Ridima, a crypto-to-cash platform, says it has recorded a significant increase in new users over the past seven months, particularly among younger crypto holders. The company states that most transactions on its platform are completed in about five minutes, measured from when a user sends crypto to when naira appears in their Ridima wallet. Bitcoin trades may take slightly longer due to slower network confirmations. Ridima buys crypto directly from users, which it says makes selling faster than peer-to-peer trading.
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