The zone has launched a PoS gateway with instant settlement.

Zone, the company behind Africa's first regulated blockchain network for payments, announced on June 5 the launch of its new “ZonePOS” point of sale solution.

According to the press release from Zone, the new product seems to be a new solution for the area.

At Zone, the company's blockchain-powered payment infrastructure implements a direct transaction line for suppliers in accordance with the regulations on interbank payments. This represents one of the few, if not the only, decentralized trading gateways in the African market.

Source: Zone

The chief executive officer of the zone, Obi Emetarom, made the comments in a press conference.

“Our POS payment gateway product is a commitment to financial inclusion and the digital future of all payments in Africa. With this new offering, individuals and businesses can make and receive instant payments to anyone in the world, using any payment method and any currency, another big step towards our vision for the world.” We are so glad we took action.

Among the product's features are increased transaction speed. The service features blockchain-based charge-back protection.

According to a press release, the Zone POS payment gateway “eliminates chargebacks and chargebacks at POS terminals by automatically refunding customers for failed transactions.

Related: Nigeria's Interest in Bitcoin Unfazed by Regulatory Restrictions

The new product comes in a changing regulatory environment in Nigeria, one of the areas where ZonePOS is launching.

As Cointelegraph recently reported, young citizens have expressed “confusion” over the current government's push against the cryptocurrency and blockchain industries.

Nigerian President Tinuyi has pledged to legalize and support cryptocurrency technology during his presidential campaign. However, in the year