Toronto and Lagos based fintech company —Fliqpay— today announced the launch of its cryptocurrency payment gateway which allows African businesses to accept cryptocurrency payments from anywhere in the world and get settled instantly in their local currency bank account.
Cryptocurrencies have received increasing interest from different corners of the world, but one question that often remains unanswered is what can people do with cryptocurrencies? Fliqpay answers this question via its cryptocurrency payment gateway- as its solution allows businesses to accept cryptocurrency as payment for their products or services.
Fliqpay’s solution is interesting because it eliminates the concern of price fluctuation that many businesses have with receiving payment in Bitcoin and other cryptocurrencies. These businesses are settled in their local currency instantly. Its solution also cuts regular transaction fees by about 60% and offers zero chargebacks.
Fliqpay is launching its payments gateway with support for 5 local currencies including Nigerian Naira, Kenyan Shillings, Ghanaian Cedis, and South African Rand. With the launch of its payment gateway, businesses in Africa can integrate Fliqpay’s API and accept cryptocurrencies as payment. Available cryptocurrencies that businesses can accept include; Bitcoin, US Dollar Tether (USDT), Ethereum, Litecoin, and Ripple’s XRP.
According to the Chief Executive Officer of Fliqpay, Wole Ayodele, “our solution is aimed at helping African businesses to expand where they can do business. From the entrepreneur that makes handmade Ankara bags in Lagos, Nigeria to the freelance graphics designer in Mombasa, Kenya, we view ourselves as a facilitator in driving business growth for African entrepreneurs and companies.”