A Lagos-based bitcoin exchange startup, BitStake, says it will soon make its digital financial services available in the country via its website,

BitStake is a crypto technology company with services that include bitcoin exchange to and from naira denominations, one percent remittance fee on transfers, peer-to-peer lending marketplace, acquisition of loans by individuals/businesses and other financial services.

“For so long, Nigerians and Africans in general have been cut off from the advanced financial technology. With Bitcoin, we have a chance to connect with a global network of decentralized payment system with instant deposit to anyone across the world”, said David Ajayi, Co-founder Bitstake.

BitStake’s services is similar to that of Nairobi-based BitPesa that launched last year. Transactions can be conducted via regular internet access or SMS, with multiple levels of verification such as pin requests, password and two-factor authentication and a database secured with SHA-256 rounds of security.

BitStake says it is currently beta testing.

Photo Credit: btckeychain via Compfight cc

Olumuyiwa Coker Author

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