Ice Cubed and VoguePay suggest to use bitcoin “more as control of currency as opposed to be a currency in itself”. “The idea is to have people in the international community be confident of buying products from a Nigerian supplier and knowing that … credit card details aren't going anywhere,” Gareth Gobler, ICE3X founder told IamSatoshi.


Geoffrey Weli-Wosu the director of VoguePay, one of the major Africa's online payment processors, has closed a deal with bitcoin South Africa-based exchange Ice Cubed in January 2015. The partenrship allows users for the first time to trade bitcoins for local currencies, ZAR Rand and Nigerian Naira.

“As a payment processor company we saw future in bitcoin and we as a company started looking for a partner to work with him to order to satisfy enquiries of our customers”, Weli-Wosu told IamSatoshi blog. The goals of the bitcoin startup are twofold: to increase confidence in buying Nigerian products among international users and, for consumers in South Africa, to make purchases easier and safer in comparison with using credit cards, the partners explained. VoguePay sees its mission in providing bridge between Africa and the rest of the world.


Africa is a quickly growing market in the bitcoin space. In April 2015, the first bitcoin conference will be held in Cape town, South Africa. The view on emerging markets as having more potential for bitcoin payments rather than Western European ones was articulated at the London conference Bitcoin Expo 2015, where Weli-Wosu was one of the delegates. This opinion is confirmed by a survey released this week by the Bitcoin Knowledge, Use, and Opinion (BitKOU) project. The results of 2014 Survey of Bircoin Polling imply that lower-income users across various geographical areas in the US and UK are more likely to adopt bitcoin.