Johannesburg, South Africa (21 May 2019) — VALR announced today that it is launching Rand (ZAR) trading to allow customers to buy and sell Bitcoin directly with Rands at VALR.com. Customers can start funding their accounts with ZAR on 4 June, while live trading will start promptly on 11 June at 11:11 a.m. local South African time.
The launch will showcase VALR’s advanced trading capability: its Exchange Buy/Sell feature. This will complement its Simple Buy/Sell feature that already allows customers to use Bitcoin or Ether to buy and sell over 50 other cryptocurrencies, representing the largest selection offered by any platform in South Africa.
“We are very excited to offer our customers the ability to buy Bitcoin with Rands with the best fees in the market by far,” says Farzam Ehsani, VALR CEO. “We take pride in the fact that in addition to providing the widest choice of cryptocurrencies in South Africa, we also have the lowest fees in the market for ZAR trading.”
VALR raised R20m in July 2018 and launched its digital-asset trading platform on 1 March this year. It is backed by former FNB CEO Michael Jordaan and US-based Bittrex, one of the largest cryptocurrency exchanges in the world. Late last year, it announced its partnership with Bittrex to offer its customers a secure, reliable and advanced trading option that is committed to compliance.
VALR’s platform uses artificial intelligence and machine learning to streamline the ID verification process, allowing new customers to be verified within minutes. It also offers an advanced application programming interface (API) that allows automated trading on the platform.
“We have invested a significant amount of time and resources into our security, compliance, design and performance to offer our customers a platform that rivals the very best in the world,” says Ehsani.
VALR is a digital-asset platform based in Johannesburg, South Africa, that allows customers to buy, sell, store and transfer cryptocurrencies seamlessly and securely. It offers a vast selection of digital assets. VALR’s mission is to help build a financial system that recognizes the oneness of humanity. Learn more at www.VALR.com.
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