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The Crypto economy is rapidly expanding, and GIG Logistics, the leading provider of last-mile delivery solutions in West Africa, ensures its users are not left behind.
Last week, GIGL released a version of its propriety delivery app “GIGGo’ with a crypto wallet. The crypto wallet will be released in beta phases to 2000 users and progress to 8000-10000 users within two weeks before finally being released to all.
The beta version of the wallet will give room for adequate feedback on functionalities and user experience.
On the crypto wallet, users would be enabled to perform key digital transactions like buy, store, send, withdraw and earn from digital assets. Users will also be eligible for rewards in cryptocurrency.
To do this, GIGL has partnered with XPAD, a crypto platform that will power custodial services backend. XPAD is built on the most secure ledger globally, which will guarantee asset security.
Users will get an update notification, introducing the crypto wallet functionality and get a prompt to sign up. If the user already has an account with the XPAD platform, they will be required to import their XPAD wallet by inputting wallet credentials.
This action will enable current XPAD users to perform crypto transactions from the GIGGo app. Some of the assets available for purchase are UDST, BITCOIN and CFX, and beta users will be allowed to make any asset purchase worth the equivalent of a maximum of 500,000 Naira daily.
“We are advocates for borderless transactions, progress and economic freedom. As a global delivery partner to all our users worldwide, we want to offer the ability to do much more than deliveries by providing digital services that promote efficiency, ease and wealth. Our customers be they individuals, e-commerce merchants or corporate partners, can now buy and hold digital assets on GIGGo through the integration with XPAD,” says Ocholi Etu, GIGL’s Director of Operations.
“Connecting GIGL users to cryptocurrency banking is a huge responsibility, and we have put the necessary infrastructure in place to ensure seamless and safe crypto transactions,” he continued.
This initiative would significantly increase the number of crypto wallet owners and ultimately translate to more numbers for the crypto economy.
Besides providing a crypto wallet, this integration lowers the barriers to entry and offers accessible alternatives to crypto adoption.
In this Q&A with TechEconomy.ng, Ocholi Etu, GIGL’s Director of Operations elaborates further on the moves:
Can you introduce GIGL Crypto Wallet to us?
Ocholi: GIGL did not build a crypto wallet. What we did was integrate with an existing crypto platform “XPAD” to power custodial services backend.
What can users do with the Wallet?
Ocholi On the crypto wallet, users would be enabled to perform key digital transactions like buy, store, send, withdraw and earn from digital assets. Users will also be eligible for rewards in cryptocurrency as well as have the ability to pay for global transactions unrestricted.
How can Crypto Assets be purchased?
Ocholi: Assets can be funded the most simple and convenient way. 70% of Nigerians own a bank account. To purchase any asset of choice, all that is required is to click the asset, input amount and select desired Peer to peer merchant from the marketplace, then complete a bank transfer to the specified bank detail.
You are testing the beta version, when will it be fully functional?
Ocholi: The wallet is fully tested and functional. We are only releasing to users in batches to get more feedback. We have deployed to the first 2000 users who updated their apps, we will progress to 8000 and 10,000 within the next two weeks before releasing to everyone.
Security is a major concern with regards Crypto wallets. What security measures are there to safeguard the GIGL Crypto Wallet?
Ocholi: The XPAD platform is built on the most secure ledger globally and runs a solid encryption service.
Who can use the GIGL Crypto Wallet? And where?
Ocholi: Anyone, anywhere in the world can enjoy the crypto wallet functionality on the
GIGGo app. You only need to have the app downloaded.
Is GIGL planning to introduce its own Cryptocurrency?
Ocholi: With technology you never say ‘never’. Everything is possible. We believe in borderless transactions and will continue to leverage technology to enhance this.
Wallets typically make for easier payments for service rendered be it fiat or crypto.
The ability to pay for global transactions unrestricted is a big deal as commerce is incomplete without the ability to pay; seeing that most merchants are import reliant.
As we would agree, cryptocurrency is the future of money and by integrating a crypto wallet, GIGL is making it easy for crypto adoption by giving users something different and relevant on an app they are already familiar with. They can store their profits in USDT and hedge against naira devaluation.
Finally, the more useful functionalities are available on the app, the more value GIGL is able to give to users.
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