For many African businesses, the dream of “going global” often hits a wall when it comes to payments. In our recent webinar, Habib Olawale, founder of the athleisure brand Smileys Africa, shared a common frustration: receiving an order from a country like Norway, but facing massive friction in traditional payment collection.
The Solution: Basqet by Quidax Elizabeth Ajao, Product Manager at Quidax, introduced Basket, a gateway designed specifically for local businesses to collect global payments.
Why it’s a game-changer for revenue:
- Instant Fiat Settlement: Merchants can accept cryptocurrency but receive the exact quoted amount in Naira or other local currencies directly in their bank accounts.
- Eliminating Volatility: By using stablecoins pegged 1:1 to the US Dollar, businesses can hold reserves without fearing the price swings of assets like Bitcoin.
- Zero Coding Required: Small businesses can use simple payment links to start collecting global payments in under five minutes.
As Habib noted, “The market decides where things are headed. If your users are paying with crypto, it’s best to serve them where they are”.
Ready to unlock new revenue streams?
