4Traderx Officially Enters the Currency Exchange Market

Bringing another angle to Remittance in Africa and Currency Exchange
By: 4Traderx Inc
 
ANGIER, N.C. - Jan. 6, 2022 - PRLog -- 4Traderx Inc, a currency exchange marketplace, launches its platform www.4Traderx.com. After various successful peer-to-peer transactions on their beta, the company decided to launch its website to open its services and benefits to more people in a trusted and secure way.

At conception, the company's CEO made it clear that the availability and access to foreign currencies for traders and travelers is essential to the economy of Africa and that's what 4TraderX wants to simplify. The central bank of Nigeria and most African countries are doing their best to make this happen. Still, more private companies need to support their effort to make more foreign currencies available to anyone who needs it. He believes that one of the easiest ways to do this is through remittance and that remittance can be channeled for production and not just consumption.

The CEO, Michael Ajayi, said, "Our mission is to inspire the belief that remittance can be a tool for development and not just a means of consumption, and that users should be able to set their exchange rates. We believe that remittance can serve a greater purpose than providing for our loved ones or completing our projects back home. Because the strength of most African country currencies is tied to the United States dollar, making it available to traders looking to import goods into the continent is very important. Our model makes it easy for African Traders to connect with fellow countrymen and women outside the country looking to exchange their foreign currencies for African currencies".

Yes, there are numerous options through which remittances can be made to Africa, and local traders can source foreign currencies; most have inevitable setbacks. Exchange rates are one of the major setbacks that Africans in the diaspora and traders in Africa encounter. 4Traderx allows users to set their exchange rates. Though remittance to Africa is on the rise, the World Bank in 2020 reported a high cost of sending remittance to sub-Saharan Africa while citing a 7.6% stat, and this is one issue 4TraderX aims to resolve.

4TraderX is the first peer-to-peer marketplace that allows users to set their exchange rates and other services, such as:
  • Pre-set exchange rates by users.
  • Official Peer-to-Peer Transactions
  • A bi-directional exchange where African users can buy USD or their local currencies if they have USD.
  • A 24/7 operation that ensures that users can buy and sell dollars anytime and anywhere.
  • Encrypted financial details and credentials to ensure that users enjoy a tranquil peer-to-peer trade experience.

For more information about 4TraderX Inc, visit https://www.4traderx.com and you can also find us on Facebook, Instagram (https://www.instagram.com/4traderx/), and Twitter.

Contact
Michael Ajayi
***@4traderx.com
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Tags:Currency Exchange Platform
Industry:Financial
Location:angier - North Carolina - United States
Subject:Companies
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Page Updated Last on: Jan 06, 2022



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