Africa’s logistics giant and tech-first company, GIG Logistics, has launched a crypto payment gateway on its GIGGO app.
The development comes as the last-mile delivery company seeks to lead and drive inclusion in areas of ecommerce payment facilitation in Nigeria.
The crypto wallet will be released in beta phases to 2000 users and progress to 8000-10000 users within two weeks before a final release to all. The beta version of the wallet will give room for adequate feedback on functionalities and user experience.
On the crypto wallet, users would be enabled to perform key digital transactions like buy, store, send, withdraw and earn from digital assets. Users will also be eligible for rewards in cryptocurrency as well as have the ability to pay for global transactions unrestricted.
To do this, GIGL has partnered with XPAD, a crypto platform that will power custodial services backend. XPAD is built on the most secure ledger globally, which will guarantee asset security.
How it Works
Users will get an update notification, introducing the crypto wallet functionality and get a prompt to sign up. If the user already has an account with the XPAD platform, they will be required to import their XPAD wallet by inputting wallet credentials.
This action will enable current XPAD users to perform crypto transactions from the GIGGo app.
Some of the assets available for purchase are UDST, BITCOIN and CFX, and beta users will be allowed to make any asset purchase worth the equivalent of a maximum of N500,000 daily.
In the crypto wallet, users would be enabled to perform basic financial transactions like buying items, saving money, sending, withdrawing and earning from digital assets through investment.
The update is still in development, so users of the app cannot pay for GiGL services using crypto yet.