Monierate Expands Crypto-to-Naira Rate Comparison with QuickChain Addition

Monierate has expanded its comparison of crypto-to-naira rates by incorporating QuickChain, a Nigeria-focused cryptocurrency platform. This addition allows users to compare rates from multiple providers, including Binance, Bybit, Luno, and Quidax. Monierate's data infrastructure provides live rates, historical data, and market information across the providers it tracks.

QuickChain enables users to sell cryptocurrencies such as Bitcoin, USDT, Ethereum, and others for naira, with proceeds credited to a naira wallet or withdrawn to a Nigerian bank account. The platform also offers virtual dollar cards and other services, giving users control over their cryptocurrency assets.

The significance of the Monierate listing is that it gives users another rate to consider within a broader comparison of Nigeria's fragmented currency and digital-asset market. As more providers are incorporated into comparison platforms, consumers have more information with which to assess the cost of converting foreign currencies or digital assets into naira before completing a transaction.