Update : Port Harcourt Retail Banking Branch Development Update. Oh baby we are on track to open in less than 2 weeks. The excitement is palpable 🙂 https://t.co/YbJhYlVgGk $CREDIT pic.twitter.com/5hZxtb9KlE
— Credit (CREDIT) (@creditweb3) June 12, 2020
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 ALSO: NaijaCrypto, 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
The startup hopes to expand soon across Africa, with the above countries likely being its main target markets.
The Terra team are actively looking for new retail banking space in Lagos. This will be our second branch and we have a third branch planned, we will know the location soon. https://t.co/YbJhYlVgGk pic.twitter.com/pJOKRirwaG
— Credit (CREDIT) (@creditweb3) June 3, 2020
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:
- MTN – Nigeria’s leading mobile telecom
- Bolt (Formerly Taxify)
- Chipper Cash
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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