Crypto software firm Zabo has announced its successful seed funding round. The company, based in Dallas, Texas has been able to raise a staggering $2.5 million.
The software-as-a-service startup was able to raise the money in a funding round led by Moonshots Capital. Investors such as Blockchange Ventures, Digital Currency Group, CoinShares, and Tezos Foundation were present at the event.
Zabo creates technology for financial services, both centralised and decentralised. It expects to grow its customer base with the funding provided. It also plans to increase its work force and number of partners.
According to partner at Moonshots Capital, Craig Cummings,
“Zabo has put together an impressive team and have been experts in the cryptocurrency and blockchain space for years. They have built an incredibly important piece of technical infrastructure that will enable cryptocurrency financial services to touch billions of people. We’re excited to support the team to bring cryptocurrency to mainstream financial services,”
According to Zabo co-founder, Christopher Brown
“Despite being on a path to touch billions of customers and be an asset class measuring in the trillions of dollars, cryptocurrency is very underserved relative to other financial services. This is partly because connecting cryptocurrencies, wallets, and exchanges to the traditional financial system is highly technical and complicated.”
Zabo launched in September 2019 with the intention of solving issues related to infrastructure gaps in the financial sector. It also began raising for funding during the same period.
Investors’ appetite for cryptocurrency firms is growing steadily. More organizations recognise the need to innovate or die in the blockchain space. A report by Reuters suggests that JPMorgan could soon add more members to its 25 strong blockchain entity, Quorum. JPMorgan Chase & Co is in talks to merge its blockchain unit with Brooklyn-based startup ConsenSys.
It’s Christmas again and shoppers in Nigeria and globally are buying gifts and household items for the season.
While many use e-commerce platforms such as Jumia and Amazon which have made online purchases easier, these platforms do not offer the cryptocurrency alternative for an increasing number of millennial shoppers who seek to buy items using bitcoin or other cryptocurrencies.
It is a well known fact that during the yuletide season, shoppers have a hard time with fiat payments as most financial institutions are closed for holidays and banking services hence become very slow.
This is in contrast to crypto which offers 365/24/7 utility to users globally and is devoid of the banking delays and payment hurdles.
Bitcoin/crypto payments aid speedy transactions, no charge backs, no third party delays, and offer cheaper fees than fiat payments.
A setback to the acceptance of crypto payments by many retailers and stores has been the issue of ‘volatility’. However, with the current fundamentals and growing technology of the 10-yer old crypto industry championed by Bitcoin, there is room for solutions to this setback.
Now, let’s see top websites that accept bitcoin payments for choice items and travelling needs this holiday season.
Overstock.com ranks as a top choice shopping platform for Bitcoiners especially this Christmas season. It’s customers are offered a wide range of items to purchase including: TV sets, furniture, gift items, sports gear and more; using crypto as payment method.
The BTC payment process on overstock is simple: Select the “Pay with Bitcoin” option and follow the instructions.
Overstock.com does not support BTC payments on its mobile site, so you’ll need a PC. In cases of refund, Overstock pays the exact amount of crypto paid at the time of the transaction.
And yeah Overstock ships to Nigeria.
Newegg is the perfect platform for tech savvy bitcoin holders. Bitcoiners who seek to purchase latest electronics this Christmas will find the platform’s wide range of gadgets and brands very handy.
Items from personal computers, desktops, sound sytems, high-end gaming devices and more are available on Newegg.
Here, users can make BTC payment by choosing the product and scanning the provided QR code, then proceed to send the amount in bitcoin to the given address. After the funds have been sent, users receive a confirmation email containing purchase and delivery details. Easyyyyyyyyy.
Intrestingly, Newegg ships to Nigeria, and 7 other African countries.
There seems to be a crypto shopping website for everyone. At Olodolo, fashion lovers are served the latest clothing, jewelry and cosmetic items.
Olodolo specifically helps people buy items on Aliexpress using any of these 3 cryptocurrencies – Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH).
Delivery is available to a large number of countries worldwide; with the total to be paid including shipping and related tax specified on each order.
The Christmas season comes with lots of travel, as bitcoiners link up with family and loved ones after a good trading year. LOL.
CheapAir is the perfect choice for discounted flight tickets to choice destinations worldwide.
The platform features an easy process to book flights and complete payment using Bitcoin. The rate of BTC exchange is based on the value of the digital currency at the time of booking.
A great choice for travelers.
For people looking to send gift cards to their loved ones this Christmas, eGifter does the work.
eGifter enables customers to buy a wide range of gift cards from the choicest brands such as Amazon, Apple store, Adidas, Steam and GameStop gift cards.
Giftcards can be purchased here using digital currencies like Bitcoin, Dash, LTC and ETH.
On payment completion, the user receives the choice giftcard in either physical or digital e-code.
eGifter also offers regular customer discounts through a points system which on accumulation allows the user enjoy numerous benefits.
There’s so much more!!!
Note: This publication is simply a Guide not an endorsement of the retailer’s services. See reviews and policies applicable to your country before placing any orders.
Did you know? Nigeria’s Premier Bitcoin exchange- NairaEx has launched a new service named ‘NairaEx Pay‘ – a platform that allows you integrate and instantly process Bitcoin payments to Naira on your online retail store. See full details here.
Found this helpful? Like, Share, Comment and Shop.☺️☺️ Merry Christmas ⛄☃️
Nigeria’s premier Bitcoin exchange, NairaEx has launched a first of many crypto projects, offering Nigerians easy crypto/bitcoin services across the country.
