The crypto payment gateway reports that it is now allowing online merchants in Africa to easily accept bitcoins when paying.

Paychant says the tool can be easily integrated into websites, WooCommerce, Magento, PrestaShop, and a host of other online stores with a single line of code.

This allows retailers to reach a growing number of consumers who want to pay with cryptocurrency.

According to Paychant, the infrastructure is simple, secure, functional and designed for both small and large businesses. Non-profit organizations can also easily accept cryptocurrency donations. It offers customizable tools that you can easily include in your fundraising site.

Making Cryptocurrency Easier
In addition to simple widgets, Paychant also allows users to request money from friends, family, and business contacts around the world. The intuitive billing feature means that invoices can be created directly from a custom dashboard, and the startup infrastructure provides merchants with the tools they need to build their e-commerce store.

Cryptocurrency volatility can be a concern for sellers. However, Paychant says it is counteracting this by allowing payments made with digital assets to be instantly converted into cash and providing all the important protection against fluctuations in the value of bitcoins. Payment can also be made to the merchant’s bank account on a daily basis.

These tools are complemented by a simple yet powerful control panel that gives you a crystal clear view of what tools are going in and out. Transaction data can be exported with the click of a button, and elegantly designed charts allow you to quickly understand how a business operates.

Paychant explains why the infrastructure is needed, and says card payments are expensive and slow — and consuming steep profits. On the other hand, using cryptocurrency as a payment method can provide low fees while eliminating the risk of chargebacks.

Paychant told Cointelegraph, “As digital currencies have proven to be the most reliable means of seamless cross-border payments that enable fast transactions with low fees in Africa, Paychant makes it easy for businesses to accept cryptocurrency online or receive cryptocurrency one-on-one. … line of code.”

More information about payment

exciting partnership
Paychant started in 2019 and the founders of the project were inspired to take action after they faced difficulties trying to get cross-border payments from overseas clients.

The startup joined the Celo virtual accelerator program last year — and during the eight-week program, the passionate team created a decentralized online wallet that allowed you to store, send and receive CELO and cUSD on the Celo blockchain.

This partnership is still in place today, and each of these digital assets is used in tandem with Bitcoin, Ether, and Tether, providing new opportunities for businesses and individuals.

Paychant not only wants to help the business community but also wants to make cross-border transfers much cheaper than it is now. The project cites research indicating that US$200 for shipping in Sub-Saharan Africa is taxed at 9.4%, well above the global average of 7.1%.

Paychant says it processed 15,000 transactions for more than 5,000 merchants in Nigeria over 10 months. Additionally, it has also deployed an end-to-end platform that allows crypto users to purchase everything from airtime and online data to airline tickets and TV subscriptions using virtual currencies.

Looking forward to the next 12 months, the project says it plans to expand into francophone countries across Africa.

Source: CoinTelegraph

LEAVE A REPLY