Payments platform, Fluidcoins has announced the launch of FluidShop as its Ecommerce portal that will enable crypto payments for Africa.
FluidShop is marketed as a free online store created for entrepreneurs, freelancers, businesses, and digital product owners to receive payments in crypto for products and services that they showcase on the company site.
As new crypto forms of payment come up, it is important for businesses to provide their clients with options to allow them to transact as easily and quickly as possible. However, this requires adapting to newer systems such as cryptocurrency payment gateways.
Fluidcoin realized there was a market gap in the crypto-economy of Africa where businesses were losing out on potential customers since no one was building tools to help businesses adopt crypto payments. as pointed out by,
“The world has advanced. I want to create a system where businesses no longer worry about losing out on the conversion of high-quality leads in regards to receiving payments,” the company CEO/CTO, Lanre Adelowo pointed out.
The company took the initiative to empower African businesses with multiple flexible options to allow quick, safe and borderless transactions using crypto so that they can compete favourably on a global scale.
FluidShop is part of the company’s ongoing strategy to accelerate online businesses. On the platform, users can receive quick payments in crypto, have this payment seamlessly converted to fiat currency or simply retain the payment on the platform wallet.
Users can now receive quick payments in crypto, have it converted to fiat currency in a seamless payout process or simply keep it in their wallet feature thanks to the range of subsidiary products such as Fluidcoins’ Relay, Checkout and Payment Link options.
The platform allows businesses on it to accept crypto payments and automatically receive them in the local currency directly into their bank accounts, eliminating the risk of fluctuating prices.
“We understand crypto is volatile which is exactly why we cover the risk for your business. When customers pay you, you will always get the exact value in your local currency regardless of market fluctuations”, the company said.
Some of the company’s key targets are small businesses crushed by high transaction fees that could benefit from accepting cryptocurrency. These businesses also potentially lose out on any of the 300 million crypto users worldwide that abandon a checkout process because crypto payment gateways are missing.
Fluidshop also allows businesses that have already established their stores on Flutterwave or Paystack payments to easily migrate their entire store to their platform. Customers thus have one site where they can pay in crypto or in the local currency via the Flutterwave/Paystack checkout integration.
FluidShop also supports WhatsApp and SMS messaging options on iOS and Android allowing customers to enjoy 24/7 support while merchants can get notifications for placed orders or when stock is low.