The new service called NairaEx Pay – is a payment gateway which offers users (companies, businesses and individuals) a platform to accept and process bitcoin payments automatically.
According to the exchange, the emerging use of digital currency (Bitcoin) for payment of goods and services has prompted the new service. One which will allow companies accept Bitcoin payments globally and receive payments in bitcoin or converted ‘naira’ to their bank accounts.
The NairaEx Pay service offers businesses and online stores or individuals an opportunity to integrate Bitcoin payment options on their website or online stores.
Customers are required to first create an account here: Pay.NairaEx.com.
PS – NairaEx allows you create and manage an unlimited number of stores. Each store has its unique wallet management portfolio.
Also, you can Customize Your Store Settings.
Other Controls: Summary – Allows you view a summary of your store income
Pay Button – You generate your store payment link here, and can integrate it on your store website or share to customers
Store details – Here, you can customize store colour, name, address and more here.
Invoices: Allows you View details of invoice/receipts form store payments.
You can withdraw your store income in Bitcoin or Naira through these steps:
Enter amount and choice bitcoin (BTC) wallet address for withdrawal’.
Click on Submit withdraw request.
Note that fees apply for Bitcoin BTC withdrawals.
To Withdraw Naira
NairaEx Pay wil convert your Bitcoin balance to Naira and withdraw to your Nigerian bank account. To do this:
You can also change account recipient details by navigating to Profile on the menu bar, fill in new details and click update account details.
You can update your NairaEx Pay details such as Name, Email, Password, 2FA, Phone, and NGN Bank account details by simply navigating to the profile tab in the menu bar, fill in new details and click update.
There are 101 reasons to use NairaEx Pay, here are our top 5:
Register Now to get started. Like, Share and Comment.
Unstoppable Domains – a cryptocurrency domain name start-up has launched its .crypto domain registry on the Ethereum blockchain.
According to a press release, the .crypto registry will allow users to connect any cryptocurrency address to their domain, enabling them to receive payments using just the domain name.
That is, users could now ditch their long alphanumeric wallet address and just send payments to Example.crypto or John.Crypto.
“Payments — Replacing cryptocurrency addresses with human readable names. I own myname.crypto, I attach all of my crypto addresses to it, and I get paid in any currency. “– Unstoppable Domains explains use of its new .crypto wallet address service
Unstoppable Domains says under this new service, payments will only require the receiver’s blockchain domain. This will eliminate the need for copy and paste of long cryptocurrency wallet addresses as well as simplify and decentralize payment process which will foster more adoption.
“We believe that tribalism in the crypto community is slowing down adoption of the technology. .Crypto is a domain name system meant to be used for any cryptocurrency payment and with any cryptocurrency wallet.“
Read about unstoppable domains here
Other benefits of the service include: the blockchain domain is stored by the ownwer, no third party is required, the domain registration is for lifetime and requires no renewal, domain ownership is transferable.
This .crypto domain names could prevent cases of error transfers such as BitcoinKeith’s who received 7.8BTC due to a sender’s mistake.
Would you prefer .crypto domain names over traditional wallet addresses? Share your thoughts in the comments.
Global fast-food chain – Burger King has begun accepting Bitcoin (BTC) payments for online food orders in Germany.
The new BTC payment option is visible alongside other payment options including PayPal and Visa card on the restaurant’s website; as well as integrated on the Burger King Germany mobile application.
Burger King is known to offer special snacks, chicken, desserts and other foods in its over ten thousand outlets across 98 countries; with Germany playing host to over 600 outlets.
This growing incorporation of cryptocurrrency/bitcoin payments for online platforms is championed by a growing need for speed and efficient payment systems in the rapidly involving sales world. At this time, the restaurant looks to offer rapid, scalable mobile and instant payments to its 11 million daily customers.
It will be recalled that in 2017, Burger King Russia had incorporated cryptocurrency payment; first accepting Bitcoin and going ahead to introduce the restaurant’s own virtual currency called WhopperCoin.
In 2018, the fast food franchise announced plans to expand to Africa, notably Nigeria and South Africa.
Japanese Gift Card Company – Amaten has announced it will partner blockchain network provider Aelf to issue tokenized gift cards on the blockchain; enabling giftcards to be exchanged and managed using blockchain technology.
Both companies look to curb fraud by enabling gift cards to be tracked from issuers to customers, to know where the card has been utilized or redeemed.
According to Amaten boss Tom Kanazawa, the current technology used to issue gift cards are obsolete and have failed to keep up with emerging digital trends and needs. In his words:
The current system and technology used for gift cards is completely obsolete and dates all the way back to the mid 90s. It still suffers from basic fundamental shortcomings and is very inconvenient. I believe that the gift card industry can be a perfect use case for blockchain. The two are a completely natural fit.
The chairman further states that the use of blockchain will ensure transparency and eradication of all gift card scam centres.
Amaten says its blockchain gift card options will kick off in Japan, with a subsequent spread to other countries including China and Korea.
It is worthy of note that the global gift card industry dominated by brands like Amazon, Apple iTunes and more, is worth over $340 billion; with Japan accounting for $21 billion of this figure.
From figures and transaction numbers, crypto, gift cards and other digital payments amount for over one billion transactions yearly; and this relevance is given further credibility as preference moves to cashless transactions and online purchases.
These statistics have steered global brands such as Coinbase to herald the era of crypto gift cards in a bid to offer more dynamic payment options. Although still in its early stages of development, it is predicted that whoever pioneers the blockchain giftcard niche will gain major traction.
What are your thoughts on Bitcoin Gift Cards/ Blockchain Gift Cards? Share in the comments.