Cape Town: TECHzMagazine – News Desk
South African fintech Ezeebit has integrated ZARU, the country’s first rand-pegged stablecoin, into its omnichannel payment infrastructure to accelerate real-world digital asset adoption among African merchants.
Launched on the Solana blockchain through a consortium featuring Luno, Sanlam, EasyEquities, and Lesaka, ZARU enables physical and online retailers to accept native ZAR-backed stablecoins with zero foreign exchange fees and immediate rate-locking.
Through this integration, merchants can accept local currency stablecoins directly at checkout alongside global digital assets like USDT, USDC, Bitcoin, and Ethereum. Ezeebit locks exchange rates in under one second at the point of sale, insulating business owners from price fluctuations between payment and settlement.
Operating on the high-speed Solana network, ZARU processes transactions near-instantly with minimal network fees, while retailers benefit from flexible settlement options including same-day stablecoin payouts or next-business-day local fiat deposits directly into standard bank accounts.
Ezeebit operates as an FSCA-regulated and FIC-compliant gateway, delivering support across ePOS hardware, static QR codes, and major e-commerce platforms like Shopify, WooCommerce, and Magento. ZARU maintains 1:1 rand backing in cash, bank deposits, and government bonds managed by Sanlam Specialised Asset Management, supported by independent monthly reserve attestations from Moore Johannesburg.
Backed by R36.6 million in funding from veteran fintech executives, Ezeebit addresses sub-Saharan Africa’s $205 billion on-chain transaction market by giving African retailers a volatility-free bridge between liquidity and everyday commerce.
