Get the latest tech news
Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure
Zone, the blockchain network that enables payments and acceptance of digital currencies, has raised $8.5 million in a seed round.
The blockchain architecture, he added, is such that when a fintech connects to the Zone network, it is provided with a gateway that serves as the environment through which its transactions are sent directly to the bank, to the issuer for authorization, and back. In addition, the company, which doesn’t charge implementation fees, hopes to reduce the time it takes to onboard its clients (fintechs and banks) in the coming months. We believe this is a fundamental leap that will allow customers to experience a completely new standard of reliability, speed, and cost efficiency at ATMs, POS machines, and online,” said Ameya Upadhyay, a partner at Flourish Ventures.
Or read this on TechCrunch
