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Aeternity Africa Hub to Promote Cashless Economy with Cryptocurrency Payment Platform ‘BitPal’

Aeternity Africa Hub to Promote Cashless Economy with Cryptocurrency Payment Platform ‘BitPal’
Nairobi-based blockchain startup Aeternity Hub Africa has launched BitPal, a cryptocurrency payment platform that aims to promote a cashless economy in Africa.
Aeternity Hub Africa’s BitPal Payment Platform

BitPal enables merchants to accept payments for the sale of goods and services in Bitcoin , Aeternity , Dash , and EOS . The platform is targeting small, medium, and large businesses that operate online or physical stores.
According to Aeternity Africa’s COO Frank Deya, BitPal will take money online where most people are currently spending their time.
“To date, payments and cross-border transactions are the most popular use cases that have been explored by blockchain. However, very few businesses in Africa have integrated an on-ramp to offer their customers the cryptocurrency option to pay for goods and services. BitPal will play a crucial role in driving mass adoption, generating new markets, and enabling a seamless cash-out gateway to thousands of merchants across the continent. We envision a not too distant future where the ‘Crypto Accepted Here’ payment button on an online store or a sign at a physical store is ubiquitous to BitPal,” he said.
How BitPal Works
BitPal is an easy-to-use, zero transaction fee platform. Customers simply have to choose one of the supported cryptocurrencies to pay for a product or service. An invoice is then produced indicating a fixed exchange rate. Once the payment is settled, BitPal converts the cryptocurrency to the merchant’s preferred fiat currency. The merchant can then cash out the payment to their bank account.
Aeternity Africa wrote in an official statement:
“BitPal is a ready-to-use platform. It takes away from the merchant the headache of setting up a wallet.”
BitPal features an automated API gateway for accepting payments in crypto and the point-of-sale is accessible through a mobile or web application.
Aeternity Africa plans to add more cryptocurrencies to its platform and to include an MPesa option for merchants to cash out. In addition, the startup has already attracted four businesses that are interested in on-boarding the platform.
Kenya-based BitPal is poised to become one of the projects could drive crypto adoption and promote cashless economies across the continent.
The post Aeternity Africa Hub to Promote Cashless Economy with Cryptocurrency Payment Platform ‘BitPal’ appeared first on BitcoinAfrica.io .

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