Source: Techeconomy
100Pay, a prominent crypto payments platform, has introduced a $200,000 startup fund aimed at accelerating cryptocurrency adoption in Nigeria. In a strategic move, the company also inaugurated its new 4,000-square-meter headquarters in Port Harcourt, highlighting its expansion plans across Africa.
The startup fund is designed to support businesses that integrate cryptocurrency payments into their operations using 100Pay’s innovative PAY Checkout platform. According to the company, this fund will provide startups with the resources needed to enable crypto transactions for physical retail stores, e-commerce platforms, and mobile apps.
Several startups have already reaped the benefits of this initiative, including Everest Mobility, a ride-sharing service, Cloudnotte, an edtech company, and Meedleman, a freelance escrow platform.
“We’re committed to making crypto more accessible to Nigerian businesses,” said Brainy Josh, CEO and founder of 100Pay. “Our $200K startup fund is a crucial part of this vision, equipping businesses with the tools to engage crypto-savvy customers.”
At the core of this initiative is 100Pay’s PAY token, which offers discounted crypto payment options and allows businesses to convert digital currencies directly into Naira. The platform currently supports over 20 cryptocurrencies and is actively used by more than 20,000 businesses across Nigeria.
Additionally, 100Pay’s technology powers HXAfrica, a licensed housing exchange, simplifying real estate investments through tokenization. The company is also forging partnerships with leading tech brands such as LG, Samsung, and Hisense to extend its PAY Checkout system across various industries.
With plans to recruit 1,000 additional employees over the next two years, 100Pay’s new headquarters in Port Harcourt will serve as a central hub for engineers and customer support professionals.
This initiative not only strengthens Nigeria’s crypto ecosystem but also opens up new opportunities for businesses and job seekers, contributing to the growth of the economy.
