Firm launches ShawnX App, eyes 100,000 Nigerian users

Shawn Exchange has launched ShawnX, a new cryptocurrency and digital payments application designed to simplify access to digital financial services for Nigerians and position the company to expand cross- border payment solutions across Africa. The fintech firm said the application, now available on the Apple App Store and Google Play Store, combines cryptocurrency trading, digital payments, and value-added services into a single platform as demand for digital financial services continues to grow across the continent. The launch came at a time when Nigeria remains one of Africa’s largest cryptocurrency markets despite evolving regulatory oversight, with increasing numbers of individuals and businesses turning to digital assets for payments, remittances and investment. The ShawnX App enables users to buy and sell cryptocurrencies using the naira, convert fiat currency into digital assets, exchange gift cards for cash, and purchase airtime and mobile data through one interface. Speaking at the launch, Chief Executive Officer of Shawn Exchange, Ajayi Oluwadamilare, described the platform as more than a cryptocurrency exchange, saying it was developed to bridge traditional finance and digital assets while improving access to secure and efficient financial services. “Our vision is to create a seamless, secure and accessible platform that empowers individuals and businesses to move effortlessly between cryptocurrencies and the naira while enabling efficient cross- border payments,” he said. Read Also: Ibom Deep Seaport not an ethnic project, Mboho warns According to Ajayi, the company plans to build a community of more than 100, 100,000 active users in Nigeria before expanding into other African markets. He said the long- term objective is to provide affordable, reliable and instant financial solutions that connect businesses, entrepreneurs and families across national borders. Related News Ajayi attributed the company’s increased investment in digital financial services to the continued growth of the global cryptocurrency industry and Nigeria’s position as one of Africa’s leading digital asset markets. Industry analysts say demand for faster, lower-cost payment solutions and cross-border remittances continues to fuel innovation among African fintech companies. They note that platforms integrating cryptocurrency with conventional payment services could improve financial inclusion, particularly for users seeking alternatives to traditional banking channels, provided they operate within evolving regulatory frameworks and maintain robust consumer protection standards. Over the years, Shawn Exchange has built its customer base through transparent operations, prompt transaction processing and customer-focused service delivery. In 2022, the company received the Africa’s Most Trusted and Reliable Financial Trading Brand of the Year award from African Brands. Ajayi said his entrepreneurial journey before founding Shawn Exchange helped shape the company’s customer-first approach, adding that studying successful business leaders influenced the strategies used to build the business. As Africa’s digital economy continues to expand, the company believes ShawnX will strengthen its position in the fintech ecosystem by providing a single platform for cryptocurrency transactions, digital payments and everyday financial services. With a focus on financial inclusion, innovation and cross-border commerce, Shawn Exchange aims to become a key player in the continent’s evolving digital payments landscape and to support wider adoption of digital assets among consumers and businesses. --> --> TAGS: ShawnX App