Paychant Lets Merchants in Nigeria Accept Bitcoin and other Crypto Payments – OgbongeBlog
With Paychant, merchants and subscribing businesses will be able to accept payments in bitcoin and other digital currencies
Paychant, the first-ever cryptocurrency payment gateway in Africa, announced that it has completed its suite of products that allow businesses to accept Bitcoin and Ether payments safely and securely.
“We acknowledge the volatility risk that is associated with cryptocurrency, it’s a serious issue in this space, but this will not affect merchants funds on our platform, as we have set in place crypto to fiat settlement system. This system automatically converts all crypto payments into local currency (NGN) at the current rate of which the amount was received. So merchants get what they sell” the company explained.
For merchants who want to be settled by bank transfer, we process payout to all the 22 commercial banks that are available in Nigeria, the transfer is initiated as per the merchant withdrawal request. There is also an option to be settled in cryptocurrency as well.
Currently, Paychant supports Bitcoin and Ether. In the second quarter of 2020, the developers plan to add more digital currency to the platform.
On the Paychant platform, there are ready-made tools to accept crypto payments without the need of having a website.
- Merchants can create a simple payment page to accept Bitcoin and Ether as payment for services and subscriptions.
- A ready-made e-commerce store to display and sell products.
- Donation page to raise funds in Bitcoin and Ether.
- Point-of-Sale (PoS) application that supports Bitcoin and Ether payments, this let merchant accept direct crypto payments in-store and in person. The Application is available on Apple’s App Store and Google’s Playstore.
These tools are all ready to be used for quick crypto payment processing on the Platform.
For more information visit https://paychant.com
Paychant is starting a trend that is unique from the perspective of Nigeria and our vision is to continue our work until we reach a stage where we will become a household name, a product of daily needs to people in Nigeria.
What do you think about Paychant? Let us know in the comments section below.
