Diaspora Nigerians funding parents' living costs, medical care and household staff — the route that fits how this money actually moves.
Parents can't queue at cash-pickup agents; domiciliary accounts are overkill; medical needs are unpredictable and urgent; you need visibility that money actually arrived.
A Monica account on the parent's phone (or managed remotely on yours, withdrawing to their bank) turns support into a two-minute routine with instant confirmation — and 3am hospital deposits reach a Nigerian bank in minutes.
Your family member (or you, on the Nigeria side) downloads Monica from Google Play or the App Store and completes KYC — BVN or NIN plus a selfie, about 4 minutes.
Inside the app, choose USDT and pick a network — TRC-20 is the popular choice for remittance because the network fee is about $1 and confirmation takes seconds to a couple of minutes.
From any exchange or wallet abroad — Coinbase, Kraken, Binance, Bybit, or a self-custody wallet — send USDT to the Monica address. The blockchain doesn't care about borders, weekends, or banking hours.
Once the deposit confirms on-chain, naira credits the Monica balance at the live rate. Bank withdrawal completes in under 60 seconds — Opay, Kuda, GTBank, Zenith, all Nigerian banks.
"My brother receives it on Monica and withdraws straight to Moniepoint. Under a minute after the USDT confirms. Every single time."
"I compared everything — MoneyGram, bank wire, even cash with travellers. Stablecoin transfer beat all of them on cost and speed."
"I japa'd two years ago. Every app I tried had limits or delays. USDT plus Monica is the only route that has never failed me."
"First time I tried it I sent just $20 to test. It worked so fast I sent the real $800 immediately after."
Diaspora Nigerians funding parents' living costs, medical care and household staff.
Parents can't queue at cash-pickup agents; domiciliary accounts are overkill; medical needs are unpredictable and urgent; you need visibility that money actually arrived.
A Monica account on the parent's phone (or managed remotely on yours, withdrawing to their bank) turns support into a two-minute routine with instant confirmation — and 3am hospital deposits reach a Nigerian bank in minutes.
A verified Monica account — BVN or NIN plus a selfie, about 4 minutes — and any Nigerian bank account.
About $1 in network fees per transfer, any size. 0% platform, conversion, and withdrawal fees on the Nigeria side.
Yes. Following the CBN's December 2023 reversal of the 2021 banking restriction and the SEC's Virtual Asset Service Provider (VASP) framework — with provisional licences issued to Nigerian exchanges from August 2024 — receiving and converting stablecoins is legal in Nigeria.
The setup is the slow part — 4 minutes, once. Every transfer after that takes two.
Download Monica