Eligma a crypto payment infrastructure company has partnered with Quidax to enable people to pay for products and services in Africa through the use of their service GoCrypto.
Businesses will be able to accept crypto payments and get settled in their local currency. In Africa, the first local currency they will be going live with is the Nigerian Naira (NGN).
As a result of the partnership, GoCrypto will enter the third continent, Africa, starting in Nigeria and then expanding to other African countries. GoCrypto is currently in Europe and South America. In March, GoCrypto announced that they had officially onboarded 1,000 merchant locations.
In a statement Buchi Okoro, Co-founder and CEO at Quidax had this to say“Our partnership with GoCrypto helps us answer a question we get so many times: ‘Can I spend crypto?’ We are proud to be playing a role in answering that question.”
According to Dejan Roljić, Eligma CEO, “The partnership with Quidax, the leading African cryptocurrency exchange, marks an important milestone for the GoCrypto payment scheme and opens the door for payments through GoCrypto in Nigeria and Africa. GoCrypto’s presence on the third continent in a row shows that cryptocurrencies are becoming a highly relevant payment method.”
In 2018 Eligma created a point-of-sale system to enable retailers to receive payment in crypto. The aim was to create a genuine Bitcoin City in a complex that stretches 475,000 square meters and is filled with 500 retail stores. The city was visited by the country’s prime minister who got received a cup of coffee bought using cryptocurrency.