GIG Logistics introduces crypto payment gateway on GIGGO app

GIG LOGISTICS, WHICH PRO VIDES DELIV ERY SOLU TIONS 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.

NEARLY 16 MONTHS AFTER THE #ENDSARS PROTESTS AND THEIR AFTERMATHS, one of the places in Lagos State severely impacted, Lagos Circle Mall, which houses a store of retailing giant, Shoprite, is roaring back to life, says Retail Supermarket Nigeria Limited (RSNL), owners of Shoprite in Nigeria.

The reopening of the store located in JakandeAjah-Lekki axis of the state, signposts the significance of the store in the calculations of the owners who are looking to quickly get the footfalls back in after acquiring the business from South Africa’s Shoprite, which originally ran the franchise in Nigeria.

The entire Circle Mall had been vandalised, ripped and set ablaze during the protest which began in October, 2020 with many occupiers and store owners suffering huge losses.

Tayo Amusan, chairman of RSNL, explained that the reopening serves