iCE3X now allows Rand (ZAR) deposits in under 60 seconds for free after integrating with Ozow secure payments.
The new update went live on 16 February 2020. ICE3X claims this is the first in South Africa for a cryptocurrency exchange offering instant deposits from South African banks.
Ozow is registered as a Systems Operator and a Third Party Payment Provider with the Payment Association of South Africa.
This is a big step forward for the crypto industry in South Africa and is likely to drive further efficiency enhancements with other operators.
iCE3X is a pioneer in South Africa since our inception in 2013. Further, the exchange is rolling out multiple new features, functionality, and services over the next few months.
Gareth Grobler, iCE3X’s founder, says, “We always search for partners that can enhance our service offering to our customers and after a rigorous vetting process, settled on Ozow.”
He went on to say, “Instant deposits are a positive step and we look forward to cooperating with Ozow to improve our customers’ experience and drive crypto adoption in South Africa.”
Eugéne Etsebeth, the iCE3X COO said: “Our customers will now be able to make quick buying decisions and have ZAR funds available on our platform in under 60 seconds. This is an instant and innovative feature that empowers our customers.”
iCE3X intends to offer clients the best service to buy and sell (trade) cryptocurrencies and fiat pairs on a trusted exchange by integrating with numerous business partners including a cryptocurrency exchange platform provider, financial institutions, merchant services, wallets, custodial services, insurance, and scratch cards in order to build an ecosystem around iCE3’s exchange platform.