The design goal of the receiving flow is that a parent who has never heard the word 'blockchain' can use it. They see: a notification that money arrived, a naira amount at a clear rate, a green button, and a bank alert. The crypto mechanics, networks, confirmations, addresses, sit on the sender's side, where the crypto-comfortable family member usually is. Tip: set it up together on a call, do a $10 test, and save the address on the sender's exchange.
Yes. Their entire experience is: install Monica, verify once (~4 minutes), then receive bank alerts. Conversion is two taps at a displayed rate. Many diaspora senders manage the first setup over a video call in one evening.
A verified Monica.cash account, BVN or NIN plus a selfie, about 4 minutes, and any Nigerian bank account for the naira.
About $1 in network fees on TRC-20. Monica charges 0% to receive, convert, and withdraw.
Seconds to a few minutes for on-chain confirmation, then under 60 seconds from conversion to bank alert, 24/7, weekends included.
0% conversion fee on the Nigeria side. Live market rate. Every Nigerian bank.
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