[WATCH] TerraBit, A South African Crypto Payment Service Provider, Sets Up Shop in Nigeria with Plans to Expand Across Africa

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The South African crypto payments service provider startup, TerraBit, has enabled direct deposits and withdrawals using Naira with plans to set up an office in Port Harcourt, Nigeria.

To facilitate payments, TerraBit has partnered with PayStack allow direct deposits on TerraBit via

  • Nigerian Naira
  • Ghanaian Cedi
  • South African Rand

SEE ALSONaijaCrypto, Nigeria’s Cryptocurrency Exchange, Integrates PayStack Allowing Users to Purchase Crypto via Debit Cards Instantly

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 NaijaCrypto, BuyCoins, Aella 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.

 

 

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