Breet Launches Stablecoin Payment API for Nigerian Businesses
The new API enables companies to receive digital dollars such as USDT and USDC from customers while Breet manages settlement, conversion, and backend operations. For the company, the launch reflects a broader shift in how cryptocurrencies are being used across emerging markets, not primarily as speculative assets, but as functional payment tools.
As inflation, foreign exchange shortages, and cross-border banking delays continue to affect African economies, stablecoins are increasingly filling gaps left by traditional financial systems.
Stablecoins’ Expanding Role in Africa’s Payment Ecosystem
Crypto activity across Nigeria and the wider African market has grown steadily in recent years. By 2024, stablecoins accounted for roughly 43 percent of all crypto transactions in sub-Saharan Africa, highlighting their growing dominance in everyday financial use.
Much of this growth has been driven by remittances and cross-border commerce. Dollar-pegged tokens now form the backbone of many informal and semi-formal payment networks, allowing individuals and businesses to move value without relying on slow correspondent banks or scarce foreign currency reserves.
Their practical value has also surfaced in everyday situations. Recently, internet personality iShowSpeed reportedly paid a luxury jeweller using stablecoins after conventional payment methods failed, illustrating how crypto-backed dollars can function as a fallback option when traditional systems break down.
For Breet, these developments point to a market where crypto is evolving into infrastructure rather than investment.
Why Most Nigerian Businesses Still Avoid Stablecoin Payments
Despite rising demand, stablecoin acceptance remains limited among Nigerian merchants and platforms. According to Breet, the main obstacle is complexity.
Accepting crypto payments requires businesses to monitor blockchain networks, track confirmations, manage wallets, and handle transaction fees across multiple chains. For companies whose core products are unrelated to digital assets, this technical burden often outweighs the perceived benefits.
Operational risks also play a significant role. Businesses must decide when to convert funds, how to manage liquidity, and where to store digital assets securely. The responsibility of safeguarding private keys alone introduces security challenges that many startups prefer to avoid, especially in a regulatory environment that continues to evolve.
While stablecoins reduce volatility compared to other cryptocurrencies, price risk has not disappeared entirely. Companies that accept non-stable digital assets remain exposed to fluctuations between payment and settlement, creating financial and customer-service challenges.
How Breet’s API Simplifies Stablecoin Acceptance
Breet’s new API is designed to remove most of the technical and operational barriers that discourage businesses from accepting stablecoins. Rather than focusing on individual users, the platform targets companies that process payments at scale.
For fintech firms, the system can enable users to fund naira wallets or virtual dollar cards using USDC without the company directly handling crypto assets. Gaming platforms can accept stablecoin deposits and settle balances instantly, reducing payout delays. Online marketplaces with international buyers and sellers can receive dollar-denominated payments without relying on expensive cross-border transfers.
At the infrastructure level, Breet manages wallet creation, transaction monitoring, and settlement processes. Businesses receive confirmations through webhooks and can choose whether funds are paid out in stablecoins or converted into local currency. Private key management is handled entirely by Breet, reducing security and compliance risks for clients.
One early example of the API’s use comes from PIL, a B2B spend management platform whose clients needed to fund virtual cards using stablecoins.
Instead of building internal blockchain systems or hiring specialised engineers, PIL integrated Breet’s API into its existing workflow. Customer wallet addresses were generated automatically, payments were made in USDC, and settlement and notifications were managed by Breet.
According to PIL’s product team, the integration required minimal changes to its core platform and allowed the company to maintain its focus on card issuance and expense management rather than crypto operations.
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Revenue Model and Market Positioning
Breet’s pricing follows a transaction-based structure, with businesses charged a percentage fee on incoming payments. Larger clients can negotiate custom terms based on volume, reflecting a model similar to traditional payment processors. Under this approach, Breet’s revenue grows only as its clients’ transaction volumes increase, aligning its incentives with business adoption and usage.
In a market crowded with complex crypto tools and developer-heavy platforms, Breet is positioning itself as a convenience-first provider. Rather than encouraging deeper engagement with blockchain mechanics, the company is betting that most businesses want simplicity, reliability, and predictable settlement.
From Crypto Products to Financial Infrastructure
The launch of Breet’s stablecoin API reflects a broader transformation underway in Africa’s digital finance sector. Cryptocurrencies are increasingly being embedded into everyday business operations rather than treated as standalone products.
As payment systems across emerging markets struggle with fragmentation and inefficiency, stablecoins are becoming a parallel financial layer that operates alongside traditional banks.
By focusing on infrastructure rather than speculation, Breet is positioning itself within this evolving ecosystem. Whether the strategy succeeds at scale will depend on regulatory developments, enterprise adoption, and the company’s ability to maintain reliability as transaction volumes grow.
For now, the company’s latest move signals a clear ambition: to make stablecoin payments as seamless for Nigerian businesses as card and bank transfers, without forcing them to become crypto experts in the process.
