VALR, Africa's largest cryptocurrency exchange by trade volume, has announced a strategic partnership with global payment provider Checkout.com. This integration significantly expands VALR's on-ramp capabilities, enabling international customers outside of South Africa to fund their accounts and purchase cryptocurrencies instantly using local currencies and familiar payment methods.
The partnership allows users to buy major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) using credit/debit cards, Apple Pay, and Google Pay. The system supports over 150 fiat currencies, with deposits and purchases credited either in stablecoins such as USDC or directly in the selected crypto asset. Crypto is credited to users' VALR wallets within seconds of purchase.
Badi Sudhakaran, Chief Product Officer of VALR, stated: "This partnership with Checkout.com represents a significant step in democratising access to crypto, empowering individuals worldwide to participate in a more inclusive financial system. By enabling instant deposits and purchases via a wide range of local currencies via trusted methods like cards and digital wallets, we're simplifying the entry into crypto."
Founded in 2018 and headquartered in Johannesburg, VALR is backed by prominent investors including Pantera Capital, Coinbase Ventures, and Fidelity's F-Prime Capital. The exchange is licensed by South Africa's Financial Sector Conduct Authority (FSCA) and holds regulatory approval in Europe, serving over 1.5 million users and 1,800 institutional clients globally.
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