Nigeria-based crypto exchange Roqqu has reportedly received a virtual currency license for the European Economic Area. The exchange currently operates in Nigeria with 1.4 million users and it hopes to increase its user base to 5 million by the end of 2023. It also plans to provide services in South Africa, Ghana, Uganda, Kenya and Tanzania in the coming months. Roqqu CEO Benjamin Onomor is bullish about the exchange’s business opportunity in Europe. He cited the data that there was foreign remittance of over $5 billion sent to people in Africa annually and he believes crypto could help reduce fees of such foreign remittance.