The Blockchain New Zealand Podcast

E04 - Jit Maharaj on Crypto Payments with BSC/BNB

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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:

    • Pay it Now
  • BNB Smart Chain  
  • Matic & Polygon  
  • Solend debacle 
  • Harmony bridge hack 
  • Indian crypto regulation  
  • USDD lost its peg similar to UST
  • the last bitcoin 
  • Hal Finney (the GOAT) 

    • Contact Jit:

    • Pay it Now

    Find Jeff:

    • Twitter
  • LinkedIn 

    • The BCNZ Pod:

    • Website https://bcnz.podbean.com/
  • YouTube 
  • Apple Podcasts
  • Google Podcasts
  • Spotify 
  • iHeartRadio 

    • Media & Sponsorship Enquires:

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

     

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    The Blockchain New Zealand PodcastBy Jeff Nijsse