Breet says simple crypto payments are the real challenge
Breet's COO told Moonshot in Lagos that making crypto payments simple, and trusted, is as hard as building the infrastructure behind them.
The facts
- Breet chief operating officer Vivian Mbene spoke at Moonshot by TechCabal in Lagos on Wednesday, according to TechCabal.
- Breet was founded in 2019 and converts cryptocurrency into cash for individuals in Nigeria and Ghana.
- The company also offers an API that lets businesses accept crypto payments and receive settlement in local currency.
- Mbene said simplicity can bring suspicion, and that crypto doubles it.
Case notes · Danny's take
Why it matters
Most merchants don't want crypto. They want to be paid in naira or cedis and get on with their day. Breet's model keeps the digital asset on the customer's side and hands the business local money. That is the useful part. The harder part is trust, and Mbene said as much: a smooth interface doesn't remove doubt about what sits underneath. In a market where many people have been burnt before, simple has to be believable.
For builders
If you build payments, the opportunity is the boring back end: transaction monitoring, deposit routing and currency conversion that merchants never have to see. Then work on credibility, because a clean checkout alone won't win over cautious business partners.
Not financial advice. Do your own investigation.
This story was summarised with AI from TechCabal's reporting and checked against our editorial policy. Danny's take reflects his views. Disclaimer.
Danny Walter
Founder of Moon Republic, Volt Terminal and Moon Republic Academy. Author of The Market Is a Crime Scene and After the Applause.