E-Wallet Service, SimplePay, Introduces BitCoin Feature

Money Transfer

SimplePay, Nigeria’s web and mobile-based wallet service, has introduced a feature that will allow its users to fund their wallets using their Bitcoin accounts.

Speaking with HumanIPO, Rich Tanksley, Director of Operations, SimplePay Ltd said the startup will use a payment API from its Bitcoin wallet.

He said: “People will enter their details and send the Bitcoins (or fractions of Bitcoins) to our Bitcoin wallet. We will then credit their account for the Naira equivalent of the amount they sent. Easy as that. Will be instant.”

“It’s officially available now, but we are still working on the API integration so people can do it from our web site. I would guess a week.”

When users fund their SimplePay wallet, they can pay for about 150 different services like mobile recharges, DSTV, federal taxes, school fees, church donations, etc.

“We are adding services weekly,” he said.

The company was founded in 2013 by Simeon Ononobi in Abuja and won the Seedstars World competition.

Source: Bizwatch Nigeria