A startup firm, Cardify Africa, has introduced a new platform where Nigerians will be able to use crypto to pay airtime bills; mobile data bills, electricity bills, and other types of bills.
The startup in a statement by its marketing assistant, Yemisi Solaja, said Nigerians no longer need to first convert their funds into fiat money in order to pay their bills with bitcoin and US dollars.
Solaja in the statement revealed that bills payment for telecommunication networks have been integrated as a service on the Cardify Bills Platform.
The statement read in part, “Just the way you spend your fiat currency to make these purchases, we are giving users in Nigeria and Africa at large the ability to spend their crypto without having to first convert it to fiat.
“Cardify Africa users can choose one of the world’s most popular cryptocurrencies to pay bills. Aside from Bitcoin, those include Ethereum, Litecoin, Dogecoin, DASH, and even stablecoin, USDT.
“Users will be able to shop across various online e-commerce stores with the voucher offering on the Cardify Bills platform, one of such is Jumia, this means Cardify Africa gives you the option to spend your crypto for everyday purchases seamlessly, according to the company.
“Cardify Bills aims to be the largest cryptocurrency retailer in Africa and the go-to location for cryptocurrency users in Nigeria and the rest of the continent to spend their coins. Anyone in the world can use Cardify’s goods and services to pay for their daily expenses in cryptocurrency. We offer a selection of gift cards, bill payment options, and prepaid cell refills that can be bought using Bitcoin, USDT, and a number of other well-known cryptocurrencies internationally.”
Cardify Africa’s chief executive officer, Tunde Buremo, said customers will need to validate their accounts by completing the KYC requirements on the platform for certain transaction thresholds.
He added, “The service will initially enter the Nigerian market through a waitlist, according to Cardify Africa. As the company prepares to welcome new customers quickly, users will first be given access to the product through the company’s web platform, then on the mobile apps for iOS and Android.
“Cardify will charge a 0.5 per cent convenience fee on the total bill paid to cover the cost of delivering and processing each bill payment as those are not discounted by the provider or payee.
“Unlocking more ways to spend with digital assets is a top priority. Now you can pay everyday bills with crypto.”