Firm unveils seamless payment solutions in Nigeria
Nigerians abroad can now heave a sigh of relief thanks to Lightspark, a digital assets company which officially set up shop in the country.
Addressing a stakeholders’ forum made up of upwardly mobile executives within the digital assets, cryptocurrency, digital engineers, tech-savvy, financial services ecosystem and others in Lagos, on Friday, the duo of Nicolas Cabrera, Vice President Product and Kevin Hurley, Co-founder and Chief Technology Officer both of Lightspark, shared interesting insights on how the company has revolutionised the financial ecosystem across the globe with their novel ideals and ideas of tech-enabled, fast-paced payment solutions.
Firing the first salvo, Cabrera, who revealed that Lightspark set up shop barely two and half years ago has recorded some milestones yet, including building a unique payment technology and architecture for the world.Related News
Expatiating, Cabrera, the Chief Product Officer, who disclosed that they have over 100 million end users across 100 countries, said its protocol called the Universal Money Address (UMA), works pretty much an email address to simplify payments across the globe.
“We bring a settlement layer where money can settle instantly. And then we have a protocol called UMA, the Universal Money Address, which is pretty much an email address like we all have to exchange content.”
Justifying the company’s foray into the Nigerian market, Cabrera said, from available information sending money across continents is expensive, slow, and there’s no compatibility between countries, “That’s why we see Africa and Nigeria as a good, you know, a great market for that with our products. We work with Bitnob and Yellowcard already here in Africa, in multiple countries. And we love what we’re seeing in Nigeria that has many people that try to send money overseas, that, you know, have wallets, have a bank account in Nigeria, and they want to receive money from the U.S., for example. We can support that.
