Club Swan offers an alternative solution to buy crypto in Africa

Unfortunately, it becomes too normal to fall foul of your bank when purchasing cryptocurrency via fiat using bank transfers or your debit card. Bank accounts can be frozen, transactions delayed, and problems can arise with the intent and destination of funds.

Club Swan (https://ClubSwan.com/en-za/) is a leading innovative service that has brought a secure and reliable solution to the African crypto community. This business has played a vital role especially in South Africa which accounts for the majority of the demand for Bitcoins in the region. The company specializes in buying, selling crypto and allowing customers to spend Bitcoin as fiat using their debit cards around the world, eliminating the need for a bank to buy, sell, and spend money. cryptocurrencies.

With crypto generally being used as a hedge against inflation and currency devaluation in Africa, the demand for the use of cryptocurrencies is evolving more and more as a means of international transactions and savings on international exchange fees. Recognizing these challenges, Club Swan offers multiple currency accounts, the ability to trade in multiple fiat currencies typically 4-8% cheaper than Main Street banks, as well as the ability to transfer your cryptocurrency to others. external wallets through their platform.

As a regulated and accountable organization by the FCA, the KYC process is concluded on all clients which in most cases is executed quickly, in less than 30 minutes, giving clients the opportunity to buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Tether, BAT, Paxos, USD Coin and EOS using USD, GBP, EUR, CNY and JPY accounts with over $ 1 billion in transactions through the platform.

The crypto concierge service offered by Club Swan allows businesses and busy individuals to access 24/7 concierge professionals where all requests, large or small, are handled with care and efficiency. Whether it’s renting a private jet for business travel during the COVID-19 pandemic, moving to a different city or country, the concierge service is here to help.

With the impending South African budget on 24^e In February, there is a growing focus on diversifying savings and investing in alternative assets such as cryptocurrencies in order to mitigate the risk of a potential devaluation of the Rand (ZAR).

“From September 2020 to January 2021, we saw a 310% increase in transactions for our South African customers,” says Martin Lamming, CCO Club Swan.