After P2P pause, Nigeria’s Quidax turns to Lisk for regulated stablecoin rails
- Quidax has partnered with Lisk to allow users to buy USDT, USDC, Ether, and Lisk coin on its platform.
- Quidax secured a provisional crypto licence from Nigeria’s SEC in August 2024.
- The partnership enables retailers to buy, sell, and swap cryptocurrencies on Lisk’s layer-2 network with low fees.
The partnership between Quidax and Lisk represents a significant step towards enhancing the cryptocurrency landscape in Africa. By providing regulated access to stablecoins and facilitating the integration of blockchain solutions, this collaboration could drive innovation and compliance in a rapidly evolving market. However, the success of this initiative will depend on the ability of both companies to navigate regulatory challenges and foster developer engagement.
