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Roqqu receives virtual currency licence to operate in 28 European countries

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Indrani bose Follow

INDIA

Jan, 06 2023

Jan, 06 2023

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Roqqu, a Nigerian cryptocurrency exchange receives a virtual currency licence from the European Union to operate in 28 European countries. Roqqu users who are even non-Nigerians, can now trade digital currencies and participate in the non-fungible token (NFT) market due to the licence. The European Union licence enables the brand's goal of becoming the world's leading blockchain and crypto enterprise. The crypto exchange's EU licence makes Roqqu one of the first African digital asset exchange platforms to extend into Europe.


The Nigerian crypto exchange Roqqu also disclosed a few reasons that drove its decision to pursue a Eurozone licence in a statement.


Users who urged Roqqu to consider making its services available to their friends and family members who live and study overseas were one of the reasons for the decision to expand into Europe. 

Furthermore, Roqqu's growth into Europe creates a channel for Nigerians in the diaspora to send remittances to family and friends in Nigeria.

 

Additionally, in these nations crypto-curious consumers showed a willingness to learn more about the blockchain area or make their first purchase. But there has been a lack of required assistance in locating a simple exchange to further cultivate their interest. According to some findings, Europe needs to catch up to the global average of bitcoin usage. They crawl at a rate of 27% on a worldwide scale. According to the statement, European crypto exchanges have more confusing user interfaces and higher fees, making it harder for early traders to participate in crypto as much as they wish.


With these considerations in mind, the Roqqu team chose to expand and is currently making "BIG MOVES" as the first Nigerian-based Crypto exchange, boosting crypto acceptance in 28 European nations.


One of Roqqu's most important aims is to drive Blockchain and Crypto adoption by making almost every service in the crypto and blockchain sector available to individuals of all demographics through their simplified All-in-One App. It is a cryptocurrency exchange programme that allows users to buy, sell, and swap cryptocurrency in milliseconds. The Roqqu app not only allows users to engage in the NFT market, but also to make and collect payments, utilise virtual cards, deposit and withdraw fiat effortlessly, and even earn passive income through a referral incentive. 


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Indrani bose

CBW - External Analyst

INDIA

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