Financial digital firm to roll out multi-service crypto, payments app
A firm, Kaylabit Digital Limited, has announced plans to launch a mobile application that combines cryptocurrency trading, gift card exchange, bill payments, and other financial services on a single platform.
A firm, Kaylabit Digital Limited, has announced plans to launch a mobile application that combines cryptocurrency trading, gift card exchange, bill payments, and other financial services on a single platform.
The company said the app is designed to allow users buy and sell major cryptocurrencies, convert digital gift cards to cash, pay utility bills such as airtime, data, and subscriptions, and access virtual account numbers for transactions.
Chief Executive Officer, Kehinde Lawal, who disclosed this in a statement, said the product reflects a broader shift among fintech startups toward offering multiple financial services within one application.
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According to him, the platform will enable users convert digital assets into cash or use them directly for payments without first changing them into fiat currency.
Lawal said the company has integrated security features such as two-factor19 authentication and encrypted data transmission.
Read Also: Over-the-Counter Crypto Trading — Guide for Investors
He added that the platform operates Know-Your-Customer (KYC) and Anti-Money Laundering (AML) procedures in line with regulatory requirements.
He further stated that the firm is registered with the Special Control Unit Against Money Laundering (SCUML) and has put internal compliance structures in place.
Kaylabit also said the app will allow users plan events and sell tickets through the platform, with payment options in both cryptocurrency and fiat currency.
