I was NOT a believer in crypto and I remain extremely suspicious of it. But looking at the trajectory, I invested in a crypto exchange and a mobile app to convert coins to fiat currencies. But many young people in Africa mounted pressure with “I do not keep my money in Naira but in BTC” – and you need to allow me to pay via BTC. BTC is Bitcoin.
We added bitcoin as a way for members to pay for our services a few weeks ago. Ladies and gentlemen, the data is unbelievable: a solid double-digit adoption.
- Crypto payment: An option in the automatic registration – pay with Bitcoin (BTC), ETH, and other coins by selecting Coinpayments; select the product, add to cart, and select Coinpayment at checkout.
For the integration, I took my time, read the manuals and did the coding, optimization and integration myself, without involving anyone. Not as hard as writing firmware for microchips. This thing is not as esoteric as it may seem.
If you are a merchant in Nigeria (and Africa), I challenge you to consider integration of BTC. The growth in Nigeria is evidential. I do not waste time on this feed – see this as another channel to grow revenue. You can make the crypto to settle in US dollars which means once they pay, the money drops as the US dollars equivalent in your digital wallet. You can then move it to your bank as USD.
Young people are smart: listen to them on what they want. I wish I did this integration many months ago. Click here to see how it looks.
1. Advance your career with Tekedia Mini-MBA (Sept 13 – Dec 6, 2021): 140 global faculty, online, self-paced, $140 (or N50,000 naira). Click and register here.
2. Click to join Tekedia Capital Syndicate and own a piece of Africa’s finest startups with a minimum of $10,000 investment.3. Register and join me every Saturday at Business Growth Playbooks w/ Ndubuisi Ekekwe (Sept 4 – Oct 23, 2021), Zoom, 4.30pm WAT; costs N20,000 or $60.