For South Africans concerned about the regulations surrounding the crypto space, FiveWest is an authorised Financial Service Provider regulated by the Financial Intelligence Centre.Fivewest said that offering cryptocurrency payments would allow businesses to attract a new demographic of tech-savvy customers.
Crypto payments also help streamline transactions and allow companies to set themselves apart in a competitive market.“This means businesses of all sizes can integrate Fivewest Pay without any upfront costs, making it easier than ever to tap into the crypto payment market,” the company said. Integrating Fivewest Pay is not just about accepting cryptocurrencies, but the company said it's about embracing the future of payments in South Africa.
“Our solution allows customers to pay using their preferred wallet and currency, with instant payment confirmation. This not only streamlines the checkout process, but also significantly reduces cart abandonment rates,” the company said.