Nigerian crypto payment startup shuts down, offers IP for sale

Nigerian crypto and Web3 company Lazerpay has shut down after failing to raise funds and advises users to withdraw before April 30.Information Guide Nigeria

The announcement was made by Nigerian crypto and Web3 company Lazerpay on April 13.

According to a statement released on Twitter by Lazerpay founder and CEO Emmanuel Njoku, the decision to shut down the startup was necessary after the company could not raise funds in a funding round, COINTELEGRAPH reports.

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Njoku said, “We are immensely grateful for the connection we have made and the impact our platform has made in the crypto ecosystem. We fought hard to keep the lights on for as long as possible, but unfortunately, we are now at the point where we need to shut down”NYSC Portal

According to COINTELEGRAPH, the startup announced its renewed focus on ensuring a seamless transition for its users by ensuring that any outstanding issues are resolved.

They have suggested that merchants use the bank or crypto payout options and withdraw their funds from the platform before April 30, 2023.

COINTELEGRAPH reports that the startup is now inviting companies to make offers to purchase its intellectual property.

Recall that in 2021, Njoku launched Lazerpay as a teenager and co-founded with Abdulfatai Suleiman and Prosper Ubi to drive crypto adoption globally.JAMB Result

The company helps businesses accept stablecoin payments from customers globally.

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