BuyCoins Africa, the popular Nigerian exchange and P2P crypto platform, has launched a new service, dubbed GetCards, enabling users in Nigeria to buy gift cards from over 300 stores using Naira bank transfers.
The service means you can now convert your crypto into Naira directly into your bank account via BuyCoins Africa. After that, you can purchase the gift cards using the new service and redeem them at your favorite stores around the world seamlessly.
In short, Nigerian users now have the ability to shop on global stores from Nigeria using their crypto holdings.
Below are just some of the major stores where you can purchase giftcards using the new service:
Google Play store
Esso & Mobil
. . . among others
Apparently, the new service is already in high demand requiring the company to hold off from processing new gift cards in time to offset the huge backlog – a good problem to have obviously.
The new service now brings a whole new shopping and online experience to Nigerians. You can now shop on major stores like Amazon and Apple and keep your Spotify subscription all by purchasing a gift card using your cryptos, converted into Naira, directly on BuyCoins Africa.
Just a few months ago, BuyCoins Africa launched yet another service, SendCash, allowing Nigerians to easily send and receive bitcoins right into their bank accounts instantly. GetCards seems to be an integration of this new service that enables users to actually use their crypto holdings, now in Nigerian Naira, in the real world.
This new service enables Nigerian users to bypass capital control restrictions that limit how much you can spend per month in dollar value. It also offers one more great use case for crypto on the African continent.