News

MetaMask and Xion Global Redefine Web3 Payments in South Africa

Integrating MetaMask into Xion Global’s Web3 payment products gives consumers in South Africa the ability to perform one-off token approvals and enable 1-click web3 payments on any of Xion Pay’s client apps.

MetaMask and Xion Global Redefine Web3 Payments in South Africa

Xion Global, a multi-chain Web3 payment platform, has partnered with the popular crypto wallet MetaMask to enable 1-click Web3 payments for its users in South Africa.

With the new integration, users in the region will be able to use Ukheshe’s ‘Scan to Pay’ (former Masterpass) QR-code payment method with funds from their MetaMask wallet.

Back in September, Scan to Pay, the largest QR ecosystem in South Africa, partnered with Xion Global to introduce cryptocurrency transactions within the Scan to Pay app.

With the addition of MetaMask to the collaboration, local customers can scan the QR code whether they’re ordering online or having a meal at the restaurant, choose their connected MetaMask wallet, and click “Pay”.

Xion Global’s 1-click payment solution is powered by the proprietary Cross-Chain Payments Protocol (CCPP). It enables users to transact across various blockchain networks. It also incorporates AML/KYT checks to prevent illicit funds from entering the Xion ecosystem.

Moreover, Xion Global is introducing a range of other incentives for MetaMask users, including coverage of token approval gas costs, loyalty rewards and cashback offers. Namely, according to Metamask’s announcement on X, initially “Users will benefit from gasless USDT transactions on the Polygon network during phase 1, expanding to multi-chain payments in phase 2.”

Notably, South Africa is swiftly adopting cryptocurrency payments, with major retailers and even local spaza shops accepting crypto as a viable payment method. According to a Consensys and YouGov global web3 perception survey, 21% of South Africans currently own cryptocurrencies, and 38% owned crypto in the past.

Furthermore, recent data showed that crypto usage grows in Africa and MENA as a shield against rising inflation and other economic challenges.

Nina Bobro

1471 Posts 0 Comments

https://payspacemagazine.com/

Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.