Nigerian startup BitPowr kick starts operations to offer blockchain, crypto infrastructure for businesses
BitPowr, a Nigerian startup, has begun operations, offering blockchain API, wallet, and digital asset infrastructure to businesses.
BitPowr, a stealth startup founded in early 2021, provides infrastructure for businesses and organizations looking to create, manage, and secure their crypto wallets on the blockchain network.
The startup provides a wallet API – a full-suite wallet management solution that allows businesses to create and manage different types of wallets for different blockchains and use cases – as well as a payments API that allows them to accept crypto payments easily.
“Our vision is to build “AWS for crypto,” in the sense that we power any type of business that wants to build on the blockchain,” said BitPowr CEO and CTO Toby Oyetoke.
“The cost of building on the blockchain is prohibitively expensive.” You will require highly skilled software or blockchain engineers to develop and maintain the product, as well as resources to build the application and the cost of running and maintaining the nodes. You must also account for transaction monitoring, security, and so on. For a new startup that isn’t making much money yet, you’ll end up spending a lot of money on blockchain integration rather than building your product.”
BitPowr fills this void and intends to charge subscription fees for its platform. BitPowr, which has been in stealth mode for a few months with clients in Nigeria and Cameroon, plans to expand to other African countries in the second quarter of this year.
