iPayBTC Processes $2 Million in Bitcoin Payments Across Nigeria Using Lightning Network

– Prince Ogbonna founded iPayBTC in 2023 to simplify Bitcoin adoption in Nigeria after facing SWIFT payment inefficiencies during lockdowns.

– The platform processes $2M+ in transactions using Bitcoin Lightning Network, enabling instant airtime/data/electricity purchases at low costs.

– iPayBTC prioritizes practical utility over speculation, with user-friendly design and educational initiatives targeting 500k+ Nigerian users.

– Future plans include regional expansion across sub-Saharan Africa and hybrid banking integrations to facilitate Bitcoin-fiat currency conversions.