Zone introduces new PoS gateway offering immediate settlements

Zone, the company responsible for Africa’s pioneering regulated blockchain network for payments, has introduced its latest innovation, the “ZonePOS” point-of-sale payment gateway solution on June 5.
This groundbreaking product is set to revolutionize the region, as stated in a press release from Zone. The company’s blockchain-powered payment infrastructure facilitates direct transaction routing to issuers while adhering to regulatory standards on interbank payments. This makes it one of the few, if not the only, decentralized gateways for currency-agnostic payments in the African market.
CEO of Zone, Obi Emetarom, expressed in a press release:
“Our PoS Payment Gateway Product embodies our dedication to financial inclusion and the digital evolution of payments in Africa. With this new offering, we are thrilled to have taken a significant step towards our vision of a world where individuals and businesses can effortlessly make and receive instant payments globally, using any payment method and any currency.”
The ZonePOS boasts features such as accelerated transaction speeds, promising same-day settlements and blockchain-based charge-back protection. The press release states that Zone’s PoS payment gateway “eliminates chargebacks and chargeback fraud on PoS terminals by automatically refunding customers for failed transactions and instantly declining fraudulent chargebacks.”
This release of the new product comes at a time of shifting regulatory landscape in Nigeria, one of the regions where ZonePOS is being introduced. Despite regulatory restrictions, Nigeria’s interest in Bitcoin remains strong, with younger citizens expressing confusion over the government’s resistance towards the cryptocurrency and blockchain industries.
During his presidential campaign, Nigerian President Tinubu had pledged to legalize and support cryptocurrency technology. However, since his election in February 2023, the government has taken actions that appear to be anti-crypto, leading to speculation about Tinubu’s true intentions for the sector.