Global cryptocurrency ATM leader, Olliv, is extending its cash-to-crypto services to South Africa. With this advancement, it is marking its first entry into the African market. Olliv is well-known for its extensive network of more than 4500 Bitcoin ATMs across various countries. It plans to expand its presence within South Africa throughout 2023. This expansion aligns with Olliv’s mission to empower individuals by providing access to the global digital economy.
Ollive Expands Crypto Presence in South Africa, Aims to Simplify Cryptocurrency Access
Nine kiosks have been installed in KwaZulu-Natal and Gauteng, complemented by its over-the-counter (OTC) digital Order Desk service. Ben Weiss, CEO of Olliv, expressed excitement about this development. He stated that they are thrilled to bring their crypto kiosks to Mzansi. He mentioned that since the inception of Olliv, their focus is on accessibility and education. They look forward to connecting consumers in the South Africa region.
Olliv’s expansion into South Africa follows a period of remarkable growth and innovation. The company recently launched a user-friendly crypto platform in the United States. Furthermore, Olliv expanded its footprint in various countries, including Canada, Australia, New Zealand, Italy, South Africa, Panama, and Brazil, since 2022.
Lloyd Lopes, Director for Africa at Olliv, highlighted the growing demand for cryptocurrency in South Africa. He highlighted the potential it offers for crypto adoption across Africa. He stated that consumer demand for cryptocurrency in South Africa made it an exceptionally compelling market for them to enter. They saw incredible opportunities throughout Africa, with South Africa leading the way in crypto adoption. They were excited to provide an easy on-ramp to the digital economy while supporting the existing interest in crypto with the expansion of their Olliv kiosks and Order Desk.
Olliv’s Impressive Growth and Commitment to Compliance Lead the Crypto Revolution
Olliv has earned the trust of its customers through its commitment to industry compliance and transparency. The company has achieved impressive growth, nearly doubling its workforce and expanding its kiosk presence globally. Olliv has also emphasized customer support and education, with a focus on human-to-human customer service and Order Desk support.
In 2022, the company reported revenues exceeding $130M, and it is projected to grow its team by 23% by the end of 2023. Since its inception, Olliv has expanded its presence across 49 U.S. states and eight new markets. It plans to reach more countries by 2024, positioning itself at the forefront of the financial revolution powered by cryptocurrency and blockchain technology.
