Nigerian blockchain payment platform Lazerpay has launched a new service that will allow African businesses and creators to get paid from anywhere around the world in cryptocurrencies, specifically stablecoins.
Lazerpay, founded in 2021 by 19-year-old Emmanuel Njoku, is a decentralized payment hub where merchants can receive payments and also earn from saving pools.
The new product will allow users to swap their stablecoins between the supported tokens on the platform which currently powers earnings in USDT, USDC, BUSD, and DAI. This allows users more flexibility with moving their money in and out of the platform.
Lazerpay has also added fiat payout options for its users. While users could only receive payouts in stablecoins before, they can now payout to multiple currencies in countries such as Nigeria, Ghana, the United States of America, the United Kingdom, India, China, and the UAE.
Lazerpay merchants can now payout in USD anywhere in the world, and in Nigerian Naira and Ghana Cedis in Africa. With the new payout options, merchants can also send money to other businesses in their desired currencies, eliminating the fragmentation caused by the use of different currencies across borders in Africa
This new product will offer African businesses the flexibility that comes with the reliance on decentralized finance solutions to scale their services. These updates will bridge the gap between the accessibility that crypto offers and the simplicity of mainstream solutions.