Blockchain Companies to Watch for in 2023

There are not many blockchain companies in Nigeria. The reasons are not far-fetched. Nigeria is still at the preliminary adoption stage of adopting blockchain. There is a lack of awareness, regulatory challenges and safety concerns, which hinder its wider use.

To intensify and accelerate the use of blockchain technology, for example, the Central Bank of Nigeria must implement its pilot program for interbank transactions using blockchain, implement blockchain for land registry and real estate transactions, implement blockchain-based supply chain management for agriculture, etc.

Here are some of the blockchain companies in Nigeria

Paylot technologies

Paylot is a bitcoin payment processing service company. It developed a payment infrastructure that allows merchants, businesses, freelancers, service providers and others to receive and manage instant payments, remittances and donations in a variety of cryptocurrencies from anyone anywhere in the world via our APIs, plugins, POS apps, SDKs, payment invoices and so on.

Paylot deploys Bitcoin and Blockchain technology to reduce costs and increase efficiency in global trade, payments and remittances, especially in emerging markets. You can collect crypto payments instantly from anyone, anywhere in the world and receive an instant settlement in Naira.

Bitmama

Bitmama is a Nigerian blockchain payments startup that makes it easy for anyone across the African continent to buy and sell cryptocurrency. It is one of the most innovative blockchain companies.

CEO Ruth Iselema founded the company in 2019. Adam Umar is the company’s CTO, while Akinbola Asalu is the COO.

Bitmama started in 2017 as a P2P digital currency exchange. It quickly grew into a platform where individuals can easily trade and manage cryptocurrencies and digital assets. Today, it offers a reliable platform for cryptocurrency transactions. It is also building technology that will redefine the way people do financial transactions through blockchain technology.

Bitmama had fewer than 20,000 users on its platform. This number has grown to more than 70,000 and they have seen a massive turnout with minimal marketing. Income comes from margins on the transactions users carry out on the platform.

Interestingly, the company is working on a B2B game where, via APIs, it can help businesses in various industries that want to offer crypto-based services to their users without building from scratch.

Lazerpay

Lazerpay has built a blockchain-powered solution that enables businesses to accept payments from anyone, anywhere in the world, using stablecoins.

19-year-old Njoku Emmanuel is the CEO and founder of the company. And the mission is to become the stripe for crypto payments by helping businesses accept stablecoins from anywhere in the world.

Lazerpay has developed an API that allows developers to easily integrate crypto payments into their platforms. It also allows these businesses to pay out their money in local currency and US dollars to over 150 countries globally.

It does this by using stablecoins, a category of cryptocurrencies that lack the volatility of the more popular ones people are familiar with, such as Bitcoin and Ethereum.

As for cryptocurrencies, Lazerpay only offers BUSD, DAI, USDC and USDT. The company only focuses on those because they are backed by US dollars. Focusing on these digital coins provides a stable, secure and relatively risk-free financial solution for users.

In addition to the APIs and SDK offerings for white-label and payment integration, Lazerpay also offers no-code solutions such as payment links, QR codes and payment buttons.

HouseAfrica

HouseAfrica is a blockchain company that enables people to buy shares in multiple properties across Africa and earn returns; by adopting technology. With the deployment of blockchain technology, it can successfully sell fractional parts (in square meters) of a housing project to individuals willing to invest.

HouseAfrica was founded in 2019 to help banks, individuals and organizations verify investments as well as assets before acquiring them.

This is a property-oriented start-up which, through technology, helps potential investors to make the necessary decisions.

Elcrys

Ellcrys is a new blockchain that will allow people to build community-owned software products and organizations. This blockchain startup aims to encourage the innovation of new faction-owned software legacies and organizations, as well as find solutions to the problems facing software developers.

Users will be able to create decentralized Git repositories that are censorship-resistant, highly accessible, and truly multi-owned. Repositories can contain all kinds of code for various purposes such as web services, smart contracts, mobile app libraries/packages, frameworks, etc.

BMToken

BMCT is a blockchain-based platform that offers consumer loyalty rewards and solutions. The BMC token is used by users to receive rewards from merchants when purchasing goods and services. It can be bought, sold and stored using wallet solutions and exchange platforms.

BMCT combines Ethereum blockchain, Binance Smart Chain, TRON Blockchain and Bantu Blockchain (BMToken) to revolutionize consumer loyalty rewards across these communities for mass adoption, using BMToken with a Ticker (BMT)