COINQVEST and Cowrie provide digital currency checkouts that automatically go from Bitcoin to your Naira bank account, in minutes via NUBAN.

Real-Time Conversion


Accept crypto payments and convert to fiat instantly.

Risk Free Transactions


No currency risk. No chargebacks. No credit risk.

Compliant Accounting


Financial reporting. Invoicing. Taxation. Analytics.

Easy Integration


Easy to implement by REST API or checkout button.

COINQVEST PAYMENT PROCESSING

COINQVEST and Cowrie provide digital currency checkouts that automatically go from Bitcoin to a Nigerian bank account, in minutes via NUBAN. The platform helps online merchants and e-commerce shops programmatically accept and settle payments in Bitcoin, Ethereum and other new digital currencies while staying compliant, keeping their accountants and tax authorities happy. With COINQVEST, online businesses can denominate and settle sales in Nigerian Naira regardless of whether their customers pay in Bitcoin, Ethereum or Stellar Lumens.

BITCOIN USAGE AND CRYPTO PAYMENT PROCESSING IN NIGERIA

Cryptocurrencies are popular in Nigeria. Estimates show that of the top 10 countries for trading volumes, Nigeria ranked third place after the US and Russia in 2020, generating more than $400m worth of transactions. A 2020 online survey by data platform Statista found that 32% of those Nigerians who took part used cryptocurrencies - the highest proportion of any country in the world. Reasons for the high adoption rate of Bitcoin and other digital currencies are a challenging economic climate, the continuing devaluation of the Naira by the Nigerian Central Bank and inflation of prices for food and products of daily life. This development drives a lot of private investors into Bitcoin, who expect to hold a more stable currency and protect themselves against inflation.

Merchants can equally benefit from this trend:
Online shops and in fact any vendor with a digital sales channel in Nigeria can offer a crypto payment option on their website checkout processes to allow this growing demographic of crypto holders to spend their digital currencies for products and services they need for their daily life. COINQVEST, a crypto payment processor, provides an all-in-one solution for merchants in Nigeria to sell their products and services in Naira and settle into Bitcoin, Ethereum or Naira - as they prefer. Merchants can then withdraw their collected sales revenue into a Naira bank account in order to pay operation expenses for e.g. staff, suppliers or keep the digital currencies as needed.

Read more about Bitcoin payment processing with COINQVEST in the following media publications:

START GETTING PAID

You want to spend your time crafting the best product or service for your customer. COINQVEST’s meticulously designed platform focuses on crucial merchant settlement processes. You mind your business. COINQVEST is your online cryptocurrency payment platform.

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NOVOS BLOG POSTS


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