Set to Launch Bitcoin Payment Only Site


Africa’s first online store that accepts Bitcoin (digital currency) as the only means of payment, is set to launch the first and affordable online store where Bitcoin can be traded for goods and services and exchanged with ease in Nigeria.

The firm said in a statement that the official launch, themed, ‘Redefining Online Shopping in Africa’ is scheduled for Saturday, July 29, 2017 at Ruby Hall (2nd floor) 103 Allen Avenue Ikeja, Lagos.

It will host top investors, business owners and other brands from Nigeria and the rest of the world to discuss the potential of digital currencies and how African entrepreneurs can leverage on the technology to make fortunes.

The firm explained that its choice of making it digital currency compliance followed the increase in digital currency adaptation.

The statement added: “Digital currencies are finding their way into the market and everyday a lot of people see them as an opportunity to store wealth and exchange value. Bitcoin is becoming more popular in Nigeria and today the country has the highest volume of Bitcoin transactions in Africa and according to google trends, Nigeria is the country that searches the word “Bitcoin” the most on in the whole world.”

It added: “Exchange companies have emerged to help Nigerians convert their Bitcoin to Naira and vice versa but there is a need that is yet to be met, there is a gap that needed to be filled and Nigerians need to be able to trade with their Bitcoin directly without having to convert it to Naira, Nigerians should be able to top-up their mobile phones and pay with Bitcoin without having to convert to Naira. This need, this gap, this vacuum is what has come to fill.”

The company said that the website will not only be responsive, easy to use and very accessible but will have special features that will include on-site live support, mobile app that will allow customers shop on the go and a page dedicated to enlightening people about Bitcoin and its importance, making it easy for people to understand the new currency and subscribe to it.

According to the company, the event will host social media influencers including Bisola (BBN first runner up), Nollywood actor and TV presenter, Rekiya Yusuf among others will also be gracing the launch, thereby creating awareness and publicity.