This month, we joined forces with eZaga, a South African digital banking and authorized financial services provider, aiming to boost financial inclusion in Africa. This fruitful partnership resulted in the creation of DoshFX, a secure and user-friendly solution for buying and storing cryptocurrencies.
As a centralized crypto exchange, DoshFX comes with multiple benefits for both DIFX and Ezaga users. To introduce our users to DoshFX and how they can benefit from it, we hosted an AMA with their team on our Telegram channel on Friday (November 25).
The DoshFX team discussed the project, its goals, and future plans. They also took some questions from the DIFX community regarding DoshFX’s long-term plans and its privacy and security procedures.
Here’s a quick recap of the AMA:
DoshFX 101
Q: It is great to have you here DoshFX! Would love to have you introduce yourself and the Project!
We are a blockchain-based African fintech that allows our users to invest in digital assets. What is truly special is the ability to invest using your eZaga bank account, debit, or credit card.
Q: Could you tell us more about your team and what their blockchain background is?
DoshFX was founded by Jeetu Kataria, CEO of DIFX, and Saud Ally, Group CEO of eZaga Holdings. Together, they bring combined experience in trading and investment banking that spans well over two decades. Saud has worked for one of the largest Banks in Africa as an actuary. This sparked his passion for providing accessible financial services to the most vulnerable persons in Africa. Mr. Jeetu has managed family investment portfolios where he gained expertise in digital asset management.
DoshFX’s Journey So Far and Its Future Plans
Q: The past few months have been a fascinating time for DoshFX! Could you give us a brief update?
We announced the deployment of our exchange in Africa, an exciting collaboration between two fast-growing Fintechs: DIFX and eZaga Holdings. This unprecedented collaboration brings together the convenience of digital banking with the security and transparency of blockchain.
Q: The project certainly has a great future! What are your team’s next plans, what can the community look forward to on your current roadmap?
There is a lot to look forward to. We plan on introducing new trading pairs and assets that fall outside of the parameters of cryptocurrency. Keep an eye on all our channels for any exciting updates!
Questions from the DIFX Community
Question 1: What are the ways for your project to generate revenue in the long run? What is the progress of business development and what are some of your commercial partnerships?
We are open to accommodating qualifying projects that wish to be listed on our exchange. This will be a key source of revenue, however, revenue is not the focus for DoshFX. We want to focus on providing high-quality service at the lowest possible price.
Question 2: What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrency market? I would appreciate it if you could share it with us.
With our vision of serving millions of the unbanked population of Africa by 2025, we aim to become the largest African digital asset platform.
Question 3: Regulation is very important. Projects are closed in many countries for failing to use proper regulations and permits. To be worldwide; how do you handle this problem?
Since its advent on the African fintech scene, blockchain has skyrocketed in popularity. As a regulated pioneer of African blockchain ecosystems, South Africa is a perfect place for DoshFX to launch, we plan to monitor and comply with regulations as they unfold on the continent.
Question 4: Since a strong community not only brings interesting ideas to the project but also attracts larger partners; how is DoshFX planning to build its community? And are there any strategies to recruit people with Blockchain experience to the DoshFX team?
We are looking for a keen group of crypto starters to grow with us. We want to find the right people, passionate about blockchain and the impact it could have on the African economy. We hope to attract a community and talent that shares our values.
Question 5: How does DoshFX keep users’ assets and personal data safe from hackers? How does DoshFX manage an attack like that?
Our partnership with a leading crypto custodian allows us to offer you a highly secure wallet to hold your assets on, upping the industry standards of security and helping us prepare for any potential risks.
Question 6: Can you list the outstanding features of “DoshFX’ that you think are the strengths that will help DoshFX succeed? In the future, will the DoshFX token be developed with more utilities?
DoshFX is a new African Fintech company that offers: easy on-off ramps, a free(Mahala) fully secured crypto wallet, and premium security. We don’t have plans to launch a token at this time.
Question 7: How do you plan to spread awareness about your project in different countries where English is not so good?
We have amazing community managers who provide responses in English, Afrikaans and Zulu, Verstaan.
With the love and support that we are getting from multiple communities, we are working on having separate sub-communities in multiple languages including Vietnamese, Bahasa, Thai, Mandarin, Tagalog, and much more. The same applies to multi-language support for our soon-to-release mobile application.
Question 8: You know marketing is an important factor for every project. What is your strategy to attract new users and investors to your platform and keep them long-term?
We have a detailed marketing strategy to keep our users informed, engaged, and rewarded. We want you to feel what it’s like to truly connect with your fellow African crypto starters! We have a deep understanding of our audience across LSM, I think that is what will give us an edge in the market.
Question 9: User experience is such an important aspect. What are the efforts that DoshFX is making to enhance the user experience, especially for new users?
We offer our users the most seamless way to start investing in crypto. Unlike most exchanges, users can fund their wallets using their bank account and buy and sell crypto in their local currency. True Mzansi Magic!
Question 10: Can you tell us about the vision behind DoshFX, and why are you launching it?
We want to be the preferred digital asset management solution for Africans. We will do this by leveraging blockchain technology to make it easy, fast, and fun to buy digital currency in Africa.
