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:

• 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:

• team@blockchain.org.nz 

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