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Fliqpay, a Nigerian fintech startup has launched 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.

For now, the Fliqpay cryptocurrency payment gateway will support 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.”

Fliqpay which had done $12 million transaction volume, was earlier this year among the startups for the second batch of Techstars Bangalore 2020 Class.

The race to provide a cryptocurrency gateway for businesses in Nigeria and across Africa appears to be heating up. Just last month, Bundle, a social payments app, launched its services in Nigeria after incubation by leading cryptocurrency firm Binance.

Bundle allows its users to request, send, and receive cash or crypto from their peers in Nigeria. Bundle supports Binance Coin, Bitcoin and Ether as well as the local fiat currency — the Nigerian naira — but there are plans to add more fiat currencies in the coming weeks.

Musa Suleiman
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