost speed, cost-effectiveness, and ease of access. “Future projects involve more extensive integration with merchants, a YDPay card program, improved API options for businesses, and community-focused campaigns aimed at informing users about secure and effective cryptocurrency use,” the statement noted.

“Following these advancements, YDPay is gradually establishing itself as a significant participant in Africa’s growing fintech and Web3 sector,” the company stated.

Provided by SyndiGate Media Inc.Syndigate.info).