Zone Unveils Revolutionary Blockchain Payment Gateway Amidst Changing Nigerian Crypto Climate
Summary:
Zone, Africa's premier regulated blockchain network company, has unveiled its new point-of-sale payment gateway solution called "ZonePOS." The innovative, blockchain-powered product caters to direct transaction routing within regulatory standards, guarantees same-day settlements, and offers blockchain-based protection against charge-backs. The launch comes amidst a fluctuating regulatory environment in Nigeria, a key market for ZonePOS, where recent governmental actions have reportedly clashed with earlier assurances supporting cryptocurrency and blockchain technologies.
June 5 saw Zone, the revolutionary enterprise pioneering regulated blockchain networks for transactions in Africa, taking the wraps off its latest innovation, the "ZonePOS" point-of-sale payment gateway. In a statement released by Zone, this newly introduced product is expected to be a game-changer in this market sector. Zone's unique solution utilizes its own blockchain-based payment system, which allows for direct transaction routing to issuers while complying with interbank payment regulations - a virtually unique feature in Africa's decentralized money exchange arena. Zone's CEO, Obi Emetarom, reflected on the potential impact of this launch, affirming that Zone's POS Payment Gateway contributes significantly to the advancement of financial accessibility and the digitization of all African payments. He described their ambitious aim as a world where swift payments can be made or received by anyone, through any method, and in any form of currency.Expanded transaction speeds are among the many advantages offered by the product. ZonePOS commits to settling transactions within the same day. Additionally, it comes with blockchain-sourced protection against charge-backs. The company claims that their PoS payment gateway has the ability to instantaneously refund customers for unsuccessful transactions and automatically decline fraudulent charge-backs by utilizing Zone’s PoS process.This development takes place amidst shifting regulatory circumstances in Nigeria, one of the prospective markets for the ZonePOS launch. Nigerian youth have recently shown confusion over the government's opposition to the fast-evolving sectors of cryptocurrency and blockchain. Giving his word to authorize and foster cryptocurrency technologies while campaigning for presidency, current Nigerian President Tinubu's recent measures appear to be restricting the growth of this sector. Contrast between these actions and the promises he made in February 2023 when he ran for president, have left supporters skeptical about his long-term plans for the industry.
Published At
6/6/2024 12:05:55 AM
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