Thursday Jul 07, 2022

E04 - Jit Maharaj on Crypto Payments with BSC/BNB

Jit Maharaj is a former commercial pilot turned crypto co-founder of Pay it Now, a payments network that uses a custom layer 2 built on the Binance smart chain (now BNB) that makes it easy for merchants and businesses to accept cryptocurrency payments. Jit is also a long time web developer, an Ethereum miner, and a Solana critic. 

In this conversation we talk about: 

  • Payments networks and providers,
  • Building on the Binance smart chain
  • Customer rewards programs and creating a token
  • Regulation in the crypto space in New Zealand
  • $20k bitcoin, and being a pilot.

Timestamps:

  • 00:00 intro
  • 01:18 what is PayItNow?
  • 03:25 fixing gas fees
  • 09:56 what's a layer 2?
  • 13:33 how does a merchant onboard?
  • 18:00 on bridging tokens
  • 19:53 why token? (&safemoon)
  • 25:18 competition with bitpay/stripe/shopify/solana
  • 30:33 regulation in NZ crypto
  • 35:28 $20k bitcoin? and market activity
  • 40:05 cofounder story flying 737s
  • 44:45 BCNZ in the industry
  • 45:36 rapid fire
  • 49:31 fin

Some notes from the show:

Contact Jit:

Find Jeff:

The BCNZ Pod:

Media & Sponsorship Enquires:

Recorded at blockheight 742914. The BCNZ Podcast was founded in 2022 by Jeff Nijsse and Bryan Ventura.

 

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