Breet makes case for simpler crypto payments at Moonshot.
Making cryptocurrency payments easier to use is as much a challenge as building the infrastructure behind them, Breet chief operating officer Vivian Mbene told Moonshot by TechCabal in Lagos on Wednesday.
Mbene said the company’s biggest task was making a complicated product appear simple to customers, allowing businesses to accept digital assets without taking on the operational demands of managing them.
Breet, founded in 2019, converts cryptocurrency into cash for individuals in Nigeria and Ghana.
It also offers an application programming interface that allows businesses to accept crypto payments and receive settlement in local currency. The proposition separates the payment method from the currency a merchant ultimately wants to hold. Customers can pay with digital assets, while businesses receive local money without having to build a crypto operation of their own. For Mbene, the objective is to reduce the work required to complete that transaction.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with TechCabal.
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