African businesses struggling with slow, costly cross-border payments may find a new outlet in cryptocurrencies, as Lagos-based KuvarPay launches a payments platform that allows merchants to accept digital assets while settling instantly in local currencies.
The company said on Monday that its platform enables businesses across Africa and other emerging markets to receive crypto payments from global customers without holding digital assets on their balance sheets, addressing one of the biggest barriers to adoption — price volatility and settlement risk.
KuvarPay says it is positioning itself as a bridge between those worlds.
“The demand for crypto payment options has outpaced supply,” said Helen Davies, KuvarPay’s chief financial officer. “By partnering with merchants across Africa, we’re helping companies unlock revenue streams that were previously out of reach.”
The platform supports multiple blockchain networks and digital assets, allowing customers to pay in crypto while merchants receive settlement directly into local bank accounts. The company said funds are converted instantly, reducing exposure to sharp swings in digital asset prices.
