The top-ranked cryptocurrency exchange in South Africa, Valr has bent his muscles at the global stage thanks to the integration of MoonPay’s Fiat on and off-ramps, making it easier than ever to buy and sell crypto in more than 180 countries.
The partnership is a big deal for Valr, expanding its support for Fiat Currencies from just one (the South African Rand) to an incredible 34, including big ones such as the US dollar and the euro, and includes both the more obscure things like the Kenyan Shilling, Nigerian Naira, Turkish Lira, Brazilian Rial and Indonesian Rupiah.
By adding more currency support, it is clear that Valr is looking to capitalize on a considerable global audience, far beyond its existing user base, primarily African crypto traders. Users also get a ton of options in terms of payment methods, and MoonPay can facilitate crypto and intercrypt transactions from Fiat via bank transfers, credit and debit cards, Apple Pay, Google Pay, PayPal, and Venmo.
Valr is a familiar name for South African crypto natives and serves as the country’s most popular and visible exchange platform. This allows users to seamlessly exchange dozens of cryptocurrencies with decentralized financing capabilities such as lending and staking in addition to basic spots, futures and margin trading, allowing users to earn passive income through digital asset holdings. It also provides a way for customers to spend Crypto in the real world through VALR pay services, and features an OTC trading portal for institutional users who need to do massive trading with Crypto whales.
In addition to advanced features, Valr also offers solid security for rocks where funds are held in combination with “hot” and “cold” wallets. This allows you to maintain sufficient funds to support your trading activities while storing a large amount of user assets on geographically distributed, stored physical hardware devices with 24/7 live video surveillance to protect against theft.
Hot Wallets utilize multi-SIG technology to prevent unauthorized access to exchange funds. Users can also implement two-factor authentication to secure their own accounts.
With an intuitive user interface and a flat rate of 0.75% on all trades, VALR offers a simple and affordable trading experience that is ideal for new crypto users, just like more experienced traders.
It dominated the South African crypto scene and gained over 1.3 million users, but today’s update shows that there are far greater ambitions now. MoonPay is one of the largest and most reliable on-ramp providers in the industry, so it helps Valr target a wider global audience and competes with some of the biggest exchanges of business, such as Binance and Coinbase.
Valr co-founder and CEO Farzam Ehsani is keen to highlight the importance of integration, saying that exchanges will be more accessible to users around the world.
“This integration will strengthen our global community with efficient access to cryptocurrency, consistent with Valr’s vision to build a financial system that reflects human unity,” he said.
Ivan Soto-Wright, co-founder and CEO of MoonPay, is enthusiastic and emphasizes that his company’s goal is to make crypto easy for everyone to access.
“This integration will strengthen our global community with efficient access to cryptocurrency, consistent with Valr’s vision to build a financial system that reflects human unity,” he said.
Special images via ShutterStock.