Myaza Details Stablecoin Rails for Cross-Border Payments

In Short

• Myaza says it crossed ₦3 billion in transaction volume in its first year.
• The startup runs its cross-border payments stack on stablecoins, which are crypto tokens designed to stay near a fixed price.
• It launched a stablecoin-powered point-of-sale device in February 2026 for Lagos merchants taking international payments.

What Happened

In an interview with Technext, Myaza shared how it is building “instant” cross-border payments from Lagos.

Founder Charles Archibong said the company hit more than ₦3 billion in processed transactions in its first year. He also said the team spent nothing on paid advertising to reach that volume.

The company’s key technical choice is using stablecoins as payment rails. Payment rails are the behind-the-scenes network that moves money, similar to how roads move vehicles.

Archibong said Myaza moved to stablecoin infrastructure after liquidity issues, which is when a payments provider cannot access enough funds to complete transfers on time. With stablecoins, he argued, liquidity can be accessed at any time, without relying on multiple bank accounts.

In February 2026, Myaza launched a stablecoin-powered POS device. POS is the card terminal or payment device a business uses at checkout. The goal is to help Lagos businesses accept payments from international customers, while Myaza handles the currency conversion, fees, and liquidity management in the background.

Why It Matters

Cross-border payments in Africa are still expensive and slow for many SMEs and traders. The interview frames this as a large trade “leakage” problem caused by friction, high costs, and limited access.

If Myaza can keep blockchain complexity hidden, stablecoins become an infrastructure layer rather than a consumer crypto product. That could make cross-border settlement faster for merchants, especially those serving regional travelers and international customers.

The big execution test is scale. Archibong said the next target is processing ₦3 billion in a single day, which would require deeper liquidity, stronger compliance, and reliable merchant distribution.

Source: Technext (published 2026-04-22)