Home Technology LazerPay attracts investment from Nestcoin

LazerPay attracts investment from Nestcoin

lazerpay - lagospost.ng
Yele Bademosi

A Nigerian cryptocurrency investment firm, Nestcoin has invested in LazerPay, a cryptocurrency payment platform that refers to itself as the ‘Stripe for cryptocurrency’.

This was disclosed in a press release seen by Lagos Post. According to the press release, the amount invested by Nestcoin is undisclosed but it marks Nestcoin’s first-ever investment in a crypto-focused project.

The co-founder of Nestcoin, Yele Bademosi took to his Twitter handle to make the disclosure as he tweeted, “Super excited to announce @nestcoin’s first-ever investment in @lazerpay, founded by @njokuscript, one of the smartest and brightest young minds in the crypto space.LazerPay makes it easy for anyone anywhere to accept Stablecoins like USDC, USDT, BUSD as payment online.

LazerPay was founded by Emmanuel Njoku, a blockchain engineer. It has also launched a beta version of its payment platform and the beta product is open to African businesses alone for now.

LazerPay was built out of the need to help businesses accept cryptocurrency payments easily. It stated, “The increased adoption of crypto evidences the need for businesses to accept crypto payments easily. But there are challenges; these range from horrible user experiences — for their customers — to bumpy exchange processes and limitations on crypto tokens they can accept.”

LazerPay will also introduce its own tokens. “These tokens are a type of currency peculiar to the LazerPay platform. As activities increase on the platform, their value increases. Various community members will own some of them, which will empower them to make critical decisions for the platform,” the statement read.

Moreover, Nestcoin is a Nigerian crypto-focused company founded by Taiwo Orilogbon and Yele Bademosi, and their mission is to “democratize access to economic opportunities by demystifying cryptocurrency, making it simple and creating access to economic opportunity for everyday people in frontier markets.



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