A new start up, led by a British Nigerian, is changing the face of currency exchange for the better.
TradeNAIRA was started with one major goal, which is to reduce the strain and stress of transferring money between Nigeria and the rest of the world. Many Nigerian businesses and individuals find it hard to get access to traditional banking services all over the world, this is a challenge for people to grow their businesses and also take advantage of the benefits of globalization.
Through TradeNAIRA, users can open a de facto bank account in the following currencies, US Dollar, GB Pounds, Euros, Bitcoin and much more. They can also perform currency exchange between all these currencies in real time.
Earlier before the introduction of TradeNAIRA, businesses and individuals had to jump through hoops and take extraordinary risks just to pay rents abroad, school fees, remit pensions to their country of retirement and many other necessary life transactions. Many people must undertake these simple but painful transactions every day.
Currently, the company serves over 45,000 users around the world, with the number of users expanding every single day. So far, TradeNAIRA has not raised any money from outside investors and is fully funded by its Founder, Martin Nwike, a businessman and entrepreneur based in London.
TradeNAIRA’s currency exchange is a market matching platform that works by matching the trade of customers who want to exchange other currencies; for example, one user wants to exchange naira to dollars and another user wants to exchange dollars to naira.
Each user enters their own preferred exchange rate to sell and when a buyer is found at the rate chosen; both the buyer and seller are matched for transaction by automatically exchanging the money and each user receives their required currency.
TradeNAIRA’s users benefit from getting a better naira exchange rate than they would get in any Nigerian or foreign bank and a much better service and confidence than they will get using the black market. The fees are lower, and users can perform large and small transactions faster and easily.
TradeNAIRA’s multi-currency wallet is a game changer for anyone working or living between countries. Opening a bank account abroad is impossible without having local credit history and a local proof of address. A borderless TradeNAIRA account can be opened within minutes. This is perfect for expats, international homeowners, freelancers, international businesses, sole-traders and many more. Users can send money to anyone in the world in any currency they want. They can easily send money to friends, customers, employees or companies any where in the world and spend the money in their wallets anywhere with ease.
For more information visit www.tradenaira.com
Media Contact
Company Name: TradeNaira
Contact Person: Martin Nwike
Email: Send Email
Phone: 44 (0)203 318 0855
Address:60 Blandford Street
City: London, W1U 7JD
Country: United Kingdom
Website: https://www.tradenaira.com/