Crypto believers in Nigeria find renewed faith through Zap Africa's efforts, combating reputation threats simultaneously.
In the dynamic world of cryptocurrency, Zap Africa stands out as a decentralised, non-custodial platform that empowers users to take control of their digital assets. Founded by Benjamin Oyemonlan, also known as Trillbjm, the platform has strategically navigated Nigeria's complex regulatory landscape, reducing custodial risks for its users.
Zap Africa operates as a decentralised exchange, allowing users to retain full control over their funds, a significant departure from centralised exchanges that can be vulnerable to hacks or regulatory seizures. This user-controlled custody model aligns with common non-custodial benefits, where users do not surrender custody of assets to intermediaries.
The platform prioritises secure, borderless access to digital assets, ensuring users can transact safely across jurisdictions without compromising control or financial sovereignty. Trillbjm, with extensive experience in fintech and digital finance, has leveraged his expertise and consulting background (via BJM MULTISERVICES) to help Zap Africa and other startups understand and comply with evolving regulations in Nigeria and internationally.
Zap Africa’s integration within a broader set of ventures like Platnova, which offers multi-currency wallets and global payment solutions, positions it well to handle Nigeria's dynamic regulatory environment, especially regarding cross-border transactions and currency swaps. This diversification mitigates risks associated with regulatory constraints on crypto and fiat operations in Nigeria.
Since its launch, Zap Africa has processed ₦20 billion (nearly $12.5 million) in transactions and has more than 50,000 signups, with at least 12,000 active users monthly. The platform's focus on security, accessibility, and regulatory navigation has contributed to its growth and success in Nigeria's burgeoning crypto market.
In a bid to protect its brand, Zap Africa has applied for and received approvals for trademark registrations in Nigeria. The startup intends to pursue legal action to assert its exclusive rights to the name.
Zap Africa's decentralised design, user-controlled custody, and experienced leadership have been central to effectively managing Nigeria’s regulatory complexities and reducing custodial risk for users engaging in cryptocurrency and fiat swaps. As the crypto industry continues to evolve, platforms like Zap Africa are set to play a crucial role in shaping the future of digital finance in Nigeria.
- Zap Africa, a decentralized and non-custodial platform founded by Benjamin Oyemonlan, has strategically navigated Nigeria's complex regulatory landscape, reducing custodial risks for its users who engage in cryptocurrency and fiat swaps.
- The platform's user-controlled custody model, a departure from centralized exchanges, aligns with common non-custodial benefits, where users do not surrender custody of assets to intermediaries.
- With extensive experience in fintech and digital finance, Trillbjm has leveraged his expertise and consulting background (via BJM MULTISERVICES) to help Zap Africa and other startups understand and comply with evolving regulations in Nigeria and internationally.
- Zap Africa's integration with ventures like Platnova, which offers multi-currency wallets and global payment solutions, positions it well to handle Nigeria's dynamic regulatory environment, especially regarding cross-border transactions and currency swaps.
- Since its launch, Zap Africa has processed ₦20 billion in transactions, with at least 12,000 active users monthly, showcasing its growth and success in Nigeria's burgeoning crypto market.
- In a bid to protect its brand, Zap Africa has applied for and received approvals for trademark registrations in Nigeria, and intends to pursue legal action to assert its exclusive rights to the name in the competitive African fintech industry.
