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Africa’s First Blockchain-Powered PoS Gateway Launched

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Zone, the company behind Africa’s first regulated blockchain network for payments, has announced the launch of its new “ZonePOS” point-of-sale (PoS) payment gateway solution.

A statement issued on June 5 says the network is poised to transform the payment landscape in Africa by leveraging blockchain technology for faster and more secure transactions.

Zone’s CEO, Obi Emetarom, highlighted the importance of this new development in the press release.

“Our PoS Payment Gateway Product is a commitment to financial inclusion and to the digital future of all payments in Africa.

“With this new offering, we are excited to have taken yet another major step towards our vision for a world where individuals and businesses can make and receive instant payments to and from anyone in the world, through any payment method and in any currency.”

According to the company, ZonePOS is designed to enhance transaction speeds, offering same-day settlements.

One of the standout features of this product is its blockchain-based chargeback protection, which aims to eliminate chargebacks and chargeback fraud.

The system auto-refunds customers for unsuccessful transactions and auto-declines fraudulent chargebacks in real-time.

The launch of ZonePOS comes at a time of regulatory shifts in Nigeria, one of the initial markets for this product.

Despite President Tinubu’s campaign pledge to legalize and support cryptocurrency technology, his government has taken actions that seem contrary to this promise, leading to confusion among supporters of the blockchain and cryptocurrency sectors.

Zone’s new PoS gateway is part of the company’s broader strategy to improve financial inclusion and promote the adoption of digital payment systems across Africa.

The company’s blockchain-powered payment infrastructure allows for direct transaction routing within regulatory guidelines, making it one of the few decentralized gateways for currency-agnostic payments in the African market.

The introduction of ZonePOS reflects Zone’s commitment to bringing innovative financial solutions to Africa.

With enhanced security features and faster transaction times, ZonePOS is set to offer significant benefits to both consumers and businesses.

As Zone continues to expand its services, the company remains focused on its mission to facilitate instant, seamless payments across the continent.

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