The South African crypto installments specialist organization startup, TerraBit, has empowered direct stores and withdrawals utilizing Naira with plans to set up an office in Port Harcourt, Nigeria.

To encourage installments, TerraBit has banded together with PayStack permit direct stores on TerraBit by means of

  • Nigerian Naira
  • Ghanaian Cedi
  • South African rand

Terrabit is a blockchain-based project that helps onboard new users into the cryptocurrency industry and presents investment opportunities. New users can buy and sell cryptocurrencies with their local currencies. The firm’s growth markets are in:

  • South Africa
  • Nigeria
  • Ghana
  • Kenya
  • Columbia

The startup hopes to expand soon across Africa, with the above countries likely being its main target markets.

PayStack helps businesses in Africa get paid by anyone, anywhere in the world. The firm already has existing business partnerships with over 17, 000 small businesses in Africa and some of the biggest brands on the continent including:

  • Uber
  • MTN – Nigeria’s leading mobile telecom
  • Bolt (Formerly Taxify)
  • Branch
  • BuyCoins
  • Chipper Cash
  • Betway
  • Paylater
  • Domino’s

Some of the blockchain and crypto startups leveraging on the PayStack ecosystem include NaijaCryptoBuyCoinsAella Credit among others.

Businesses use Paystack to accept both online and offline payments through payment channels such as ATM cards, mobile money, USSD, QR code, and more. Businesses also rely on Paystack’s powerful APIs for everything from transfers to automated user verification.

TerraBit now joins a long list of companies, including crypto startups, that can accept payments across Africa via PayStack.

source:
https://bitcoinke.io/2020/06/terrabit-accepting-naira/

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