GIG Logistics introduces crypto payment gateway on GIGGO app
An avid reader, analytical writer and consistent content creator with several enlightening articles and reports. He is currently a journalist , Commodities, Agriculture and Technology at business a.m. newspaper. Email: amugedavido@gmail.com. Tel: +234 706 930 4947
GIG Logistics, which provides delivery solutions across West Africa, has launched a crypto payment gateway on GIGGo, its proprietary delivery app.
In a statement made available to Business A.M., the logistics company explained that the development is part of its efforts towards providing more inclusion and efficiency in ecommerce payment and also, offering users the opportunity to explore additional payment channels using digital currency.
According to GIG, the crypto wallet through which the crypto service is facilitated will be released in beta phases to 2,000 users and progress to 8,000-10,000 users within two weeks before finally being released to all users on the platform.
To ensure a seamless service, GIGL said it has partnered with XPAD, a crypto platform built on the most secure ledger globally, that will power custodial services backend and guarantee asset security.
On how the crypto wallet works, the tech-friendly company said users will be enabled to perform key digital transactions including, buying, storing, sending, withdrawing and earning from digital assets.
In the initial stage, 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, according to GIG, will enable current XPAD users to perform crypto transactions from the GIGGo app.
Some of the assets available for purchase include, 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 addition, users will be eligible for rewards in cryptocurrency, as well as have the ability to pay for unrestricted global transactions, while the beta version of the wallet will give room for adequate feedback on functionalities and user experience.
Ocholi Etu, GIGL’s director of operations, explained that besides providing a crypto wallet, the new initiative offers accessible alternatives to crypto adoption, significantly increasing the number of crypto wallet owners and ultimately translates to more numbers for the crypto economy.
He stressed that connecting GIGL users to cryptocurrency banking is a huge responsibility, adding that the company has put the necessary infrastructure in place to ensure seamless and safe crypto transactions.
“We are advocates for borderless transactions, progress and economic freedom. As a global delivery partner to all our users worldwide, we want to offer the ability to do much more than deliveries by providing digital services that promote efficiency, ease and wealth,” he added.