Africa, including Nigeria, has been bound to traditional financial practices for decades. We have several commercial banking companies and more microfinance organizations have developed in recent years. However, despite the abundance of traditional financial institutions, user experience has been relatively poor. People go through the stress of queuing up to lay complaints, failed transactions, and delayed reversals, among several other issues.

Although banks have employed practical measures like creating financial applications to ease the process, they aren’t exceptionally efficient. Sometimes, the servers are down, and users experience transactional errors. Regardless of the urgency of your situation, you might have to wait about seven working days before rectification. We all must have been in these shoes at a point in time, so I’m sure you can testify that such situations are always hectic. But thanks to the growing Web3-based fintech industry, we can wave a hearty goodbye to the problems of traditional banking.

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What Do Fintech Companies Do?

For those who are grounded in decentralized finance, this will be a walkover. However, not everyone fully understands financial technology. So, before we proceed, I must address the topic. Fintech companies refer to firms that use evolving technology to deliver financial services as opposed to traditional systems. Like Web 3 democratizes the internet, fintech hubs combine liberalism with financial solutions to help users enjoy salient banking.

As one such firm, that’s an overview of what Boundless Pay does for Nigeria and other African countries. Interestingly, their services extend internationally, making the company a worthy name in the industry. And yes, they’re living up to their mission “to build a top digital payment solution company that will eliminate barriers in crypto-fiat transactions and make blockchain-based payment accessible to everyone globally.”

Thanks to Boundless Pay, the world of global remittance is now more accessible with faster and more salient services. Boundless Pay uses centralized finance to bridge the gap between traditional banking and decentralized financial systems, thus actualizing on and off-ramp functionality.

Therefore, fintech operations democratize fiat and crypto services to the enlightened and unenlightened masses. Do you know what the best part is? You get free access to a wide range of services from the comfort of your home. All you need is your mobile device and internet connectivity to explore the limitless opportunities of blockchain finance. So you can enjoy fiscal ease and freedom anytime, any day.

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Web 3 Finance Within Your Reach: Experience Exciting Fiscal Innovations with Boundless Pay

Solutions are born with the awakening of individuals to society’s needs. In 2019, Franklin Peters, Aka Blockchain Oracle, created Boundless Pay under Boundless Nexus, but didn’t unveil the brand until 2021. In a prior interview with NODO news, Franklin Peters, CEO of Boundless Pay, revealed that the nuances associated with remittance services in the country spurred his initiative. So “It’s been a long-standing mission to solve a problem around payment, settlement, and remittances,” he said.

Thus, the initiative was born. Since its inception, the firm has explored ways to promote financial inclusivity, bypassing conventional methods. If you’re tired of strenuous remittances and payment processes, scale up to decentralized finance through Boundless Pay. Eliminate the barriers of transportation, high transactional fees, queuing up, and payment delay. Enjoy blockchain autonomy, transparency, and scalability in local and foreign financial transactions with fiat and cryptocurrencies.

How? Through Boundless Pay. The company’s services encompass many activities, including transborder transactions, receipt and sending of digital money and fiat currencies, in-app funds conversion, and more. Don’t worry; I’ll explain more in the subheadings below.

Crypto and Fiat Transactions

Boundless Pay democratizes digital currency transactions by enabling users to send and receive money from any location. You can transact in any supported local currency with ease. For instance, a user in Nigeria can pay for services in Dirhams. All the person has to do is fund their Boundless Pay wallet and send money in your desired currency. Thus, this eliminates the stress of manual currency conversion following conventional rules.

Consider this a simplification of foreign exchange. Using the Boundless Pay app or website, you can trade, stake, or swap crypto assets. Make payments using stable-coins without conversion and withdraw directly to any local account like a pro. The utilities of Boundless Pay are limitless.

Seamless Virtual Card Payments

Boundless Pay integrates worldwide payment through its virtual card. You can request a card after completing your KYC registration on the app or website. Your virtual card will facilitate e-commerce transactions and international purchases regardless of location. With your card, you can make payments for utilities and services like Netflix and Apple Music. Imagine the ease of controlling your finances just by tapping the screen of your mobile device.

Your imagination can become a reality if you take the right step. Whether you’re a student or a worker, this is a service that’ll make your life easier. It’ll help you boycott the hours of queuing up or standing under the sun waiting in line to use an ATM. The ease of online commerce will save you time and resources.

Pocket-Friendly Savings Plan

Are you tired of saving with your traditional bank account where it seems charges are after your life? How about the asusu (the local Nigerian savings style), where Mama Nkechi can run away with your money? If deductions chase you from banks and lack of security pursues you from other savings schemes, Boundless Pay is here to serve. Their savings scheme is secure and well-organized. Additionally, there are several budget-based savings plans, so you’ll be sure to find a convenient one to store wealth for your future.

Easy To Earn Affiliate Program

Individuals can earn up to 40% cashback with the boundless affiliate program. It’s as easy as signing up and getting ten active referrals. You earn whenever your referrals transact. Honestly, this is a great source of passive income. You won’t have to ask for urgent 2k when sapa grips you.

A Sustainable Token

Money makes the world go round while digital assets keep web3 spinning. With boundless pay, you can invest in or trade their native token, Nexus. Nexus (NEX) is founded on the Cardano network. However, the token is yet to launch.

In a recent interview, Akpate Kings, a graphics team member at Boundless Pay, said, “Other African countries can access the services of Boundless Pay. Recently, the company held an event – Blockchain Vibes East Africa, where the team visited countries like Kenya, Uganda, and Rwanda to educate enthusiasts and advance digital transformation. For some countries, besides the app, the company has offices or agents who receive digital currency and convert it to the local currency before passing it on to whoever it’s sent to. Therefore, this facilitates business activities where workers prefer to receive payment in their local currency.”

Thus, it’s visible that the platform Boundless Pay aids entrepreneurs and freelancers within Africa in conducting their businesses. It’s also lucrative for e-commerce activities as you can transact in any country’s fiat currency without being physically present. Look no further if you seek a secure platform for B2B, C2C, or even C2B transactions. Boundless pay is here for you.

Though the fintech corporation aims to transform Africa’s financial landscape, the industry faces several challenges. In a recent Twitter space discussion, Franklin Peters disclosed that government interference is a major hindrance to Fintech in Africa as they fail to support startups. The rigidity of the government to fully embrace innovation and support stifles the growth of Fintech agencies. He likened this to the Middle East, where the government prioritizes whatever brings money into its system. He further referenced Dubai, where the government invested in real estate structures after seeing the effect of the Burj Al Arab.

Let’s leverage this opportunity while we hope for African governments to adjust their approach, policies, and regulations by supporting innovations like fintech, which attracts FDI into the African ecosystem. Let’s jump on the moving train and explore the boundless opportunities available in Boundless Pay. Consider this a time to dive into web3 and explore the concept of decentralized finance. Trust me, you’ll be glad you did.