I sell USDT to my Nigerian bank account in under 60 seconds.
No P2P marketplace. No waiting for a buyer. No counterparty risk.
I built the tool that does it. Here's why I think P2P trading in Africa is about to die 🧵
You can now pay for things in Africa directly from your AI agent.
Today we’re introducing Paystack Index, the easiest way to check out with Paystack merchants through Claude, ChatGPT, OpenClaw, and any AI agent.
At launch, you can:
→ Buy airtime: “Buy ₦500 MTN airtime for 080…”
→ Send money with @zapbypaystack: “Send ₦25k to…”
→ Buy food with @ChowdeckHQ: “Order jollof under ₦3k near me”
As more merchants join the Index, you’ll be able to do more, from booking rides and ordering groceries to paying utility bills, quickly and securely.
Paystack Index is now available in Nigeria, with more African markets coming soon.
An experimental product from Paystack and TSG Labs.
Very great read. I agree distribution is a differential, however the market landscape changes very quickly across regulation, innovation, user wants and the product ramps
A couple of case studies
1) 5-6 years ago, most ramps allowed direct naira deposits, credit/debit cards. One CBN policy wrecked that, lots of ramps went under the water. It led to the rise of P2P
2) One of the biggest ramps with millions of users recently pivoted into B2B, apparently users want better rates which eats into their margins. Competitors breathing down on their neck, they have to make adjustments which is typical a race to the bottom and makes it unprofitable to continue running the business, there are several other players in similar position
My point is as much as distribution is a differential, it doesn't guarantee winning as the sole strategy. It gives you an edge.
Don't buy at launch, wait for 3 - 6 months, let the hype fade. There's likely going to be massive sell off in the first 3 months, because among other factors SpaceX has raised over $11 billion across more than 30 funding rounds throughout its history, insiders will dump on retailers.
@Thanistarr@KierianV Shorting that right now is wrong timing, the perfect time to short coins like this is when the funding rate is close to been positive.