Club Swan Offers alternative Crypto Buying Solution in Africa

Club Swan is trying to offer a secure and lasting solution to the numerous challenges such as delayed transfers and frozen banks, which crypto traders in Africa occasionally face when transacting to buy/sell cryptocurrencies via fiat using bank transfers or debit cards.

Club Swan is a top-ranking and innovative player in the African crypto ecosystem. The company has particularly played an integral role in facilitating cryptocurrency transactions in South Africa, a country famed for having majority of the Bitcoin demands in the region. Checks by Business Elites Africa showed that Club Swan specializes in the buying and selling cryptos. It also makes it possible for customers to spend Bitcoin as fiat using their debit cards worldwide cutting out the need for a bank in order to buy, sell and spend crypto.

With cryptos already used as a hedge against inflation and currency devaluation in most African countries, there is now growing shift in demand towards using Bitcoin and other cryptos as a means of exchange during international trades, thereby bypassing international exchange fees. However, this trend is plagued by numerous challenges. And having recognised these challenges, Club Swan offers customers the following:

• Multiple currency accounts
• The ability to exchange into multiple fiat currencies typically 4-8% cheaper than the high street banks
• As well as the ability to transfer your cryptocurrency to other external wallets via their platform.

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As an FCA regulated and responsible organization, the KYC process is concluded on all customers. In most circumstances, this process is executed swiftly in under 30 minutes, thereby giving customers the ability 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 transacted using the platform.

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

With the South African budget looming on 24^th February, there is a growing focus on diversification of savings and investments into alternative assets like cryptocurrencies to mitigate the risk of potential Rand (ZAR) devaluation.

“From September 2020 till January 2021 we’ve seen a 310% increase in transactions for our South African customers,” said Club Swan’s Chief Operating Officer, Martin Lamming, Club Swan, said.